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Company registration in Cyprus

  • Verification and approval of the company name;
  • Preparation of constituent documents;
  • Filling out registration forms and a court application;
  • Registration of a company in the Cyprus Registry and receipt of a package of constituent documents;
  • Document apostilization;
  • Issue of company register and share certificate;
  • Preparation of administrative and trust agreements;
  • Registration of the company with the tax authority;
  • Payment of state fees and duties related to registration.
  • Provision of services of the director and nominee shareholder (legal entity or individual).
The administration (legal service) of your company includes the following range of services:
  • Providing a Registered Office (Legal Address);
  • Preparation of a certificate of authority of officials (Incumbency Certificate);
  • Preparation of the Share Certificate;
  • Maintaining the Company Register (Corporate Register);
  • Signing and keeping the documents;
  • Receiving and keeping the correspondence;
  • Preparation and execution of resolutions/decisions;
  • Preparation and holding of annual meetings.
  • Counseling on general issues of local legislation and international law;
  • Providing recommendations on working with a bank account, support in cooperation with the bank;
  • Monitoring and informing about the timing of planned activities related to the operation of the company;
  • Ensuring timely exchange of information and preparation of documents, in accordance with established standards.

The client can get a preliminary free consultation via ZOOM or Skype

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Fixed annual payments as part of the secretarial service of the company.

Guarantee of execution of all corporate procedures included in the organization administration service.

Transparency of procedures

Awareness of the stages, deadlines, actions and the need to participate in a particular process

Preliminary approval of any procedures that require additional costs

Control over requests, cost of services, invoicing and receipt of invoices

Comprehensive and individual approach to solving current and planned tasks

The cost of services for the registration and administration of a company in Cyprus from 2000 Euros

  • The minimum authorized capital of most companies is 1000 euros, unless otherwise stated;
  • The average number of shareholders ranges from 1 to 15 and depends on the chosen form of the company. Nominal Director is allowed;
  • Director - individual or legal entity, any nationality, but preferably at least one is a resident of Cyprus for the purpose of applying DTT. A nominal director is allowed;
  • Availability of a secretary - preferably a local resident;
  • Information - information about the director must be publicly available. But information about the beneficiary (ultimate beneficiary) is not disclosed, including to government authorities.
YOU HAVE TO PROVIDE A NUMBER OF DOCUMENTS TO REGISTER A COMPANY IN CYPRUS:
  • Confirmation of the chosen name (this document must be put in the Commercial Register);
  • Copies of passports of each shareholder (notarized);
  • Information about the director and the secretary;
  • Statement from the bank confirming the fact of payment of share capital;
  • Lease agreement or proof of ownership.
  • Company Charter and Memorandum in Greek and English;
  • Resolution on appointment of company directors;
  • A general power of attorney for the beneficiary for 1 year. Any legal person (in case of nominal) can act instead of the beneficiary;
  • Declaration of Trust (in the case of nominal service);
  • Share certificate;
  • Document on the transfer of shares;
  • Document on acceptance for the position of a secretary;
  • Letter of resignation of the director with an open date;
  • Order the company seal.
A LIST OF DOCUMENTS THAT ARE ISSUED AT THE TIME OF REGISTRATION OF THE COMPANY:
  • an officially certified copy of the company registration;
  • shareholder certificate;
  • certificate of director and secretary;
  • certificate of legal address
  • certified copy of the Charter.

The client can get a preliminary free consultation via ZOOM or Skype

CONTACT US

TAXATION IN CYPRUS

WHAT IS AN IP BOX

INTELLECTUAL PROPERTY PROTECTION IN CYPRUS

TAX BENEFITS OF REGISTERING A COMPANY IN CYPRUS
One of the main taxes that a company pays is income tax. In Cyprus, it is 12.5% - one of the lowest in the EU. At the same time, it can be further reduced due to special benefits for developers of intellectual property — the so-called IP box regime. Preferential IP-Box mode, allows you to reduce income tax up to 2.5%. There is no income tax on securities trading.
  • software;
  • models;
  • projects;
  • patents.

This tax benefit will not apply to the right to images of brands, trademarks, even if it is a question of promoting a software product via the Internet. Therefore, the reduced tax rate does not apply to all transactions.

If the company is located in Cyprus, then as a source of dividends and interest for the withdrawal of funds in other countries, it does not have to pay taxes at source.

The company may also be recognized as a VAT payer under certain conditions. The standard rate is 19%. However, under certain conditions it can be reduced to 9%, to 5% and even to 0%. The specifics depend on the turnover and other certain circumstances.

In addition, there is a contribution for defense, which ranges from 0% to 15%. However, this applies exclusively to resident companies.

  • republic – 4,7%;
  • employer – 2,9%;
  • employee – 2,65%.
  • 8,3% — social insurance;
  • 1,2% — unemployment fund;
  • 2% — social unity foundation;
  • 0,5% — social learning foundation.
REMEMBER, IT IS POSSIBLE FOR A DIRECTOR OR A SHAREHOLDER OF A COMPANY TO OBTAIN CYPRUS TAX RESIDENCY UNDER THE SIMPLIFIED 60-DAY RULE

You are familiar with the taxes of Cyprus

Cyprus legislation is quite thorough in regulating many details of intellectual property protection. Also the protection of intellectual property rights is carried out on the basis of a number of international treaties that Cyprus has signed. These include the Treaty on the Law of Trademarks, Cyprus has ratified the Convention Establishing the World Intellectual Property Organization (WIPO), and the EU Community Trademark Regulations (CTMR).

One of the serious arguments in favor of registering a company in Cyprus was the developed banking sector. At the same time, compliance services are very loyal to IT companies. It is a known fact that in recent years, opening a bank account has been a real challenge, and this applies to Cypriot banks as well. However, since the government's policy is to develop and support the IT sector in Cyprus, banks are very loyal to opening accounts for IT companies.

As far as financial reporting is concerned, we can say that it is relatively simple. At the same time, the annual accounts can be accepted in their original form by the Russian tax authorities. In other words, there is no need to prepare the financial statements and the auditor's report separately: documents from Cyprus will be acceptable. All you have to do is translate and notarize them.

The annual report must be completed and submitted. It is compiled according to the results of the audit in English and Greek. The reporting consists of: tax return and annual financial statements. In addition, it is necessary to submit the minutes of the shareholders' meeting, which must be held at least once a year.

If you have any questions, please send us in the feedback form on www.internationallegalbridge.com, on WhatsApp or Telegram at the phone numbers on our website..

First step: let us know the purpose of the company operations.

Second step: we offer an algorithm for registering a company for your purposes and give you a quote for the incorporation of a company or individual entrepreneur in Bishkek, Kyrgyzstan.

Third step: we take care of all the legal documentation and applications.

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