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The Law in General
Companies Law
Private Limited Company

General Characteristics
Memorandum of Association
Articles of Association
Formation Procedure
Information needed for registration

Partnership and Business Name Law

General partnership
Limited partnership
Registration

Branches
Sole Partnership (Business Name)
International activities
Captive Insurance Companies
International Banking Units
Advantages of International Companies
Suitability of Cyprus
Basic data on Cyprus
Double Taxation treaties

 


ADVANTAGES OF INTERNATIONAL COMPANIES
  • No withholding of tax or of any other kind of tax (e.g. defence tax) when the recipient is not local;
  • No capital gains tax (except on sale of immovable property situated in Cyprus);
  • Freely transferable accounts of any currency may be kept either in Cyprus or anywhere abroad without any exchange control restrictions;
  • No exchange control restrictions;
  • All expenses incurred for the earning of income as well as annual allowance on fixed assets are allowed as deductions;
  • Company’s foreign employees working in Cyprus and abroad are liable to personal income tax at a rate depending on the days they spend in Cyprus;
  • The net profits of the company are subject to a corporate tax at the flat rate of 10% and if such profits are derived from dividends received from another Cyprus company, then no further tax is payable other than the flat rate of 10% paid only by the distributing company;
  • Non-resident shareholders (individuals or corporations) are not liable to an additional tax on dividends over and above the amount of corporate tax paid by the company;
  • No estate duty on the inheritance of the shares provided the deceased was not domiciled in Cyprus

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