Auditing - Business Consulting - Tax - International Corporate Services
Cyprus has become one of the leading international business centres in the world for carrying out international operations and activities. This development has been the result of its expanding network of Double Tax Treaties, its generous tax concessions but also due to several commercial & business factors.
Advantages of Cyprus International Business Companies (IBCs)
Membership of European Union as from 1 st May 2004
Strategic geographical location being at the cross-roads of Europe, Asia & Africa
High quality standards of professional services
Excellent telecommunication system
Provision of professional services at competitive & reasonable prices
The procedures to set up an IBC are simple and the related costs low
Freedom from exchange control
Anonymity of the beneficial owners of a company and many more other reasons making Cyprus a very attractive place for many companies to base their operations in the island
What is an International Business Company (IBC)?
An International Business company is essentially a legal entity owned by foreigners, registered in Cyprus but having operations and deriving it's income outside Cyprus. In the case that the shareholder of the IBC is a European Union resident then the IBC is allowed to carry out activities also within Cyprus. Moreover, an IBC is allowed to maintain an office in Cyprus from where it can manage its operations. Also it is a simple procedure to register and set up a legal entity in Cyprus.
An IBC offers anonymity to the beneficial owner for the carrying out of the operations of the business and the making of investments. Finally, Cyprus IBCs enjoy substantial tax benefits including the fact that Cyprus has the lowest corporation tax rate (10 %) in European Union and the nearby countries as well as a wide network of double tax treaties that Cyprus has signed with 35 countries.
Types of businesses that can be incorporated:
There are three forms of Businesses that can be incorporated in Cyprus:
a limited liability company, including a Cyprus Holding Company
a General or limited liability partnership
an International Branch of a foreign organization
Most International Business Companies are limited liability companies and only a small fraction of them, are partnerships or branches because in essence their legal status and financial liabilities are the same to those of the beneficial shareholders.
Services that we offer through our office and /or preferred service providers are:
Registration of a Cyprus International Business Company
Provision of registered office address
Provision of Cyprus Nominee shareholders
Provision of Cyprus Nominee directors
Provision of Cyprus Nominee secretary
Trade marks registration
Opening of bank accounts
Planning your international tax schemes
Assistance in securing the Cy SEC license
We can assist you to secure a visa for you and your family
Finding and purchasing a house or an apartment or an office or a villa in Cyprus
We can assist you to provide a virtual office in Cyprus