Cyprus Companies | Highworth

The formation of a company in Cyprus is governed by the Cyprus Companies Law, Cap 113, as amended.

Beneficial tax system
Corporate Tax rate 12.5% (with eective corporate rate lower for most international transactions though Cyprus)
No withholding tax on dividends received from foreign entities
No withholding tax on dividends distributed to non-resident shareholders
No withholding tax on royalties arising from sources outside Cyprus
Profits arising from the disposal of securities are tax exempt
Group relief provisions for companies resident in Cyprus
Fully compliant with EU and OECD
Special tax schemes available for Shipping industry, Intellectual Property, Trusts, Investment Funds, Expats
Extensive network of Treaties for the avoidance of double taxation

Customised name preference
Minimum one shareholder, foreign shareholders are accepted
At least one share is subscribed with no minimum or maximum paid up share capital
Shares at a premium, are available
Minimum of one Director appointed
Directors can be legal or physical persons
Director may act as Secretary [legal or physical person]
No limitation as to the nationality of the Secretary [Cyprus resident is recommended]
Cyprus registered oce is required
Company Annual General Meeting should take place in Cyprus
Concept of ‘nominee’ Shareholders is not forbidden

Easy set up and establishment of business
Fast incorporation of companies
Electronic filing of documents
Apostille and certification of documents available
Tax residence Certificates issuance
Nominee shareholder concept is not forbidden under the Cyprus laws
Management and control determine tax treatment of Cyprus companies
Possibility to employ local or international staff available
Special scheme for third country nationals obtaining a work permit under a Cyprus company of foreign interests available
Banking solutions
Redomiciliation of companies in/out of Cyprus is possible

Member of the European Union
Privileged geographic location, at the crossroad of three continents
Reputable jurisdiction and not a tax haven but one of the lowest tax jurisdictions
Legal and Regulatory Framework
Common law jurisdiction
Fully compliant with EU AML Directives, the Financial Action Task Force on Money Laundering (FATF) and OECD
International business environment for doing business
Special schemes for obtaining Cyprus citizenship
Non domicile tax residency status giving tax benefits and incentives

Incorporation of companies
Mergers/Redomiciliations
International structuring/restructuring
Nominee solutions and services [exclusive basis possible]
Corporate/administration services and solutions
Tax/VAT/VIES registrations and submissions
Liquidations
Work permits/temporary residence permits for third country nationals employed in Cyprus
Assistance in establishment of fully functional offices in Cyprus