Limassol Corporate accountants
Welcome to Evidentrust, your trusted partner for seamless Cyprus company incorporation and maintenance. As a prominent player in the global business landscape, Cyprus offers a strategic location, favorable tax regime, and a robust legal framework that make it an ideal choice for entrepreneurs and investors alike. With our extensive expertise and comprehensive services, we ensure a smooth and efficient process for incorporating and maintaining your Cyprus company.
Kyriacos Socratous, BA, ACA
Managing Director
Our Approach
At Evidentrust, we understand the importance of a seamless and efficient company incorporation process. When it comes to registering a Cyprus company, we provide you with a hassle-free experience that is both easier and faster compared to many European countries. Our expert team, in collaboration with our trusted legal external partners, ensures a consistent and high-quality service that takes care of all your registration needs.
Tailored Company Incorporation: Our team of experienced professionals is dedicated to providing you with expert consultation to structure the incorporation of your Cyprus company in a way that maximizes the benefits available. We understand the intricacies of the process and work closely with our legal external partners, who operate under our supervision, to ensure that every aspect of the incorporation aligns with your specific requirements.
Seamless Registration Process: The registration process for your Cyprus company begins with the drafting of the Memorandum and Articles of Association. These important documents outline the rights and obligations of the shareholders and form the foundation of your company’s operations. Our legal external partners, guided by our team’s expertise, handle the drafting process to ensure accuracy and compliance.
Post-Incorporation Support: In addition, once the company incorporation is complete, our team takes charge of the crucial post-incorporation steps. This includes facilitating tax and VAT registration, employer registration, accounting planning, and providing comprehensive assistance in setting up the operation of your Cyprus company. Our dedicated support ensures that you are well-equipped to navigate the regulatory landscape and focus on your core business activities.
Advantages of a incorporating a Cyprus company
- Profits of Cyprus companies who have their residence in Cyprus, are subject to a corporate tax rate of 12,5%, which is one of the lowest tax rate within the European Union (EU).
- Incorporation of Cyprus company is possible with 100% foreign ownership with a minimum one shareholder and one director both of which may be other corporations or natural persons.
- No withholding tax on dividends, interest and royalties declared by companies to non-resident/domiciled shareholders.
- Dividends paid to a Cyprus company are exempt from corporate tax.
- Tax exemption on gains from the disposal of shares and other securities.
- Beneficial IP regime which covers an 80% exemption on profits from the exploitation or licensing and gains on disposal of Intellectual property
- Full capital gains tax exemption on the transfer or sale of shares in a company, except where the company owns immovable property in Cyprus.
- Benefit from Double Tax Treaties with more than 55 countries.
- Unilateral relief from tax in Cyprus on amounts of tax paid or withheld abroad.
- There is no Wealth Tax or Inheritance Tax
Steps to Incorporate a Cyprus Company
- Determine Business Structure: Choose the most suitable company structure, such as a private limited company (Ltd), public limited company (PLC), or a branch office, considering your specific needs, goals, and compliance requirements.
- Name Reservation: Select a unique and distinctive name for your company and reserve it with the Registrar of Companies in Cyprus. Then, our experienced team can assist in conducting thorough name availability searches and handling the reservation process on your behalf.
- Share Capital and Shareholders: Determine the share capital of your company and identify the shareholders and their respective ownership percentages. Cyprus offers flexibility in capital requirements, allowing for minimal initial share capital.
- Company Documentation: Prepare the necessary documentation, including the Memorandum and Articles of Association, shareholder agreements, and other relevant legal forms. Our experts ensure accurate and compliant documentation tailored to your business objectives.
- Local Registration: Complete the company registration process with the Registrar of Companies in Cyprus. This involves submitting the required forms, supporting documents, and paying the registration fees. At Evidentrust, we handle the entire registration process efficiently, saving you time and effort.
- Tax and Legal Compliance: Fulfill the tax and legal obligations applicable to your Cyprus company, such as obtaining a Tax Identification Number (TIN), registering for VAT (if applicable), and complying with reporting requirements. Finally, our dedicated team offers ongoing support to ensure full compliance.
