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Information for Cyprus Expats on our Cyprus Company Formations Service
Cyprus with its low (10%) rate of Corporation Tax is an ideal place to form a company, either as a trading company, or a holding company. There are other benefits too.
Cyprus registered companies may trade freely in the European Union and other jurisdictions, as Cyprus is a recognised partner in international tax agreements.
Are you a Non Cyprus Resident? If the answer is yes, then when a company distributes Dividends to the shareholders who are not Cyprus residents, there is no Defence Tax payable.
A Cyprus company offers you the ability to purchase as many properties in Cyprus as you wish, thereby avoid paying 20% Capital Gains Tax.
By forming a company to purchase property and incorporating it as a Development Company in Cyprus, you avoid paying 20% Capital Gains Tax. When you decide to sell those properties, you will not pay 20% Capital Gains Tax on the profit but only 10% Corporation Tax on the gain.
Owning a property in the name of a company can save on transfer fees. A company can transfer its shares to a new owner instead of transferring the property owned by the company. Therefore, transfer fees are paid on the initial purchase only. This presents an enormous saving in transfer fees.
Our Company Formations Services include Company Formation, Directors, Trustees, Secretary, Nominees, Registered Office and Certifying of Documents as well as many other services.
Bank Accounts
We are able to open bank accounts for Cyprus registered companies, also personal bank accounts, as we deal with all the major Cyprus banks.
Online Services
We are able to provide these services online too!
For more information regarding this service, please complete our Contact Form
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