Cyprus Company - General
Advantages of Incorporating in Cyprus
Advantageous vehicle for International Tax Planning and
on Dividends received (Dividends received by a Cyprus
Company, on certain conditions, are free of tax making
Cyprus the most competitive jurisdiction for holding
withholding tax on Dividend payments (Dividends payable
by a Cyprus resident company to its foreign shareholders
(whether a company or individual) are not subject to any
withholding tax in Cyprus)
tax exception on the payment of dividends to its
non-resident shareholders and has a real advantage over
the other traditional holding jurisdictions
capital gains tax is paid on the transfer of immovable
property owned by a Cyprus Company abroad (outside
Taxation for tax resident companies. (Starting from
accounting period of 2014)
Taxation for NON tax resident companies
Tax Treaties (Cyprus has signed a considerable number of
Double Taxation Treaties with various countries, to
avoid the double taxation of income earned in any of the
two contracting states)
minimum number of directors is one. Director can be of
any nationality and need not be resident, but Cypriot
advisable for purposes of tax residency corporate
directors are permitted
minimum number of shareholders is one
Nominee Shareholders and Nominee Directors Allowed
Principal Corporate Legislation
Companies Law, Cap 113, as amended.
Type of Law
Civil with many English Common Law influences.
Language of Legislation and Corporate Documents
English and Greek.
Type of Company for International Trade,
Investment & Tax Planning
Private Limited Company.
Cyprus Private Limited Company
authorised share capital is
Minimum paid up share capital is
Classes of Share Available
shares, preference shares, redeemable shares and shares with
or without voting rights.
Restrictions on Trading
assurance, reinsurance, fund management, collective
investment schemes, trust management, trusteeship business
provision are not permitted.
Registered Office Required
Yes, must be maintained in Cyprus.
The minimum number of directors is one. Director
can be of any nationality and need not be resident, but
Cypriot advisable for purposes of tax residency
Corporate directors are permitted.
The minimum number of shareholders is one.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Anywhere, but Cyprus advisable for purposes of tax
Disclosure of Beneficial Ownership to Authorities
The corporate tax rate is 12.5%.
Cyprus companies trading from
Cyprus may be registered for VAT purposes and the VAT prefix
will be 'CY'.
Double Taxation Treaty Access
Azerbaijan, Armenia, Austria, Bulgaria, Belarus,
Belgium, Canada, China, Czech Republic, Denmark, Egypt,
France, Germany, Greece, Hungary, India, Ireland, Italy,
Kuwait, Kyrgyzstan, Malta, Mauritius, Moldova, Norway,
Poland, Romania, Russia, Singapore, Slovakia, Slovenia,
South Africa, Sweden, Syria, Thailand, Ukraine, United
Kingdom, USA, Uzbekistan.
Requirements to File Accounts
Language of Name
Words such as "Assurance", "Bank", "Building Society",
"Royal", "Trust Company", "Trustee Company" etc. will
Name of a Company
The name of each company must end with the word
"Limited" or "Ltd".
Time to Incorporate
Two weeks, subject to name
Cost of Formation
Worldwide Incorporation Services provides the following
services in Cyprus:
Cyprus Company Formation
Registered Office Services
Company Secretarial Services
Nominee Shareholder/Nominee Director
Opening of Bank Accounts
Full Company Administration Services
Book Keeping & Audit
W.I.S. Office Address in Cyprus
WIS (CYPRUS) LIMITED
4 Profiti Ilia
KANIKA INTERNATIONAL BUSINESS CENTRE
Phone: +357 25 812 242
Working Hours: 08:30 to 17:30 weekdays (GMT +2)