Price: £5,900
Country: Cyprus
Language: Greek / English is widely spoken
Population: 790,000
Details of Cyprus International Company:
Permitted to have only one subscriber and thereafter only one shareholder.
Permitted to have only one director.
Directors can be corporate or individual and need not be local resident.
Director and shareholder can be same person or same corporate entity.
Requirement for company secretary (cannot also be sole director). For practical purposes, the company secretary would be resident in Cyprus.
Meetings of directors or shareholders may be held in any country.
Public disclosure of directors, secretary and shareholders. Beneficial ownership is not in the public domain.
Requirement for audit and to file accounts and annual returns (arrangeable through Elite Bank Group).
There is a uniform 10% Corporation Tax Rate on all Cypriot Companies though if the Cypriot Company has Non Cyprus resident directors and beneficial ownership, the tax residency of the company will not be in Cyprus and the 10% tax rate will not apply.
No withholding tax on dividends, interest and royalties paid by a Cypriot company to a non-Cypriot resident Company or Individual. Can result in a no tax situation.
Exemption from CGT on any capital gain earned outside Cyprus. Can result in a no tax situation.
Banks: Offshore banking is available in Cyprus, details of which are available on request.
Cost:
Incorporation
£1500 one off (essential)
Corporate Structuring
£1100 one off
Company Secretary
£500 annual (essential)
Corporate Domicile
£900 annual
Nominee Resident Director
£1000 annual (essential)
Nominee Beneficial Owner
£800 annual (optional)
Corporate Bank Account in Cyprus
£ NIL
Total Cost
£5,900
All prices quoted are exclusive of VAT.
All applications for Cyprus Offshore Company Formation are treated with utmost confidentiality and professionalism.
Should you be interested in discussing Cyprus Offshore Company Formation please call one of our specialists on +44 844 202 4444 (Monday to Friday 9am to 5pm GMT)
For Cyprus Offshore Company Formation Application Form, please click on the PDF below.
The Elite Bank Group is part of Excalibur Investments Limited registered in Belize City, Belize No: 102921 providing Corporate Banking & Business Services in 75 countries worldwide.
The Elite Bank Group UK Address is Suite 15688 Lower Ground Floor, Crusader House, 145-157 St John Street, London EC1V 4PY.
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