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Cyprus Offshore Company

 

Cyprus Offshore Company

 Cyprus Offshore Company 

Cyprus Offshore Company

  • Cyprus Offshore Company Cyprus, officially the Republic of Cyprus (Greek: Κυπριακή Δημοκρατία; Turkish: Kıbrıs Cumhuriyeti), is an island country in the Eastern Mediterranean Sea.Cyprus is the third largest and third most populous island in the Mediterranean, and a member state of the European Union. It is located south of Turkey, west of Syria and Lebanon, northwest of Israel, north of Egypt and east of Greece.

    Cyprus is a major tourist destination in the Mediterranean.With an advanced,high-income economy and a very high Human Development Index,the Republic of Cyprus was a founding member of the Non-Aligned Movement until it joined the European Union on 1 May 2004.On 1 January 2008, the Republic of Cyprus joined the Eurozone. – Source Wikipedia -.

  • Cyprus Offshore Company The Cypriot economy has diversified and become prosperous in recent years. According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $28,381 is just above the average of the European Union. Cyprus has been sought as a base for several offshore businesses for its low tax rates. Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union.

    The Cypriot government adopted the euro as the national currency on 1 January 2008.The island has witnessed a massive growth in tourism over the years and as such the property rental market in Cyprus has grown. Added to this is the capital growth in property that has been created from the demand of incoming investors and property buyers to the island.In late 2013, the Cyprus Town Planning Department announced a series of incentives to help ignite the property market and further drive growth in new-built property developments in town centres across the country.This followed earlier measures for new and faster immigration permits to third country nationals investing in Cyprus property. – Source Wikipedia -.

 
 

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Cyprus Offshore Company

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Cyprus Key Company Features
General
Company type Private Limited Liability Company
Type of Law Common Law based on english legislation with
influences from Civil Law.
Requirement for registered office and address Yes, must be maintained in Cyprus or at the
premises of a licensed management company.
(we can assist in proposing).
Name restrictions Names of existing firms,or names similar enought to
cause confusion. Names that reference to the Cyprus
govornment and or the Royal Family, and any name
in the opinion of the Registrar considered undesirable
or obscene .We can assist with the naming.
Language of name Must be registered in Greek or Latin script. Foreign
names in Latin are acceptable as long as it is
accompanied by an English or Greek translation to
ensure compliance.
Allowable suffixes LTD or Limited
Corporate Taxation 12.5%
Restrictions on naming without license Company names with words like ”Banking”, ”Assurance” in them
are prohibited unless licensed. contact us for more information.
Corporate legislation environment The Cypriot Bar Association is the govorning authority
and are regulated under the Cyprus Company Law
Cap 113
Language of legislation and official documentation English or Greek
Offshore legisltation environment Modern and Secure Legislation
Restrictions on Trading A Cyprus registered LLC may not undertake activities
related with banking, insurance or other financial services
to the public.Also, companies may not trade with resident
companies and individuals in Cyprus.
Confidentiality Identities of beneficial owners are kept confidential as long as
local licensed nominee shareholders are engaged to act as
shareholder for the beneficial owners and no criminal or
laundering activities are suspected.
Stability Stable juristiction with solid reputation
Formation Time 10 Days
Bearer Shares Bearer shares are not permitted
Timezone GMT+2
Share capital requirements
Official currency Euro
Permitted currencies Any
Share capital requirement 1.000 EUR Minimum
Directors
Minimum Directors 1
Requirement for local administrator or Director None but advisable to use local Directors
Location of meetings and General Assembly Anywhere but advisable in Cyprus if seeking residency
Shareholders
Minimum number of shareholder/s 1
Public records access requirements Yes
Company Secretary
Requirement Obligatory
Local or licensed requirement Advisable to engage resident company secretary
Statutory Accounts Requirements
Accounting/Reporting requirements Yes
Annual Tax returns Yes
Requirements for Audit Yes (local Auditors only)
Public Accesability of Accounts No
Incorporation Procedure and Documentation
A certified passport copy (or identity card), as well as proof of domicile (ie utility bill) dated less than three months.Note: It is possible to represent you with a confidential mandate. If you’re interested in the possibility of EU Citizenship,click on the relative choice on the Cyprus quotation page. Click on the below link to be redirected.