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.

 Basic Features
Shelf Companies Available Yes
Type of Company Limited, Ltd
Legal System Common Law
Re-domiciliation Permitted
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
Bearer Shares No
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
 Annual Requirements
Audited Accounts Yes
Annual Returns Yes
Financial records kept by Director No
Audited Financial Statements Yes
Tax Returns Yes
Government Fee €350.00