When planning your company structure you will certainly also consider the tax you will have to pay when your business get’s successful.

With a Cyprus Company Formation you will be able to have exactly this point in focus, the importance to have the Cyprus Company in the Top of your company structure can’t be denied. If it is a complete new business you are starting, then it is important to do things correct from the beginning, making any corrections later on can be difficult and might in many case course additional costs.

How should I start?
To register a Company in Cyprus isn’t any different than registering a local company, you will need to consider a lot of other factors first and do a thorough investigation of your market and which facilities you will need, for instant you will need a bank account for your Cyprus Company, if you are conducting business Online you will also need a Merchant Account to accept credit card payments, however, If the Cyprus Company should act as a simple Holding Company you will only need an bank account in addition, it is of great benefit to have a Cyprus Company as a Holding Company and maybe have another company in Cyprus below in the chain of your company structure to conduct the business.

Regardless where you will be placing your Cyprus Company in your structure, then once the Cyprus company formation take place, you will have many options available to quickly extend your structure to also include additional companies in other offshore jurisdictions.

The major benefits of a Cyprus Company are shortly explained below.
A Cyprus Company with local shareholders and director’s only pay 10% Tax and 15% Vat (if registered for VAT), which makes this country the cheapest TAX country throughout Europe.

A Cyprus Company registered as IBC (International Business Company) is subject to 0% TAX but requires all business to be conducted outside of Cyprus and foreign shareholders and directors.

A Cyprus Company is always registered as limited liability company(LLC) or limited company (LTD)
It is easy to open a multi currency bank account for your Cyprus Company once the company is registered. The banking infrastructure in Cyprus is “state of the art” and they have a strong banking secrecy in Cyprus.

The possibilities are many; let us know if you need any further information or if we can be of help for your Cyprus Company Formation and Cyprus Bank Account.