Easy registration of Cyprus company
Cyprus companies have some unique advantages, but there are also some potential challenges. Before deciding to register a company in Cyprus, entrepreneurs need to fully understand the local market conditions, regulations and policies, as well as cultural differences, and formulate corresponding business strategies.
Advantages of registering a company in Cyprus
Tax incentives
Cyprus has a low profit tax rate of 12.5%, which is quite competitive in Europe. In addition, for certain specific economic activities (such as shipping and intellectual property-related income), even lower tax rates or tax exemptions may be enjoyed.
Professional business services
Cyprus has a group of professional business service providers, such as lawyers, accountants and consultants, who can provide comprehensive business support to help companies operate smoothly.
Flexible company regulations
Cyprus's company law is relatively flexible, allowing companies to be registered quickly and easily. In addition, there is no minimum requirement for registered capital and it does not need to be paid in full, which provides great convenience for start-ups and small and medium-sized enterprises.
Superior location
Located in the eastern Mediterranean, Cyprus is an important transportation hub connecting Europe, Asia and Africa. This enables companies registered in Cyprus to easily conduct business with these regions and enjoy preferential bilateral agreements signed with these regions.
Double tax treaty network
Cyprus has signed double taxation agreements with many countries, which helps to avoid double taxation and increase the competitiveness of companies in the international market.
Political stability
Cyprus is a politically stable country with a sound rule of law, which provides a relatively safe investment environment for foreign investors.
Information required for registering a Cyprus company
Registration information
No capital verification is required, and there is no minimum registered capital limit
1
：Registered capital is €5,000;
2
：Number of shareholders 1-50;
3
：At least one director is required (there is no nationality restriction, but to enjoy tax benefits, the director must be a local);
4
：An audit report must be submitted every year.
Services related to Cyprus companies
Tax filing service
Specific details may vary depending on the type, size and region of the company
Prepare necessary documents and information
You need to provide the company's operating information, such as company receipts and expenditure documents, business vouchers, bank transaction documents, etc., which will be used to form financial statements.
Fill in and Submit Tax Return Forms
Submit the completed tax return form and related information to the Cyprus Tax Authority. If your company declares through the online declaration system, you need to upload the electronic version of the tax return materials to the system.
Waiting for tax bureau review
The tax bureau will review the tax return materials you submit to ensure the accuracy and compliance of the information. If the tax bureau has any questions about your tax return materials or needs additional information, it will contact you in time.
Pay taxes on time
According to the review results of the tax bureau, you need to pay the taxes payable in accordance with the prescribed time and method. The payment methods and time of corporate income tax and value-added tax in Cyprus are different. You need to understand and comply with the relevant regulations.
Registration related fees
Company registration fee:
3800 euros.
Address:
800 euros/year.
Processing cycle:40 working days.
Service Deliverables
Company Registration Certificate
Articles of Association
Company registration address certificate
Company shareholder certificate
Company director and secretary certificate
Why choose us?
IngStart provides corporate formation and compliance SAAS
Perfect service system
IngStart fully meets the needs of customers and provides efficient, professional and reliable services. Select the company that needs to submit an annual report in your IngStart account and click Submit Annual Report Service.
Professional operation team
IngStart receives the annual report service you submitted, updates your annual report in real time, and notifies you when the report is completed.
