Why Cyprus Company Incorporation
Over the past twenty years, Cyprus has developed into one of the most favorable places for international business. A transparent tax regime combined with its excellent geographical position and infrastructure and its ability to offer sophisticated Cyprus planning opportunities, its ability to set up and manage collective investments schemes, the enactment of the Cyprus International Trusts Law which provided for the formation and administration of Cyprus International Trusts combined with its excellent geographical position and infrastructure were the key factors for its success.
Important benefits when choosing Cyprus for Cyprus company incorporation:
Acknowledge as having the best choice of inward/outward investment for certain countries e.g. Russia, Ukraine, Poland, and many CEE countries;
Double tax treaties with, China, etc.
Appropriate Legal System
Flexible and workable Corporate and Trust laws based on the UK legal system;
Setting up of a Cyprus company or Cyprus International Trust is relatively quick, easy with clear responsibilities and duties of all parties such as directors, shareholders, trustees, protectors, investors, etc;
Tax Efficient System for International Business
Zero Tax on dividends income;
Zero withholding tax on dividends to non-residents;
Zero capital gain tax on the sale of qualifying titles shares;
12,5% Cyprus income tax on net interest income and/or other income.
Quality of Professional Services
Cyprus lawyers and Cyprus accountants are:
mostly UK standard educated;
member of self-registered bodies governed by ethical codes of UK or International organizations i.e. UK ACCA, UK ACA, etc.
Cyprus business Language
Educated skill force for employment
Cyprus business environment. Good business environment, Cyprus living is of a high standard, good climate.
Price. One of the cheaper places in the EU for fiduciary services and maintaining international companies/trusts, especially compared to Luxembourg, Switzerland, Holland, etc).
Please contact us for a free personal consultation. in setting up a Company in Cyprus
PKF / ATCO Limited is a member firm of the PKF International Limited network of legally independent firms and does not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms. This publication is for information purposes only and should not be considered as professional advice.