Cyprus whilst being a full EU member and levying 10% Corporation tax on businesses located on the island also makes provisions for non-resident Cyprus companies that pay zero in taxation. As Cyprus has tax treaties with over 40 countries and operates VAT it is a popular jurisdiction as a holding company for other European corporations. Double taxation agreements vary from country to country but Dividends payable from a Cyprus company to a non-Cyprus resident are tax exempt. A Cyprus Company that takes advantage of tax treaties is classified as a resident company and therefore is liable to pay 10% Corporation Tax.
Cyprus Company Taxation
Local Cyprus company Corporation tax is 10%. Non-resident Cyprus companies are exempt from all corporate taxes including capital gains including profits from the sale of shares. Cyprus has tax treaties with Armenia, Austria, ,Austria - Final Protocol, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kurgystan, Kuwait, Lebanon, Malta, Mauritius, Moldova, Montenegro, Norway, Poland, Qatar, Romania, Russian Federation, San Marino, San Marino – Protocol, Serbia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, South Africa - Final Protocol, Sweden, Syria, Tajikistan, Thailand, Turkmenistan, Ukraine, United Kingdom, USSR, United States, Uzbekistan, Yugoslavia
Cyprus Company Compliance
The officers and shareholders of a Cyprus Company are required to be recorded at Companies House and the annual return detailing any changes is required to be validated every year. For most companies, accounts are required to be prepared annually and filed at Companies House. A Resident Cyprus company is required to file audited accounts. A Corporate Director is permitted to be a director of a Cyprus company. Every Cyprus company must obtain a tax number. For most of our clients AMP & Partners Limited provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Cyprus Company remain confidential.
Cyprus Company Formation
AMP & Partners Limited can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes 5 to 7 days.
Cyprus Company Structure
Cyprus Company Law is based on English law under the 1948 Companies Act. Amendments made in 2003 to the Companies Law as part of the EU accession require Cyprus companies to file annual returns and accounts with the authorities.
Cyprus Nominee Director, Shareholder and Secretary Services
AMP & Partners Limited provides fully-insured Nominee Corporate Director, Shareholder and Secretary Services. We guarantee that your Cyprus Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.
Cyprus Company names
Names may be expressed in Greek or any language using the Latin alphabet. The following words will be unacceptable: asset management, asset manager, assurance, bank, banking, broker, brokerage, capital, credit, currency, custodian, custody, dealer, dealing, deposit, derivative, exchange, fiduciary, finance, financial, fund, future, insurance, lending, loan, lender, option, pension, portfolio, reserves, savings, security, stock, trust or trustees.