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CYPRUS

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CYPRUS

Cyprus attracts investors from all over the world, it is this country that provides regular benefits for non-residents and promotes the development of foreign business on the island. Every year the jurisdiction more and more claims to be the main European business center and does everything possible to obtain this status.

The island of Cyprus is comfortable both for starting a business and for own living. Investors prefer this jurisdiction to create a business in the field of cross-border trade, IT, E-commerce, tourism and hotel and restaurant activities. The island is also suitable for creating investment funds, trusts, opening a real European office or relocating an offshore company. The financial sector is focused on a foreign client and will provide favorable conditions for opening accounts.

Requirments:

The minimum number of directors is 1. There are
no requirements for director residency.
The minimum number of shareholders is 1. There
are no requirements for the residency of a
shareholder.
Income tax rate is 12.5%from worldwide income.
There is an audit financial statement requirement.

Prices:

Company registration - 1850 EUR (inc.
governmental fee, preparation registration
documents, legal address service for 1 year,
company secretary service for 1 year, notarization
and apostille of documents, delivery)
Local director services - 1080 EUR/year. (90
EUR
/month), power of attorney - 250 EUR

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