Republic of Cyprus

Our services in Cyprus

Formation and changes in the following subjects: Private Limited Company Societas Europaea Series of companies Branch or establishment International trust Taxes Corporation tax: 12,5% Personal income tax:   progressive from 20 % to 30% depending on the income Withholding tax:   there is not any withholding tax on payments to countries outside the European     Union,     which     makes     Cyprus     the     ideal     intermediary     for international business between EU and third countries VAT rate:  4 rates, the basic rate is 19%, other 5%, 9% and 0% are for specific goods or changed every year by decree-law VAT registration: Obligatory – at exceeding taxable transactions 15.600,- EUR in 12 months  Voluntary –  registration process is very easy, allocation of VAT takes 2 weeks Termination of a business: 1. deletion from the Commercial Register preceded by liquidation of a company 2. voluntary termination 3. the company has a legal successor - the sale, M&A or split-up of the company Accounting:  obligatory including the tax return and audit Publicity   of   company´s   data:   company´s   data   are   publicly   available   in   the   Commercial   Register   but the privacy protection can be achieved by using „nominees“. Bank account:   necessary for VAT registration process Advantages of Cyprus jurisdiction steady Anglo-Saxon law and simple, transparent tax system, very good business environment Cyprus legal environment is ideal for asset protection at the highest possible level invoices   from   Cyprus   are   well   received   by   Slovak   tax   authorities   or   authorities   from   other countries very low tax burden including many opportunities of tax exemptions invoicing to Slovakia or abroad is VAT-free simple VAT registration without deposits and checklists ideal   jurisdiction   for   trading   with   non-EU   countries   thanks   to   excellent   economic   relationships with most states international trusts Cyprus is open to trading with offshore destinations, there aren´t any limits in business optimal    jurisdiction    for    companies    providing    multi-level    marketing,    financial    services,    web- related   services,   software   development,   freight   forwarding,   stock   exchange   transactions   or intellectual property. Other services: International trusts Yacht registration VAT registration for business companies Cyprus trade mark International trade mark Complex advisory Services of translators Formation of International Collective Investment Schemes - ICIS Holding structures and connections with other countries Representing a client before administrative authorities and courts Registered seat and virtual office Summary of  the  characteristics of our services in Cyprus:   The   Republic   of   Cyprus   has   become   our   most   important   destination   in   recent   times.   Thanks   to   our reliable      business   partners   we   have   established   a   very   strong   background   in   the   financial,   economic field      and   in   the   field   of   economic   and   financial      law.   We   provide   services   to   our   clients      from   the   very beginning   of   the   establishment      of   the   company   and   trust   up   to   the   final   audit   including   international tax   advisory.   We   provide   representation      for   our   client   during      various   kinds   of   proceedings      before the   administrative   authorities   and   courts.   We   offer   well   researched   and   financially   effective   solutions for registering private vessels in Cyprus.

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