Cyprus is widely known among entrepreneurs. Today, Cyprus is no longer an offshore zone, and it rigorously follows the AML international legal regulation and requirements of international organizations on prevention of money laundering and terrorist financing.
Cyprus became part of the EU in 2004 and a member of the Eurozone in 2008. The number of signed agreements on avoidance of double taxation is 62. Cyprus has one of the lowest corporate tax rates in the EU – 12.5%.
Cyprus is fully focused on business, that’s why the Company registered in Cyprus is a perfect solution for trade, provision of services, royalty structures, registration of holding and other activities. In addition, there is a trust regulation in Cyprus.
If necessary, a Cyprus company can be registered for VAT and the procedure is much easier, than in most other EU countries. International Cyprus companies may take advantage of the simplified liquidation of the Company.
Another advantage of the Cyprus structure is the ability to provide a substance that is usually required for opening a Bank account.
Cyprus companies must maintain accounting records and submit of audited financial statements annually. The VAT returns for VAT registered companies are filed each quarter.
We can help you to register a company and to ensure compliance with the requirements for the submission of necessary reports.