Understand the Jurisdictions Setup Requirement Before Proceed Your Cyprus Company Formation
Our friendly, affordable and efficient Cyprus company formation and business registration services are designed to help individuals and corporates establish an overseas business presence in the beautiful European country of Cyprus. We not only help you set up your company, but also we have the right experts to advise you on all the relevant legal issues, cross border tax planning, and other essential aspects of foreign business ownership in Cyprus, including international accountancy services and corporate and personal banking arrangements. At 3E Accounting, we are a one-stop shop for every corporate service you would need for forming a successful company in Cyprus.
Why Form a Cyprus Company
Businesswise, there are very many things going right for Cyprus, and this is why it is such a popular destination for corporate entities seeking overseas presence. The country not only boasts of the lowest tax rates(12.5%) in the European Union trading block but also it has one of the lowest VAT(19%) in the region.
There are no withholding tax on dividends and the fact that the country has a network of double taxation treaties also making it an appealing destination to entities that don’t want to surrender a huge chunk of their earnings to taxes.
Additionally, special EU directives and EU VAT registration is available in Cyprus, and it is also one of the few countries where businesses are at liberty to experience true freedom in the sense that they can operate the way they want, provided that they remain within the confines of the law.
Business Entities in Cyprus
If you are interested in registering a business, or Cyprus company formation, here are your options-:
Limited Liability Company
In Cyprus, a limited liability company is also known as an LTD. It can either be private or public based on its size and the types of shares. Regarding share capital, a private limited liability company does not focus on the amount of money the company has. For public companies, the company must have at least 25,650 euros for it to be registered.
Branch and Representative Offices
Foreign companies may establish a branch or representative offices as extensions of their parent corporate entities in Cyprus. A branch office may carry out profit-generating activities. It is also subject to all the tax laws and regulations in Cyprus. A representative office, on the other hand, may not conduct any profit-generating activity. As a result, they are restricted to only non-sales activities such as advertisements, product research, and development amongst the others.
There are mainly two types of partnerships in Cyprus – limited partnership and general partnership. Partnerships are not separate business entities from their owners. For registration purposes, both types must have a minimum of two and a maximum of 20 partners.
A sole proprietorship is the simplest form of business available to those who want to start a business in Cyprus. The company incorporation process is simple, it doesn’t have share capital requirements. In fact, you can just start as an individual.
Why 3E Accounting
While you can enlist corporate service providers you can use for your Cyprus company formation needs, 3E Accounting United Kingdom has the edge. Working with 3E Accountants will grant you a horde of benefits you will not find from other service providers. They include:
- Experience of over 10 years in providing corporate services
- Flexible and highly effective services
- Safe and practical tax solutions
- Access to proven tax planning strategies in Cyprus
- Staff committed to the success of your business
Get in Touch with Us
Contact us today for the most reliable Cyprus company formation services. Always ready to serve you!