Why Cyprus?
Navigating Cyprus taxation legislation is crucial, whether you operate a large corporation, a medium-sized company, or are a sole trader. At SOUTZIS PRIME AUDIT, our expert tax consultants stay updated with evolving tax laws to offer clients the latest insights and advice for optimizing tax benefits while managing tax risks effectively.
The sophisticated financial and business infrastructure. Internationally acclaimed entities offering legal, accounting and banking related services.
A Cyprus registered holding company (CRHC), with non-resident shareholders, features major tax advantages, such as:
CRHC are commonly used as intermediaries from International groups and entrepreneurs when investing outside of Cyprus to receive tax free dividends, to utilize beneficially the Cyprus Double tax treaty network and for disposal of overseas subsidiaries as the gains are tax exempt in Cyprus.
The incorporation of a Cyprus company is cost effective and under normal circumstances it can be concluded within a few days. There are certain reporting requirements, in accordance with local regulations, such as keeping proper books of account of all transactions, assets and liabilities, preparing annual audited financial statements and submission of an annual income tax.