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