Cyprus Company Formation in 2021 - 8 Reasons Why You Should Form a Company in Cyprus. Cyprus Company Formation Takes Less than 1 Week. 100% Success rate on Cyprus formation formations. Tax Rates for Cyprus Company are as low as 0%.
8 Reasons For Cyprus Company Formation in 2021
Republic of Cyprus in 2021 is considered to be one of the best jurisdictions worldwide for company formation services, due to the beneficial tax regime and highly advanced banking and digital service sector.
As Cyprus is member state of the European Union (EU), it enables businesses to highly benefit from the common EU market, and simultaneously, to receive a highly benefical tax regime.
Cyprus company formation is a perfect solution for both EU nationals, and nationals from countries outside the EU, as Cyprus tax regime and financial infrastructure is beneficial.
Why Cyprus is a great jurisdiction to incorporate a company in?
1. Cyprus has one of the lowest tax rates in the European Union - saves money in both long-term and short-term scenarios
0% tax on dividends, and 12.5% corporate income tax on net profits. There are possibilities to even reduce the corporate income tax rate using different tax residencies.
Cyprus has Double Tax Treaties with more than 60 countries, which would ensure that you are not double-taxed on your income from Cyprus.
- Dividend income exemption based on relaxed conditions.
- Capital gains tax exemption.
- No withholding tax on outgoing dividend, interest or royalty payments.
- Tax exemption for gains from trading in securities.
- Invest in equity of Cypriot company and get notional interest deduction.
- Foreign Exchange gains and losses are tax neutral.
- Especially attractive personal tax regime for international professionals and non-domiciled individuals.
- Tailor-made provisions for investment funds.
- Tax deductions if you invest in startup.
2. European Union jurisdiction
0% VAT rate on transactions between companies, general rate of 19% VAT for applicable persons;
3. Available banking solutions
Cyprus companies are able to open bank accounts both in Cyprus local banks, as well as in any other EU country.
4. Quick company formation
Cyprus company can be formed in less than 1 week. Usually company can be formed in 2-3 business days. The most important aspect is, that your local presence is not required. You can register a company being anywhere in the world.
All company documentation will be sent to you with apostilles via international courrier services.
5. Broad spectrum of company activities possible
With a Cyprus company it is possible to carry out business in various business fields, including business related to trading, gambling, and cryptocurrency.
6. Cyprus company ensures protection of your privacy
Within legal boundaries, Cyprus companies offer much greater privacy protection that other EU companies due to its' non-disclosure regulations.
7. No minimum paid up capital
A Cyprus company can be formed without requirements to deposit minimum share-capital.
8. No lengthy documents requirements to form a company
To form a company in Cyprus you will not need to provide a vast amount of documentation. The only documents required to incorporate a company in Cyprus are:
- copy of passport;
- copy of utility bill not older than 6 months;
- CV.
The Cyprus company formation documentation will be prepared directly by our lawyers.
To find out additional information about Cyprus company formation, please do not hesitate to contact our company lawyers in Cyprus via email info@baraccuda.eu or phone (also available Whatsapp, Telegram and Viber) +357 99781850
