Cyprus

Conditions for the company suitable
for international transactions:

Legal form

Private Limited

Duration of establishment

7 -10 days

Register of executives

Yes

Register of shareholders

Yes

Registered capital

5,000 EUR

Minimum paid-up capital

1,000 EUR

Minimum number of shareholders

1

Minimum number of executives

1

Non-residents allowed as executives / legal person

Anywhere in the world.*

Registered agent / seat required

Yes / Yes

Local company secretary required

No (anywhere in the world)

Local General Assembly required

Anywhere in the world

Submission of financial statements

Yes

Submission of annual reports

Yes

Mandatory audit

Yes

Company foreign income tax

12,5 %

Required tax return

Yes

Company income tax

Yes

Minimum annual fee to the state

350 EUR

Possibility to use a Double Taxation Avoidance Agreement

Yes

* We recommend Cyprus due to tax residence.