Cyprus is one of the most popular locations in Europe for registering companies. In addition to having the lowest tax rate in the EU, Cyprus has Double Tax Treaties with 64 countries and many other tax advantages for enterprises.
A combination of factors, such as the favourable tax legislation, the straightforward corporate legislation and the country’s stable tax policy has led to Cyprus becoming an attractive jurisdiction in which thousands of new companies are set up with the Registrar of Companies every year, making the country a significant international financial centre.
Cyprus has an effective and developed legal system and, as a former British colony, it has a system of common law with business legislation similar to that of the UK. As Cyprus is a European Union member, a company registered in Cyprus enjoys all the advantages of operating in the EU.
Overall it is a simple and straightforward process to incorporate a company in Cyprus and a corporate bank account can be opened without delay, and the Directors of the entity do not have to be present in Cyprus.
A minimum of one director is required for the formation of a Cyprus company. The director may be of any nationality and does not have to be a resident, but if your require a local Director we provide Nominee Services. The company by law must have a secretary and in this respect we can provide an individual secretary or secretarial company. The company by law must have a registered office in Cyprus, which may also be provided by us. It is a requirement by law for every limited by shares company to have at least one shareholder. If anonymity is required the shares may be held by a nominee in trust for the beneficial owner without public disclosure of the owner’s identity.