Cyprus Private LLC
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 | |
| Private Non-Resident LLC |
| Yes |
| Yes |
| 5-10 Business days |
| €400 |
| No (residence-based tax 12.5%) |
| No (residence-based access)* |
Share capital or equivalent | |
| Euro € |
| EUR, USD, GBP, CYP |
| No minimum |
| €1,000 |
| No |
| No |
Directors | |
| One |
| No |
| Yes |
| Anywhere |
| Yes |
Shareholders | |
| Two |
| No |
| Yes |
| Anywhere |
Company Secretary | |
| Yes |
| No |
Accounts | |
| Yes |
| Yes |
| Yes |
| Yes |
Other | |
| Yes |
| Yes |
Advantages
- Taxation is 0% for all non-resident companies
- Single member ownership is permissible
- Geographical proximity to Europe
- Nominee services are available
- Companies Act modelled after the UK
- Perfect international vehicle for trading or as a Cyprus holding company
- New migration of domicile laws
- Any nationality and resident of any country (except Cyprus) can form a non-resident LLC
- Uncomplicated formation requirements
- Located in the temperate Mediterranean