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One of the advantages of a new firm in Cyprus is the great nature - Aphrodite's rock and beach in Cyprus, called Petra tou Romiou. Einer der Vorzüge eines neuen Unternehmens in Zypern ist auch die wunderschöne Natur – Aphrodites Felsen und Strand in Zypern, bekannt als Petra tou Romiou.

What are the Advantages of a new Company in Cyprus?

When doing business in Cyprus, one may encounter a highly competitive business environment. Establishing a firm in Cyprus not only offers a highly competitive, tax-efficient, and EU-compliant environment, but also opens the door to a nice Mediterranean lifestyle in proximity to major European Capitals, but also the Middle East and beyond.
So, it’s no surprise that Cyprus is a popular choice for international holding companies, all kinds of trading businesses, financial services, and last but not least, the betting industry. English is widely spoken, which guarantees a good starting point.

Why should I register and manage a Limited Company in Cyprus through FIRSTADVISOR?

Working with us means we will handle the entire application process, including any necessary compliance, until the company is registered and receives its tax number. Furthermore, we support clients regarding banking applications. We know how to approach banks and can handle hurdles, thus having a high success rate. This is important as a company without a bank account doesn’t bring any benefits.

You did already register a company but couldn’t obtain a bank account? Speak to us, we can surely help.

Our experienced and highly qualified international tax and legal advisors will review your company structure and existing management or mandate contracts. We also offer a review of your contractual arrangements at home and abroad. In addition, our tax and accounting department will be pleased to take care of your bookkeeping and tax returns.

Remember – we offer company formations in Cyprus at a fixed price of 2.850,00 € net. Enjoy our fast, reliable, and competent approach in your native language (German, English, Spanish, French, Czech, Slovak, or Greek).

Cyprus Residency – A perfect Spot to combine Mediterranean living and successful Business

A long-term stay in a country for more than 183 days will usually, and automatically, lead to unlimited tax liability on your worldwide income. Some countries go even further and already assign this tax liability if you can permanently use your apartment (this can even be the room in your parents’ house or a regularly visited hotel), which you can access with your keys – known as “Schlüsselgewalt” in German-speaking countries. This rule establishes or maintains an unlimited Tax liability for your worldwide income. If this subject interests you, you may find out more on our dedicated Taxation website.
The often-cited and widely used “183-Days-Rule” is not entirely correct. It can only be used to a limited extent, as few countries (Germany) impose personal tax liability if one spends more than 183 days in the country in two consecutive years, spanning two tax periods. If you do not plan to bind yourself for 6 months each year to anyone country, Cyprus is a good spot. In such cases, we recommend a firm in Cyprus as a stay of only 60 days per calendar year is enough to establish a tax residency.
Cyprus offers ideal conditions for a permanent residence. With close links to other European countries, a strong business environment, low taxes, good flight connections, and travel times of roughly 4-5 hours to the center of Europe, this is an ideal place to conduct business of any kind.
However, it is important to mention that a stay in any other (EU-) country for more than 183 days would trigger unlimited tax liability there. This concept is, therefore, ideal for everyone who can live and work flexibly (e.g., digital nomads).
Not sure what to do and overwhelmed by a flood of information? You can rely on well-founded and legally sound advice if you come to us. We are experts in corporate structuring, corporate finance, and taxation, and will always consider your personal circumstances. We will explain you the advantages of a new company in Cyprus. Together, we will find and plan your ideal life concept.
Find out more about taxes on our dedicated website FIRSTADVISOR.CH

Benefits of registering a firm in Cyprus

  • A wide choice of company types for all purposes
  • In most cases, only one founder – a natural or legal person – is required
  • Share capital from 1 € only, depending on the type of company
  • A low Corporate Tax Rate of 12.5 %
  • => Ideal for holding structures in combination with other EU jurisdictions
  • => Ideal for holding structures in combination with offshore jurisdictions
  • Cyprus has more than 60 Double Tax Treaties
  • No taxes on dividends for non-residents
  • No taxes on dividends for Non-Doms – exemption for 17 years
  • No Gift or Inheritance Tax
  • There are no restrictions on domicile and establishment of companies for EU citizens
  • Residence permits available for non-EU-citizens
  • Access to a highly educated workforce
  • Functioning banking sector with multiple national and foreign banks

Ideal Tax Framework for Holding Companies

There are undeniable advantages of a new company in Cyprus. Before the Republic of Cyprus joined the European Union, the former “offshore” regulations were abolished. Thus, the Cypriot legislation fulfills all relevant EU standards, EU regulations, OECD- standards, the FATF, and the FSF.

Cypriot companies are recognized throughout the European Union as EU companies with an extensive Tax Treaty Network. This circumstance is used mainly by holding companies. Cyprus nowadays has one of the most favorable Tax Regimes and competes within the EU with Ireland, Malta, the Netherlands, and Luxembourg at a split of the cost or with the UK as a NON-EU Jurisdiction.

Why not speak to us about the advantages of a company in Cyprus or a holding structure? Well, just reach out via Telegram or WhatsApp, and discuss your ideas with us.

 
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