Cyprus offers numerous opportunities for international investors looking to form an offshore company in the European Union. Whether for investment, as a holding company or for trading purposes, Cyprus has over fifteen different company formation vehicles in a jurisdiction that has a long history of international finance. The most popular company offered is the Cyprus Limited Liability Company (LLC). The Private Non-Resident LLC is appropriate for those residing outside of Cyprus and who would like a private company, rather than one that is publically traded. A Cyprus LLC can be given either a residential or a non-residential status, though a non-residential LLC has the benefit of not having to pay local corporate taxes.

Features

Cyprus Private LLC

Corporate Details

General

  • Type of Entity

Private Non-Resident LLC

  • Registered Office in Cyprus

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

5-10 Business days

  • Minimum government fees (excluding taxation)

€400

  • Corporate Taxation

No (residence-based tax 12.5%)

  • Access to Double Taxation Treaties

No (residence-based access)*

Share capital or equivalent

  • Standard currency

Euro €

  • Permitted currencies

EUR, USD, GBP, CYP

  • Minimum paid up

No minimum

  • Usual authorized

€1,000

  • Bearer shares allowed

No

  • No-par-value shares allowed

No

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

Two

  • Publicly accessible records

No

  • Corporate shareholders allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

Advantages

  1. Taxation is 0% for all non-resident companies
  2. Single member ownership is permissible
  3. Geographical proximity to Europe
  4. Nominee services are available
  5. Companies Act modelled after the UK
  6. Perfect international vehicle for trading or as a Cyprus holding company
  7. New migration of domicile laws
  8. Any nationality and resident of any country (except Cyprus) can form a non-resident LLC
  9. Uncomplicated formation requirements
  10. Located in the temperate Mediterranean