Cyprus has one of the lowest corporate income tax rates in the European Union, with a rate of 12.5%.
The Cyprus tax system favourable tax provisions and wide network of double tax treaties to avoid being taxed on profits twice have helped to establish Cyprus as a renowned international business centre chosen by many investors as a base from which to conduct their business.
|Shelf Companies Available||Yes|
|Type of Company||Limited, Ltd|
|Legal System||Common Law|
|Nominee Shareholders Permitted||Yes, natural person or corporate entity|
|Minimum number of Directors||1, natural person or corporate entity|
|Non-Resident Director||Permitted, not advisable for tax residency purposes|
|Minimum number of Shareholders||1, natural person or corporate entity|
|Minimum share capital||€1.00|
|Company Secretary Required||Yes, natural person or corporate entity|
|Registered Office Required||Yes|
|Public Filings||Yes of Director(s), Secretary(s), Shareholder(s), Issued Share Capital, Memorandum and Articles of Association|
|Public Filing of Beneficial Owners||No|
|Financial records kept by Director||No|
|Audited Financial Statements||Yes|