International Business Company Services

International Business Company Services

Cyprus: A Thriving Business and Shipping Hub

Cyprus has emerged as a global epicenter for business and shipping, hosting over 100 shipping companies and 1,000 international business companies with fully staffed offices.

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This rise in prominence can be attributed
to several factors:

EU Membership:

Cyprus has been an EU member since May 1, 2004.

Tax Advantages:

It boasts one of the lowest corporate tax rates in the EU, complemented by numerous tax incentives.

Double Tax Treaties:

A wide network of Double Tax Treaties facilitates international trade.

Infrastructure:

Cyprus offers an excellent commercial infrastructure.

Talent Pool:

A highly qualified and multilingual labor force is readily available.

Strategic Location:

Positioned in the eastern Mediterranean, Cyprus serves as a strategic crossroads connecting Europe, Asia, and Africa.

Climate:

With over 340 days of sunshine per year and a warm climate, Cyprus provides an attractive lifestyle for professionals.

IBC Benefits:

Cyprus International Business Companies (IBCs) offer numerous advantages.

Telecommunication:

Advanced telecommunication networks and infrastructure.

Professional Services:

High-quality professional services at competitive prices.

Simplicity:

Setting up an IBC is straightforward with low associated costs.

Freedom:

Freedom from exchange control regulations. Anonymity: Options for anonymity of beneficial owners.

Understanding International Business Companies (IBCs)

Cyprus Address: The company must have a registered address in Cyprus. Shareholders: IBCs may have 1 to 50 shareholders, whether Cypriot or foreign individuals or entities.
Capital: No minimum authorized share capital, though EUR1,000 is common, with a minimum issued capital of EUR1,00.
Directors and Secretary: At least one Director and one Secretary are required.
Taxation: Cyprus companies are taxed at 12.5% on profits if management and control are in Cyprus, providing access to the Double Tax Treaty Network. If management and control are offshore, the company is not subject to Cyprus taxation.
Accounts: IBCs must submit accounts to Tax Authorities and the Registrar of Companies.
Anonymity: Anonymity can be achieved through nominee or trustee-held shares

Additionally, registering a legal entity in Cyprus is a straightforward process.

Business Types You Can Incorporate

Three primary business forms can be incorporated in Cyprus

Limited Liability Company:

Includes Cyprus Holding Companies.

Partnerships:

General or limited liability partnerships.

International Branch:

A branch of a foreign organization.

Most IBCs take the form of limited liability companies due to their legal status and financial liabilities aligning with those of beneficial shareholders.

Cyprus Address: The company must have a registered address in Cyprus. Shareholders: IBCs may have 1 to 50 shareholders, whether Cypriot or foreign individuals or entities.
Capital: No minimum authorized share capital, though EUR1,000 is common, with a minimum issued capital of EUR1,00.
Directors and Secretary: At least one Director and one Secretary are required.
Taxation: Cyprus companies are taxed at 12.5% on profits if management and control are in Cyprus, providing access to the Double Tax Treaty Network. If management and control are offshore, the company is not subject to Cyprus taxation.
Accounts: IBCs must submit accounts to Tax Authorities and the Registrar of Companies.
Anonymity: Anonymity can be achieved through nominee or trustee-held shares.

  • Cyprus IBC Registration
  • Accounting Record
  • Budgeting and Management Account Preparation
  • Feasibility Studies
  • VAT-related Services
  • Government Liaison
  • Annual Audited Financial
  • Annual Audited Financial Statement Preparation and Submission
  • Bank Account Management and Payment Execution
  • Registered Office Address Provision
  • Cyprus Nominee Shareholders, Directors, and Secretary Services
  • Personnel Recruitment


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