Cyprus Company Formation
Our Promise
- Register your Cyprus company in a timely manner
- Open a bank account with e-banking and credit card
- Secure your tax optimisation
- Value for money services, no hidden costs
- Full confidentiality
- Prompt, professional and personal service at all times
If you wish to incorporate a Cyprus Company, the Oxford Team can assist you with the Cyprus company registration and the opening of a Bank Account so that you can start your business immediately. Oxford also provides company administration and nominee services.
Cyprus during the past decades has succeeded to become a reputable and most favourable International Financial Centre since Cyprus is widely chosen by businessmen and entrepreneurs all over the world in order to maximise their corporate profits through an effective utilisation of Cyprus Tax system.
Cyprus has become one of the most attractive places for businesses to register Cyprus International Business Companies or IBC’s due to its tax benefits.
Cyprus Company Formation Benefits
- lowest fixed corporate tax rate in Europe (only 12.5%);
- Cyprus is an attractive location for the establishment of an IP holding and development company, offering an efficient tax rate (effective corporate tax rate as low as 2.5%) as well as the legal protection afforded by EU Member States and by the signatories of all major IP treaties and protocols;
- hold shares in underlying subsidiaries with main purpose to capital appreciation which can be sold in the future. The profits from such a disposal are tax exempt in Cyprus;
- assist international groups seeking for low tax jurisdictions on dividend income. Dividend income is tax exempt in most cases;
- assist local groups paying dividends outside Cyprus to minimise their tax liability. There is no withholding tax liability;
- take advantage the favourable Double Tax Treaty Network of Cyprus and the EU directives. Oxford’s Tax Planning Department will assist you to select and adopt the most suitable structure for your business;
- benefit from the favourable repatriation provisions of Cyprus tax law from payments of dividend, interest and royalties without the need to pay any withholding tax;
- exemption from capital gains tax on any disposal of the holding in an underlying company;
- flexible reorganization rules enabling rapid restructuring with minimum tax implications;
- the Notional Interest Deduction (“NID”) is a new powerful tool provided to local and international businesses which enables them to deleverage and realise a tax efficient return on new (qualifying) equity. This return is achieved through the deduction of a “notional” interest expense from their taxable income;
- Different classes of shares with different rights, such as profit sharing, redeemable preference shares and voting rights may be issued.
Cyprus Company Corporate And Legal Features
The Cyprus Companies Law provides for a minimum of one share and at least one registered shareholder for private limited liability companies. It is customary to have an authorised share capital of €1,000 and an issued share capital of €1,000. Nominee shareholders are allowed and widely used. A foreign corporate or individual shareholder is permitted.
At least one director is necessary. The directors may be local Cypriot individuals or foreigners. It is generally advisable to appoint local directors if one wishes to have effective management and control in Cyprus. A corporate entity may act as director. Our company can provide Nominee directors.
An individual or a secretarial company must be appointed.
The registered office of the company must be in Cyprus. The registered office address is the official address of the company where the statutory books, registers, and the seal of the company should be kept. Oxford can provide both the registered office and company secretary.
Cyprus Companies need to be audited by a Cypriot firm of auditors every year in accordance with the International Accounting and Auditing Standards. Oxford can arrange for the appointment of a local auditor.