General Information

Cyprus, officially the Republic of Cyprus is an island in the eastern part of the Mediterranean Sea south of the Anatolian peninsula Asia Minor or modern-day Turkey and to the east of the Greek islands of Rhodes and Kastellorizo. It is the third largest island in the Mediterranean Sea. The Republic of Cyprus is divided into six districts: Nicosia (the capital), Ammochostos, Keryneia, Larnaka, Lemesos, and Pafos. A former British colony, the Republic of Cyprus gained independence in 1960. Today the Republic of Cyprus is a developed country and a member of the European Union since 1 May 2004. Today Cyprus is one of the most attractive places for offshore companies, with an excellent banking system, resources, treaties ( more than 40 ), member of european union, the lowest corporate tax in europe with only 10 %, make Cyprus one of the best places to live and invest.  
 
Cyprus Offshore Company Formation - Requirements

DIRECTOR: Minimum of one Director. Corporations are permitted. (Local Director available and adviseble)

SECRETARY: A local Secretary is necessary (this is provided as part of the Registered Agent service).

SHAREHOLDER: Minimum of one Shareholder. Corporations are permitted.

Shareholder(s) and director(s) may be the same.

SHARES & CAPITAL: The standard share capital is CY£ 1,000.00 divided into 1,000 shares of CY£ 1.00 each. Bearer shares are not permitted.

NAME OF THE COMPANY: Must end with one of the following suffixes: Limited or Ltd.
 
Other Information About Cyprus Offshore Companies

Status of the company: Cyprus International Business Company (IBC).

Cyprus companies pay up to 10% tax on profits generated in Cyprus, profits generated from the rest of the world are not taxed.

There is requirement to file financial and tax statements with the Cyprus authorities - a company is required to keep financial records that reflect the financial position of the company. Audited accounts to be filed at the end of every fiscal year.

There is requirement to file annual return with the Cyprus authorities.

The Cyprus incorporation documents carry the names and identity of the shareholder(s), director(s) and secretary. As such the names appear on the public record. To secure the anonymity of director and shareholder, the nominee services are availeble.

The object of the Company is to engage in any act or activity that is not prohibited under any law. There are no restrictions on doing business within or outside of Cyprus by Cyprus companies.