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If you want to form a company in Cyprus, this jurisdiction has emerged as a popular place for people seeking to incorporate. Many business owners prefer Cyprus company registration because of its history as a former British Colony, meaning much of the population speaks English. So, it is relatively easy to conduct business in Cyprus as well as incorporate within the jurisdiction.
Furthermore, the legal structure in Cyprus was based on its previous association with Britain. So its legal structure was formed on the familiar English Common Law. This familiar legal basis in addition to Cyprus’s improving economy has paved the way for many financial benefits for international business people choosing to incorporate here.
How much does it cost to register a company in cyprus? Well, Cyprus company formation fees are quite reasonable. As government filing fees vary over time and we establish companies in so many jurisdictions, it is difficult to post fees that do not need to be regularly updated. So, there is a number or form on this page for inquiries for the latest costs.
Cyprus also earned a high standing as one of the best regions in which to incorporate for tax planning purposes. Many limited company owners report that Cyprus’s jurisdictional incorporation standards provide ideal protection for businesses. The past ten years has seen Cyprus as an increasingly favorable place to take advantage of international tax benefits.
Since the political and legal system in Cyprus is stable. Plus its location provides easy access routes for both travel and trade access to places like Asia, Europe, and the Middle East. Cyprus has been deemed by many business owners choosing to conduct business internationally as an excellent jurisdiction for incorporation.
Cyprus provides a great deal of stability because of its membership in the EU. As such, this region has solidified its reputation as an excellent and reliable business jurisdiction, offering some of the lowest taxes in Europe, and as a place to both incorporate and conduct international business.
Benefits of Incorporating in Cyprus
Cyprus offers so many benefits to corporations, including tax benefits, financial opportunity, and a well-connected economy, that its incorporation status has grown exponentially over the past decade. Each year, the number of business owners deciding to incorporate in the country substantially increases as the tax and business opportunities provided to entrepreneurs incorporating in the jurisdiction have attracted many new business owners.
Further legitimacy for those wishing to start a company in Cyprus occurred in 2004 when Cyprus entered into the European Union. This union not only boosts Cyprus as a stable region for incorporation but also solidified its listing in the Organization for Economic Cooperation and Development (OECD), White List.
Further benefits of incorporating in Cyprus include the following:
Keep in mind that the tax and other benefits mentioned above relate to Cyprus. You will need to be sure comply with the tax and other laws of the country in which you reside and/or hold citizenship.
Incorporating in Cyprus
There are a few required steps a company or limited company must complete to register in Cyprus. These include:
–Declaration form signed by the registered specialist.
–A document stating the address of the registered office.
–Information disclosing the directors and secretary, including those directors that are acting to manage the public company.
–Memorandum and Articles of Association, approved by a registered specialist
–A cover level that covers the Legal Entities Registration
With so many benefits being offered to business owners deciding to incorporate a company in Cyprus, one can see why Cyprus recently emerged as a popular jurisdiction of choice. From the legitimacy offered by the region because of its ties to the EU, to its low taxes and open financial opportunities for corporations and finances, Cyprus will more than likely continue to attract investors seeking to incorporate in an opportunistic offshore jurisdiction.