Also in the news...
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
Bond Support Scheme
Find out about the Bond Support Scheme - how it works, its benefits and how to apply.
UK and African business leaders arrive in Togo to create trade and investment deals
The event brings together delegations from ten African nations alongside leading UK companies and investors to advance partnerships that promote economic growth and jobs.
Countering sanctions evasion: guidance for freight and shipping
For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.
Advantages Of A Cyprus Company
The establishment of a Cyprus company may, if structured correctly, offer a tax efficient way for businessmen around the world to conduct their business internationally. Below you may find a list of advantages which should be taken into consideration and which will assist you in determining whether a Cyprus company is in fact the ideal corporate structure for your business:
Advantages of a Cyprus Company:
1. The incorporation of a Cyprus company allows businessmen to carry out their business activities in Cyprus and abroad at a very low corporate tax rate of 12.5% (among the lowest rates within the EU).
2. The registration of a Cyprus company may be achieved with 100% foreign shareholders, noting that Cyprus Company Law requires that a company has as a minimum, one shareholder and one director. Corporate shareholders and/or corporate directors are permitted and they can be of any nationality, however, care should be taken to ensure that the company’s management and control is exercised in Cyprus. The management and control principle is the only test for tax purposes.
3. Dividends paid to a company resident in Cyprus are exempt from corporation tax notwithstanding that such dividends emanate from a foreign (under certain circumstances) or a local company. There is also no withholding tax on dividends repatriated to a non-resident individual or corporate shareholder.
4. A Cyprus company can also benefit from more than 60 double tax treaties entered into between the Republic of Cyprus and Greece, Russia, Poland, France, India, China, Singapore, Ireland, South Africa, the United Kingdom, the United States and Luxembourg, to name a few.
Dionysiou & Partners LLC (DP Law) can assist with setting up tax efficient structures and provide the subsequent management, administration and corporate secretarial legal services for the Cyprus companies used in such structures. DP Law can provide shareholders, directors, secretary and a registered office, as well as substance facilities and accounting services, through its strong network of affiliates, thus ensuring that clients that use the services of DP Law are fully compliant with all local and international regulations.
For further information, please contact Soulla Dionysiou at Dionysiou & Partners LLC