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 opening of a bank account with a local or international bank of your choice.
NEWS
- November 16, Dubai: Emirates will invest Dh400 million to establish a flight training centre at the Dubai World Central development in Jebel Ali to train local pilots. (Gulf News).
- October 5, Ras Al Khaimah: The Ras Al Khaimah Tourism Investment and Development Authority (RAK TIDA) aims to double visitor numbers to the emirate in the next two years. (Hotelier Middle East).
- September 23, Ras Al Khaimah: RAK FTZ was ranked nr. 4 out of more than 115 international free zones in Middle East (Khaleej Times).
- September 20, Ras Al Khaimah: Ras Al Khaimah registered 800 new licences in the last eight months, a 31% increase over the same period last year, according to the RAK Investment Authority (Rakia).
- September 5, Dubai:
The UAE banks are well capitalised and banking sector in the country will remain on its road to recovery heading into next year (Khaleej Times).
- July 27, Dubai: Dubai International Financial Centre (DIFC) Authority, the firm running the emirate's tax-free business park, said that 64 companies joined the free zone in the first half of the year (Arabian Business).
- June 15, Dubai: Tax-free returns on property income are enticing an increasing number of Indian investors into Dubai's property market (India Infoline).
- May 20, Dubai: DMCC recently announced it had crossed the 3,000 mark in the number of companies that have registered in the free-zone. Since the beginning of 2011, DMCC grew at an average of over 100 companies a month (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