Jurisdiction

Cyprus

Cyprus is an island in the Mediterranean Sea with a population of less than 900,000.

The official languages are Greek, Turkish and English. English is widely used in business, industry and government.

Cyprus joined the European Union in 2004 and has showed a considerable growth in its economy during the past 15 years.

Cyprus has a long history as an International Financial Center.

Cyprus enjoys the lowest corporate tax rate in Europe : there is a 10% corporate tax levied on the resident companies based on the worldwide income.

The companies that we incorporate are Private Companies Limited by Shares.

Main characteristics:

Company type	Private Company limited by share.
Governing corporate legislation	The Cyprus Bar Association is the governing authority and companies are regulated under the Cyprus Companies Law, Cap.113.
Information published relating to company officers	All company officers appear in the business registry, available for public inspection. We can appoint nominee officers to avoid the client's name to appea.
Confidentiality	Cyprus offers a high level of anonymity and privacy.
Accounting requirement	Yes
Taxation	Lowest taxation in Europe (10%)
Legislation	Modern offshore legislation
Standard Currency	Euro
Time to form	Cyprus has an efficient Registry : 4 days formation time
Stability	Stable jurisdiction with very good reputation
Communication	Efficient communication means
Time zone	Convenient world time zone : GMT+2
Secretary required	Yes
Paid up capital requirement	No paid up capital requirement
Basis of legal System	Under Common Law
Minimum shareholders / directors	Minimum of 1 Director / Shareholder
Bearer shares	Bearer Shares are not permitted