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Cyprus - Key Facts

Formation:
Approximately 5-6 working days

Shelf Companies:
Available

Authorised Share Capital:
Unlimited and no restriction on currency

Issued Share Capital:
Minimum paid up share capital = EUR1

Directors:

  • Minimum number of directors: 1
  • Advisable for tax residency in Cyprus that the director is resident in Cyprus
  • Corporate directors are permitted

Secretary:

  • Obligatory
  • No restrictions on residence or nationality
  • Corporate secretary permitted

Shareholders:

  • Minimum number of shareholders: 1

  • Corporate shareholders permitted

Public Filing:
Audited financial statements and annual return must be filed within 42 days of AGM.

Corporation Tax rates:
10%

Corporation Tax returns:
Must be filed with the taxation authorities annually.

Capital Gains Tax:
Generally exempt except for gains on immovable property held in Cyprus and non-listed companies which own immovable property in Cyprus.

Withholding Tax:

  • Dividends: 0%
  • Interest: 0%
  • Royalties: 0%

Royalties paid to non-residents for the use of rights outside Cyprus are exempt from withholding taxes.

Royalities paid to non-residents for the use of rights in Cyprus are subject to a withholding tax of 5%-10%. These rates may be reduced or eliminated under a tax treaty or EU interest and royalties directive.

Double Tax Treaties:
Over 40


Cyprus - Resources