Why Cyprus:
One of Europe’s most business-friendly jurisdictions, offering low tax rates, wide treaty network, and EU banking standards.
Tax Advantages
- Corporate Tax: 12.5% (lowest in the EU).
- Exemptions:
- Foreign dividend income (conditions apply)
- Profits from foreign PEs, stocks, bonds & other instruments
- IP profits taxed effectively at 2.5% (IP Nexus regime)
- Notional Interest Deduction on new equity lowers taxable base
- No Withholding Tax: On dividends repatriated abroad.
- No Capital Gains Tax: Except on Cyprus-situated real estate.
- Double Tax Treaties: Extensive network for cross-border relief.
Personal Tax Perks for Non-Doms
- No tax on dividend, interest & rental income for up to 17 years.
- Fast-track tax residency via “60-day” or “183-day” rules.
- Additional personal income tax exemptions/incentives.
Bank Account Opening
- EU-regulated banks with fast, secure e-banking & multi-currency accounts.
- Submit completed bank forms & legalised KYC for company/officers/signatories.
- Bank conducts due diligence before account activation.
- Detailed requirements list available on request.
Quick Checklist – Company Formation
- Requirements: Local registered office, ≥1 shareholder, ≥1 director, and a secretary.
- Legal Docs: Memorandum & Articles of Association drafted under Cyprus Companies Law Cap. 113 by a licensed lawyer.
- Tax Residency: Company must be managed and controlled in Cyprus (local directors, board meetings and minutes in Cyprus).
- Compliance: Maintain statutory records, file annual returns, and prepare audited accounts.
Our Support
- Tailored tax & structuring solutions
- Full compliance & administration services
- Residency & legal advisory
We handle every step of incorporation and banking to ensure a smooth, compliant setup for your Cyprus entity.
Contact
Mikaella Psillidou LLC
31 Nikodimou Mylona, Office 401, 1071 Nicosia, Cyprus
[email protected] | +357 99 729 004 | www.psillidoulaw.com