How To Start Offshore Company Setup In Cyprus?

OFFSHORE COMPANY SETUP CYPRUS

Cyprus’s coherent legal system which is a mixture of legislative statutes and case law based upon the English Common Law, the low cost of living, the high quality of professional services and labor force, greatly generous tax incentives due to its favorable tax regime and its wide network of double tax treaties contribute determinedly in creating a supreme business environment, as demonstrated accordingly by the substantial increase within the island of International Business Companies (IBCs) and Cyprus holding companies formerly known as offshore companies.

 

INFORMATION REQUIRED REGISTERING A COMPANY IN CYPRUS

  • Name of the company
  • Objects of the company
  • Bank reference
  • Passport copy
  • Utility Bill

STRUCTURE OF COMPANY

  • Shareholders
  • Directors
  • Secretary
  • Registered Office Address

BENEFITS

  • Tax Minimization
  • Offshore as a Holding company
  • The high degree of privacy

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Mainland Company Setup

Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.

Presently, there is no requirements to deposite the share capital in UAE local bank.

Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space