Valsen Corporate

Cyprus IBC

Cyprus IBC

  • Cyprus is one of Europe’s key tax havens and is only a four-hour flight from the UK. It’s a popular destination for those wanting to avoid capital gains tax and is becoming increasingly popular as a home for setting up offshore company structures. One of the key benefits of using a Cyprus offshore company is that Cyprus has double-tax treaties with well over 45 other countries, including most major Western ‘high-tax’ countries and most Central and Eastern European states. This is unusual for a tax haven and means that Cyprus is a very good choice for holding and investment companies. It’s also on the OECD ‘white list’ and has implemented numerous tax information exchange agreements.

  • Key Features

    Cyprus IBC

    Corporate Details

    General
    • Type of Entity

    IBC
    • Type of Law

    English Common Law
    • Registered Office in Cyprus

    Yes
    • Shelf company availability

    Yes
    • Our time to establish a new company

    5 Business days
    • Corporate Taxation

    10%
    • Access to Double Taxation Treaties

    Yes

    Share capital or equivalent
    • Standard currency
    		 Euro
    • Permitted currencies
    		 Any
    • Minimum paid up

    €1,000
    • Usual authorized

    €5,000

    Directors
    • Minimum number

    1
    • Local required

    No
    • Publicly accessible records

    Yes
    • Location of meetings

    Anywhere
    • Corporate directorship allowed

    Yes

    Members
    • Minimum number

    1
    • Publicly accessible records

    Yes
    • Corporate members 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

    No

    Other
    • Requirement to file annual return

    Yes
    • Migration of domicile permitted

    No
    Advantages
    1. A great degree of respectability amongst companies registered in other tax incentive or tax haven countries. (Cyprus is not black listed in any country in the world)
    2. Cyprus is not considered to be a tax haven or “laissez faire” country but a tax incentive country
    3. No withholding of tax on dividends
    4. No capital gains tax (except on sale of immovable property situated in Cyprus)
    5. Freely transferable accounts of any currency may be kept either in Cyprus or anywhere abroad without any exchange control restrictions
    6. No exchange control restrictions
    Company’s foreign employees working in Cyprus are liable to personal income tax at a rate from 0 to 20% and if working outside Cyprus but receiving their salary through Cyprus at a rate from 0 to 2%

    • Cyprus Offering