Cypriot Company Formation
Universal Company Incorporations has extensive knowledge and expertise in Cypriot company formation. Our team of local specialists will assist you will the local language, cultural differences, business practices and legalities to ensure a smooth transition into Cyprus for your business expansion.
Company Set Up Options
- Limited Company is the most popular format as its requirements are easily manageable and owners are protected from full liability
- A Branch is useful for getting a foothold in the country via a small business entity
- Limited Liability Partnership combines the flexibility and protection of a Partnership and Limited Company.
Offshore companies are incorporated in Cyprus but are not tax residents, and so are not subject to any Cypriot taxation. The offshore company must be managed and controlled, the majority of the directors should reside, and board meetings must be held, outside of the country. This allows the company to be considered a non-Cypriot tax resident and so exempt from any Cypriot taxation.
Universal Company Incorporations has experience with Cypriot regulations. We will help you to use the regulations to your advantage, giving you greater flexibility to compete in the market. Our contact with local lawyers and accountants keeps us up to date with any legislative changes and will ensure your complete compliance.
Banking Facilities and Financial Incentives
In terms of financial incentives, the Cypriot government is not particularly generous, although the country’s low-tax regime can arguably be seen as an incentive for foreign investment. The Larnaca free trade zone provides exemption from customs charges for companies located in the zone. There are also various grants and loans available for foreign investors in certain traditional economic and high-tech sectors, and concessional rates of Personal Tax for expatriate workers.
Our team at Universal Company Incorporations will help you set up a bank account suited to your business plans and ensure your transactions are being executed securely through the Cypriot banking facilities. We will also make sure that you take advantage of all the applicable financial incentives, saving you time and money.
Universal Company Incorporations have established a strong working relationship with a Cypriot recruitment specialist. With their help we will be able to understand your business and staffing requirements to expertly find the right employees to expand upon your core business in the country. We will help you navigate company and labour laws, and increase the productivity of your company through its expansion.