Advantages Of Cyprus Company Registration

Advantages Of Cyprus Company Registration

Cyprus is one of the main offshore and onshore business centers in the world, with great business infrastructure and hundreds of offshore Cyprus companies. Cyprus is a beautiful place that is linked to almost every other place by air from either Lamaca International Airport or the Paphos International Airport. The excellent communication network is available to any and every Cyprus Company. The enviable telecommunications systems allow direct dialing from any phone to over many countries globally. This is augmented by an excellent postal and courier services provision to all destination on earth. The business prospects of any Cyprus company is stimulated by the regular passenger services with neighboring countries in the summer with the excellent network of roads providing internal transport within the island.

The first benefit of the Cyprus company registration is that there is only ten percent (four point two five for companies that were registered prior to the year two thousand and two) declaration of the corporate profit tax. The special provisions in the Cyprus Income Tax Laws specify that the net chargeable profits of taxation for Cyprus companies should be at the rate of only ten percent. In the concern of double taxation, Cyprus has made extensive double treaty agreements with over thirty four countries that include the United Kingdom, USA and the former Yugoslavia among many others. To add to the earlier mentioned benefits of low taxation, and no double taxation, no Cyprus Company is charged any licence fee on registration or thereafter; registration is at all times concluded in only five days

The other advantage of registering a Cyprus company is that all dividends to shareholders are exempted from tax unlike many countries. Additionally, directors are also exempted from the fifteen percent defense contribution so long as the direct holding minimal is 1% of the share capital of the overseas companies. The new tax laws also provide that half of the interest received by all Cyprus company registration be tax exempted aside from the interest receivable from the recipient's ordinary business or that which is connected to the recipient's ordinary business.

The other two advantages of the Cyprus company registration is that the offshore companies in Cyprus import various production needs duty free and the director of the said company may opt to be anonymous by using the available nominee services. The anonymity is sometimes very helpful in such case where ones assets are being traced for liquidation or other legal tussle in the international nations.

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