Starting a new business in Cyprus

Are you interested in starting a new business in Cyprus, but you are not sure where to begin? We can assist you in the new venture, every step of the way.

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What we can do for you:

• Compare various business structures (for example, self-employed or company) to identify the best option for you
• Clarify the tax and other implications of starting a new business in Cyprus
• Assist in relocating an existing business to Cyprus
• Estimate how much the administration/accounting/audit of your new business will cost
• Provide general advice on a range of issues faced when starting a new business in Cyprus

Through our legal partners, we can offer company incorporation & administration services, making CBU a one-stop-shop for all your new business needs:

• Cyprus company formation (incorporation)
• Provision of company secretary, registered office, nominee directors, and nominee shareholders services
• Assistance with the company’s banking operations
• Trademark registration
• Business name registration

Tax advantages of opening a Cyprus company

• Cyprus company formation will enable you to benefit from one of the lowest corporation tax rates in the European Union (12.5%)
• Cyprus companies can offset profits in one year against losses in any of the previous 5 years
• Dividends paid by a Cyprus company to its owner can be fully exempt from tax
• One of the lowest VAT rates in the EU (19% or less)
• Double tax treaties are in place with EU countries, Russia, USA, Canada, China, India and a long list of other countries
• The only capital gains tax under Cyprus tax rules is on the sale of property located in Cyprus

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Other advantages of Cyprus

• As a member of the European Union, Cyprus benefits from all EU treaties and regulations, including (notably) the freedom of movement of capital
• The business language of the island is English
• Solid infrastructure and professional services
• Formidable political stability
• In the event of liquidation of a Cyprus company, exit for the shareholders is straightforward
• Cyprus company formation is a straightforward and quick process