Cyprus – EU jurisdiction with one of the lowest corporate income tax rates
Cyprus is an Island country located in the eastern part of the Mediterranean Sea. Legal system in Cyprus, being a former British territory, is based on the principles of English Common Law, as such, the legal system is recognized as fair, reliable and transparent.
Being a part of the European Union – the largest single market in the world, Cyprus benefits form from many advantages that EU represents – membership in a stable, democratic and secure community, free movement of goods, people, services and capital. In addition, Cyprus has signed more than 60 double tax avoidance treaties, preventing double taxation of income in two countries.
With one of the lowest corporate income tax rate, being just 12.5% (which can be further reduced, in some cases as low as 0%), with its generous tax exemptions and attractive incentives Cyprus offers many advantages!
One may wonder if Cyprus is a tax haven?
Cyprus LTD companies
The most popular form of company in Cyprus is Limited Liability Company (LTD). The fact that inward and outward dividends are not taxed and capital gains mostly exempt from tax, makes Cyprus very attractive and while uses of this type of company are endless, one of the most popular use is for holding and investment.
Cyprus LTD requires a minimum of one director and one shareholder, secretary and registered office. Even though there is no legal requirement to the minimum or maximum share capital, standard recommended share capital is € 1000, divided into 1000 shares of €1 each.
Cyprus company formation fees starts form only € 1150.75, this include the minimum components that are mandatory. Total fees and charges may vary, as this will depend on the management model your company may require and optional services including director, corporate bank account introduction services, accountancy and audit. In fact, Fidesta also offers online order form, which is made easy to use and does not require payment, this is basically a step-by-step process, which will lead you through all the necessary questions and options and provide you with precise cost including VAT.
Our Services in Cyprus
Fidesta Ltd, being licensed service provider (license No 197/196.), offers Cyprus limited company formation and ongoing company management, accounting and audit services, assistance with application requirements for special license obtaining by CySEC.
Registering company in Cyprus is quiet strait forward process. Correct structure and ongoing management, all the technicalities and details, is what is important, and this is where Fidesta comes to help. Our team of experienced lawyers and tax advisors will be able to find just the right solution for you – contact our Cyprus office!
Did you know that Cyprus is also a great place to live? Being a part of EU is just one benefit, Cyprus has sunny climate – over 320 sunny days per year, great tax advantages, one of the lowest levels of crime in Europe, just to name a few…
Our services also include assistance through all stages of the permanent residence application.
Contact details of Fidesta Ltd in Cyprus are:
Office 401, 4th Floor Strovolou 77,
Strovolos Nicosia 2018
Telephone: +35722818018 Fax: +35722818025
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