Your
turn key CYPRUS Company.
Advent UK creates your Company in Cyprus, for you wherever you are resident.
COUNTRY:
Cyprus.
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SOME
LEGAL EXPLANATIONS:
Cyprus
as an international financial centre
There are
a number of reasons which make Cyprus one of the most attractive international
financial centres in the world.
It is
now a member of the EU
with the lowest corporate tax rate within the Union. It is an English-speaking
country and possesses a wide treaty network which makes Cyprus a favourable
tax regime for international investors. The island boasts an excellent
professional infrastructure, with international banking facilities and
first class legal and accounting services. Undoubtedly Cyprus is an
attractive corporate and trust environment for international clients.
Potential
uses of Cyprus companies
As international
holding companies, because
- Cyprus
is a member of the EU (and therefore entitled to EC Parent/Subsidiary
Directive Relief)
- dividend income, and capital gains from the sale of shares, are
exempt from the 10% Cyprus tax rate
- no Cyprus withholding taxes on dividends paid to non-residents of
Cyprus.
As international
royalty and finance companies, because
- Cyprus
is a member of the EU (and therefore entitled to the EU directive
on interest and royalties)
- Cyprus taxation on royalty and interest income is favourable.
As international
trading companies, because
- the
Cyprus tax rate is just 10%
- under trading sub-contracts, the Cyprus sub-contractor company can
pay tax-deductible fees to an offshore contractor company thus minimising
the impact of Cyprus taxation in appropriate cases
- Cyprus companies which are managed and controlled outside Cyprus
are exempt from Cyprus taxation.
Potential
uses of Cyprus trusts
Cyprus
trusts have such a wide variety of applications that it is impossible
to categorise their every use but it is possible to identify some general
areas of application.
- Avoidance
of probate procedures and fixed heirship regimes
- Provision of tax-efficient employee benefits
- Accumulation of a tax-free gross fund for the benefit of wealthy
families
- Consolidation of assets
- Succession and tax planning
- Protection of assets from illegitimate seizure or sequestration
- Strengthening the claims of offshore residence status for companies
through offshore trust ownership of company shares.
Time
needed for formation: Usually it is 10 working day, but we need
up to 30 working days for legalization of the documents and delivery
by courier.
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You
can now start your activity without extra expenses. Contact
us for more details...
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