Republic of Cyprus

Cyprus has an attractive tax regime with legislation based on UK’s. With one of the lowest corporate tax in the EU, there is also 0% tax on interest income, dividend income, and profits from disposal of shares, bonds, debentures or other securities. Most of the people speak English and it is very easy to enter EU market with Cyprus company.  Furthermore, the royalties paid from Cyprus to non-resident companies are not taxed. Same goes for capital gains and income from the liquidation of a Cypriot holding company.  Cyprus is a welcoming country for many security traders from around the world.

Company registration process is simple and straightforward.

Corporate tax VAT
12.5% 19%

Limited liability company

LLC

Minimum Share capital

1 EUR

Registered office required

Yes

Physical office required

No

Min. number of Shareholders

1

Min. number of Directors

1

Local Director required

No

Other requirements

No

Bank signatory must travel

Mostly yes

Timescale for company formation

10 days

Timescale for bank account opening

7 days

Timescale for obtaining VAT number

7 days

Statutory audit requirements

Yes

Shelf companies available

Yes

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