Cyprus Company Formation, Holding Cyprus, Cyprus Investment Firm, Offshore Company Formation

Company Formation Cyprus: Headoffice Nicosia

Company Formation Cyprus:

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Company Formation Cyprus: Offices – Nicosia Jacovides Tower

Jacovides Tower is a stylish modern building in the business district, five minutes from the centre of Nicosia, with many banks, government offices, ministries, clinics and embassies in the area. Nicosia is the largest city in Cyprus and part of the prosperous Greek Cypriot economy. Cyprus has an open, free-market, service-based economy with some light manufacturing. Its capital is a trade centre and manufactures textiles, leather, pottery, plastic, and other products, with copper mines nearby. The city is also the seat of the University of Cyprus and four other universities. Nicosia’s economic development focuses on services, tourism, and high-technology. The government is working to make Cyprus a regional hub of advanced telecommunication services. One project involved a submarine fibre-optic cable system through Cyprus connecting to Israel, Syria, Lebanon, Egypt, and Greece.

Location

  • City/Town centre
  • Major transport links

On Site

  • 24 hour access
  • Business Lounge
  • Meeting Rooms
  • Parking
  • Lounge area
  • Disabled facilities
  • Elevator

Technical Facilities

  • Videoconferencing studio
  • Voicemail

People Services

  • Vending Machines
  • Smoking Areas

Company Formation Cyprus: Taxation of Income

Double Taxation Agreements (DTA)Yes, with most countries
Corporate tax12,5%
Tax free receipt of foreign dividendsYes
EU Parent-Subsidiary Directive applicableYes
Holding company privilegesYes
Banking secrecyHigh
Nominee relationships allowedYes
Cyprus has double taxation agreements = DTA with most countries. Freedom of establishment in the European Union is applicable. From a European point of view, NO commercially equipped business operation is required for approval of a permanent establishment regarding the tax legislation in Cyprus, and neither is the proof of active business in Cyprus. The profit tax in Cyprus amounts to only 10%, irrespective of the amount of profits. Distributions of profits are not taxed.