Startyour business
Cyprus with its commercial infrastructure as well as the extensive use of the English language, and its Legal System based mainly on English Law, makes it the ideal place to establish a commercial company.
By establishing your company in Cyprus, you immediately benefit from one of the lowest rates of corporate taxation, which is only 12.5% on net profits, while the dividends you receive are Non-Taxable in Cyprus.
By establishing your company in Cyprus, you immediately benefit from one of the lowest rates of corporate taxation, which is only 12.5% on net profits, while the dividends you receive are Non-Taxable in Cyprus.
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Stages of establishing a company
Για την δημιουργία μιας νέας Κυπριακής εταιρείας, συμπεριλαμβανομένου οποιοδήποτε φόρων, εγγραφής της εταιρείας στο ΦΠΑ και άνοιγμα λογαριασμού.
01
Company Registration
Basic services
Additional services:
- Name approval request
- Registration of the Company
- Provision of Registered Office – included in registration.
- Provision of local Secretary – included in registration for the first year.
Additional services:
- Opening a bank account for the company, in any Cypriot or foreign bank
- VAT registration of the company
- Expediting company registration (paid only if you want the company to be registered within 5-7 days.
02
Registration of the company in VAT
The registration of the company in the VAT service is necessary in order to issue invoices to other companies to all European countries.
By obtaining a VAT number the company will benefit from the reverse charge mechanism. This means that any invoice issued by the Cypriot Company to other European companies will be with zero VAT, and conversely, any invoice issued to the Cypriot Company by another European company will be with zero VAT.
Additionally, your company, as a Cypriot, will receive a VAT refund from the Authorities, for any amount of VAT paid in Cyprus (e.g. Accounting costs and annual company management costs).
The company will have the obligation to register the VIES statements monthly (for its intra-European transactions) and the VAT statement every three (3) months. A member of our accounting department will be in contact with you every month (or your accountants) to ensure correct and consistent/accurate entry of VAT statements & VIES.
By obtaining a VAT number the company will benefit from the reverse charge mechanism. This means that any invoice issued by the Cypriot Company to other European companies will be with zero VAT, and conversely, any invoice issued to the Cypriot Company by another European company will be with zero VAT.
Additionally, your company, as a Cypriot, will receive a VAT refund from the Authorities, for any amount of VAT paid in Cyprus (e.g. Accounting costs and annual company management costs).
The company will have the obligation to register the VIES statements monthly (for its intra-European transactions) and the VAT statement every three (3) months. A member of our accounting department will be in contact with you every month (or your accountants) to ensure correct and consistent/accurate entry of VAT statements & VIES.
03
Taxation - Annual Accounts / Financial Statements
When the company completes its first birthday, it has the obligation to prepare and register its Financial Statements. The Financial Statements include the preparation and filing of the annual accounts by an approved auditor, to the Income Tax Service, as well as any advice that may be related to the taxation of the Company and ensuring that the company is Tax-protected.
The taxation of your Cyprus residentsit suits you
With the lowest taxation, the right headquarters and solutions for further improvements, the flexibility you need and absolute application of the law
0% tax on income for income from abroad.
0% dividend tax for 17 years
No advance tax and other charges
There are no tax advances, extraordinary contributions, solidarity contributions or other charges beyond the contributions to the General Health Plan (G.S.Y.)