Languages: English, Greek
Currency: Euro
Time Zones: GMT + 2 hours
International airports in Larnaca and Paphos
Quick Facts
Why Cyprus?
- EU directives apply
- Competitive price
- 100% Foreign Ownership
- A minimum of only one Shareholder and one Director
Requirements
- Bank Reference
- Proof of Residence
- Notarised Passport Copies
For corporate entities: Notarised and apostilled corporate documents
Bank Account
Our firm will assist you with the opening of a Bank Account with local banks:
Laiki Bank
FBME
Laiki Bank
FBME
NEWS
- June 2, Ras Al Khaimah: Ras Al Khaimah Investment Authority (Rakia) has issued a total of 370 licences to different businesses between January to April 30 thus registering a 78 per cent growth over the corresponding period last year. (Trade Arabia).
- Dec. 29, Ras Al Khaimah:
Ras Al Khaimah Investment Authority (Rakia), one of the fastest-growing free zones in the region, has announced that it is planning to launch an elaborate concept of themed industry zones. (Gulf News).
- Oct. 14, Dubai: Dubai will be the first location to launch the Miscrosoft newest operating system, Windows 7, during the Gitex Technology week (Gulf News).
- Sept. 9, Dubai: Dubai makes history with the opening of the Metro system at 9pm on Wednesday. The world's largest automated driverless Metro system has been built by 30,000 workers at an unprecedented pace and will serve around 1.2 million passengers every day (Gulf News).
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CYPRUS
Upon joining the European Union on May 1st 2004, Cyprus instantly
became the most favourable holding jurisdiction in Europe. A Cypriot
holding company can receive dividends from Dutch subsidiaries untaxed,
and pass them on to its own shareholders untaxed as well. Capital gains
from the sale of shares are also not taxable in Cyprus. This has made
Cyprus’ fiscal climate more attractive than that of the European
holding jurisdictions that were preferred until then: Britain, Denmark,
Luxembourg, Switzerland, and The Netherlands.
Cyprus has the lowest Corporation Tax rate within the EU. EU-membership has not only made Cyprus a perfect location for holding companies. Thanks to a judgement of the European Court of Justice, Dutch businesses can now be financed from Cyprus and deduct all interest from their profits. In Cyprus this interest is subject to the lowest Corporation Tax of any EU member state.
Cyprus has the lowest Corporation Tax rate within the EU. EU-membership has not only made Cyprus a perfect location for holding companies. Thanks to a judgement of the European Court of Justice, Dutch businesses can now be financed from Cyprus and deduct all interest from their profits. In Cyprus this interest is subject to the lowest Corporation Tax of any EU member state.
This nominal rate of 10% can
effectively be lowered to under 1% by financing the Cypriot holding in
turn from a zero tax haven. This is possible because Cyprus does not
levy withholding taxes on interest, just as there are none on dividends
and on royalties.
Royalties from intellectual property rights like
patents, brands, software, and (franchise) formulas can be routed to a
zero-tax jurisdiction in the same manner with the same tax advantages.
Finally, by transferring part of its activities to the island, trading
companies involved in import and export are also in a position to
benefit from the favourable tax regime in Cyprus.
With its financial
and economic infrastructure, and English as the language of business,
Cyprus has developed into the most competitive location for holding,
finance companies, intellectual property, and trading companies in
Europe.
Freemont Group Corporate Website