Benefits of Cyprus Offshore Company:
Cyprus has concluded Double Taxation Avoidance Agreements with many countries, which represents a possibility of zero or reduced withholding tax on dividends, interest and royalties paid by Cypriot companies.
Bank account for Cyprus offshore company: Euro Pacific Bank, Belize Bank International, Pacific Private Bank, Atlantic International Bank, Bank of Cyprus, Hellenic Bank.
Cyprus offshore company registration in 5 steps:
STEP 1: Place your order
STEP 2: Pay the fee for Cyprus offshore company formation
STEP 3: Our Project Manager contacts you and requests that you send the necesary documents
STEP 4: You receive foundation documents from us
STEP 5: You are able to start your business
Customer satisfaction rate:
Documents required for Cyprus offshore company formation: certified copy of passport or ID card, proof of address (not older than three months).
Cyprus Offshore Company:
Duration of establishment
7 -10 days
Register of executives
Register of shareholders
Minimum paid-up capital
Minimum number of shareholders
Minimum number of executives
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
Submission of annual reports
Company foreign income tax
Required tax return
Company income tax
Minimum annual fee to the state
Possibility to use a Double Taxation Avoidance Agreement
About Offshore Cyprus
Cyprus is situated in the northeastern part of the Mediterranean Sea at the crossroads of Europe, Asia and Africa. This island is an important international financial center due to its excellent infrastructure, strategic geographic location, highly skilled workforce, favorable business environment and a wide network of Double Taxation Avoidance Agreements.
English is used in business negotiations, the government and the courts. The Government of Cyprus has been an internationally recognized government and it has been a member of the European Union since 2004. Euro was introduced here on January 1, 2008.
Laws are based on the British legal system. The essential law on commercial companies is the Companies Law, which is designed according the equivalent law in the United Kingdom. In connection with the accession of Cyprus to the European Union and the OECD in 2003, new tax legislation was adopted and with it Cyprus became one of the most progressive jurisdictions offering one of the lowest tax rates in the European
Union and creating favorable conditions for tax optimization of international transactions.