Company formation services in Cyprus

What we do

SIGTAX specializes in the incorporation of companies in Cyprus. Our unique approach coupled with specialized industry knowledge and global reach enable us to anticipate the needs of our clients and provide distinctive, lasting and substantial solutions. 

 

For this matter contact

Angelo Aristodimou
36 Pireos Street, Nicosia 2023, Cyprus

Why should you choose SIGTAX Cyprus

Our team comprises highly experienced local experts, well-equipped with the right knowledge and resources to handle all the bureaucratic and legal hurdles you might encounter when starting a business in Cyprus. Over the years we have worked with a diverse clientele, from start-ups to large multinational companies. Therefore, we deeply know the industry and can help you dodge the common pitfalls saving you time and money.

 

Reach out to SIGTAX to make your business endeavours in Cyprus as simple, quick and easy as possible.

 

Taxation for Cypriot Companies

All Cypriot companies are entitled to follow the rules and regulations for taxation and must pay 12.5% corporate tax. For a company to be considered as a Cypriot resident legal entity, it should be managed and controlled in Cyprus. Taxation for companies in Cyprus applies on the income produced in Cyprus and abroad, from all taxable sources. Non-Cyprus resident organizations are taxed on the income produced by a Cypriot business with a permanent establishment in Cyprus. This mainly applies to branches of foreign companies. 

Cyprus is one of the most attractive destinations for foreign companies. This is because of its low tax rates and compliance and the EU laws and OECD recommendations.

 

Types of companies incorporated in Cyprus

Foreigners are not restricted from participating in Cyprus general partnerships. The general partnership can have a maximum of ten partners and between  2 and 20 individual members.
 

The entity is operated by a single member holding full responsibility and liability. While it might seem like an informal and insignificant type of business, it’s requisite to register with the Registrar of Partnerships.

 

The most distinctive part about limited partnerships in Cyprus is that at least one or more general partners will have to hold unlimited liability while the other partners will have limited liability.

Due to their numerous tax benefits, trusts in Cyprus are becoming more and more prevalent. They are a great tax and estate planning solution for foreigners and significantly reduce the tax burden for the settlor.

Anyone can register for a private company in Cyprus because it allows a single shareholder. The maximum number of shareholders is 50 and the shareholders are restricted from transferring their shares to others. It also doesn’t allow public subscription to its shares or debentures.

 

Formed between a corporation and another company. The maximum number of shareholders is 50 debenture holders. The director belongs to the exempt company and it’s not entitled to file accounts with its annual return, neither it limited in acquiring loans.

 

CLGs in Cyprus are popular among non-profit and charity organizations. The liability of each shareholder depends upon a memorandum with the amount they agree to contribute in case the company goes into bankruptcy.

 

Any foreign organization can open a branch in Cyprus. All the registration documents should be submitted in Greek.

 

Every public company in Cyprus is entitled to have a minimum of two directors and seven shareholders. The minimum share capital is 25, 630 euros.

 

Due to their numerous tax benefits, trusts in Cyprus are becoming more and more prevalent. They are a great tax and estate planning solution for foreigners and significantly reduce the tax burden for the settlor.

SIGTAX has been incorporating companies in many countries for several decades and has earned itself a very good name in the corporate industry. We specialize in the consolidation of companies in Cyprus through a quick and simplified process.

 

Our expert team is highly experienced and equipped with insider knowledge of the corporate industry in Cyprus. We pride ourselves on a strong network with the Cyprus banking institutions and other relevant authorities. Thus by working with SIGTAX, you can be certain that the incorporation process will be quick and cost-effective even in the most difficult situations. Furthermore, we provide outstanding customer service, minimized bureaucracy, confidentiality, and a one-stop solution attitude.

 

Steps for company formation in Cyprus

  • Prepare shareholder's documents.
  • Opening a corporate bank account with a Cyprus bank
  • Depositing the share capital
  • Receiving the capital certificate from the Cyprus bank
  • Setting up a registered office in Cyprus
  • Applying for business registration—all the documents are signed by a Cyprus notary and submitted to the Ministry of Commerce
  • Receiving the registration certificate
  • Commence operations

Why should you open a company in Cyprus?

  • Cyprus has one of the lowest corporate tax rates in the EU of 12.5%;

  • It's strategically located—at the crossroads of Europe, Africa and Asia

  • The Island has a huge inflow of foreign direct investments (FDI), for instance in 2018 alone, it was 3,285 million USD;

  • Cyprus ranks 57 in the 2019 World Bank’s Doing Business Report in terms of ease of doing business.

  • The Cypriot jurisdiction has a pro-business approach toward new reforms

  • Cyprus has the lowest crime rate in Europe

     

 

Company formation in

Benefit from excellence now! Get in touch with our experts and enjoy our state-of-the-art corporate services, from company formation all the way to audit, accounting and taxation.

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