Cyprus is a very attractive location to actualize your ideas and benefit from them. You can establish a Private Limited Company as an offshore company in Cyprus.
• Corporate Requirements
2. The minimum number of one director is also required to incorporate and run a PLC. The directors can be natural or legal entities, residents or non-residents in Cyprus.
3. The registered office of a PLC must be in Cyprus.
4. A PLC must have a secretary. The secretary has to be an individual and can be resident or non-resident in Cyprus. A sole director is not allowed to be the secretary simultaneously unless the PLC has only one member.
5. There is no minimum capital to establish a PLC in Cyprus. The Standard authorized capital is US$ 1,000 which is divided into 1,000 shares of US$ 1.
• Annual Requirements
2. An annual return is also required to be submitted to the Registrar of Companies once a year.
3. Generally, a PLC has to have its financial statements audited, unless it is considered a small-sized private company, which means it meets at least two out of three criteria below throughout the financial year:
- The total of assets presented in the balance sheet (and without having subtracted the liabilities) does not exceed 34.172,029 euros;
- The net turnover does not exceed 70.052,659 euros;
- The average number of employees does not exceed fifty persons.
- Exchange control is not applied for offshore companies;
- The lowest corporate tax rate in the EU (12,5%);
- No tax on dividends or interest payments to non-residents or residents not living in Cyprus;
- No tax on capital gains from disposal of securities listed on a recognized Stock Exchange Market;
- No tax on profits from reorganizations or from transferring ownership or shares or from the payment of stamp fees;
- Cyprus also has a wide network of double taxation treaties with more than 60 countries involved, benefiting companies incorporated in this country, including offshore companies.
|Company Incorporation Service Fee|
|All Government fees due on Incorporation|
|Free Name Application|
|Local Registered Office Service||12 months||12 months|
|Local Secretary Service||12 months||12 months|
|Certificate of Incorporation|
|Memorandum and Articles of Association|
|Register of Shareholders|
|Register of Directors and Officers|
|Resolution of the Subscriber appointing Directors|
|Resolutions of the Directors appointing Officers and issuing shares|
|Professional Consultancy via Phone and Email|
|Assistance on Opening of Company Bank Account|
|Company Statutory Record & Company Kit|
|Total fee||US$ 2,440||US$ 2,939|
|Setup Company||Setup Company|
Beside the company incorporation service, we also provide Offshore Bank Account Assistance of numerous banks in the world and Other Services necessary for any offshore company.
For any further questions, feel free to Contact Us for more details.