Cyprus Offshore Company
Cyprus is an independent country situated towards the north east of the
Mediterranean Sea and it is the third largest island in the Mediterranean.
Though the island was ruled by many races, it was the Greeks who had a very
strong and lasting influence on the religion, culture, and language of the
island. Cyprus is tactically located and is almost situated at the cross roads
of the continents of Europe, Africa, and Asia. This location has made Cyprus a
very important commercial and business center. Cyprus is an independent country
and its constitution and legal structure have made it an important offshore
financial center. Cyprus offers you a number of benefits and advantages for you
to consider opening a Cyprus Offshore company.
Many people do ask the question why you should open a Cyprus Offshore Company.
There are, of course, many reasons. Cyprus has become a popular destination to
open Cyprus Offshore Companies or Cyprus International Business Companies or
IBCs. Cyprus joined the European Union in the year 2004, and this fact along
with its strategic position has made it a much desired place for international
business companies.
You can enjoy many advantages when you open a Cyprus Offshore Company. Some of
them are:
Location: Cyprus is strategically located at the crossroads of the continents
of Europe, Asia, and Africa.
Climate: Cyprus is a very sunny country which enjoys almost eleven months of
sunshine every year, with long hot summers and short mild winters.
Travel facilities: It is well connected by air and sea to many international
destinations.
Communication: The country has a good telecommunication system and you can
reach almost any country by direct dialing. It also has an excellent postal and
courier service.
Standard of living: Cyprus has a high standard of living with good housing,
cheap but good health care, and a beautiful environment.
Taxation: Companies enjoy a 10% rate of taxation. It also has one of the
lowest VAT rates in Europe 15%.
Confidentiality: The shares can be held by nominees and hence, your anonymity
is assured.
Administration costs: Cyprus boasts of low-cost employees, rents, and living.
Service infrastructure: The country has excellent banking, legal, and
financial services.
When you open a
Cyprus Offshore Company, you enjoy some extra-ordinary benefits.
Some of these benefits are described here:
Profits derived from the operation of non-resident investments can be freely
moved.
You do not have to pay any tax on dividends, interest, or royalty payments.
Dividends paid to share holders are tax-free.
Capital gains are totally exempted from tax.
Salaries of foreign nationals employed outside Cyprus are exempt from tax.
Corporate profits are taxed only at the rate of 10%.
Cyprus has Double Tax Treaties between Cyprus and 38 other countries.
The owner or director of a Cyprus Offshore Company can remain anonymous with
the help of nominee services.
Cyprus has become a popular destination for offshore companies incorporation
due to its English-type of legal system. The country has seen a fast growth of
low-tax companies, which has made it a global leader in the formation of
offshore companies.
With all these facilities and benefits waiting for you, make haste to open a
Cyprus Offshore Company.