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Cyprus Company Registration

Cyprus financial services law and regulation fit perfectly the Forex and Binary options activities.

An Investment Firm (CIF) licensed in Cyprus (CySEC), can be used for the provision of investment services from Cyprus in all EU markets by simply passporting its license, while it can also offer investment services to third countries.
The services can be offered on a cross-border basis or by establishing a physical presence in the jurisdiction into which the services will be provided

Cyprus Company, ideal for:

Main characteristics of a Cyprus company:

Company Type Private Company limited by share.
Corporate legislation The Cyprus Bar Association is the governing authority and companies are regulated under the Cyprus Companies Law Cap.113.
Confidentiality Cyprus offers a high level of anonymity and privacy.
Accounting requirement Yes
Taxation Lowest taxation in Europe (10%). In  case of Holding company, the dividends received to the holding are not taxable. There is no withholding tax for non Cyprus share holders.
Legislation Modern offshore legislation
Standard Currency Euro
Time to form Cyprus has an efficient Registry : 4 days formation time
Stability Stable jurisdiction with very good reputation
Communication Efficient communication means
Time zone Convenient world time zone  GMT+2
Secretary required Yes
Paid up capital requirement No paid up capital requirement
Basis of legal System Under Common Law
Minimum shareholders / directors A minimum of 1 Director / Shareholder suffice for incorporation of a Cyprus company
Bearer shares Bearer Shares are not permitted when forming a company in Cyprus

Corporate taxes in Cyprus

Joining the EU in 2004 placed Cyprus as one of the most attractive business destinations in Europe. The tax rate for Cypriot companies is 10%, which is one of the lowest rates.

This rate is applied on all profits generated worldwide from the Cypriot company. If the company is operated solely as a “holding Company” (to hold shares of other companies); it will not be taxed. Accounting and auditing is compulsory every year.

To obtain a Cypriot tax identification number, it is required that most directors reside in Cyprus. Bethel Finance may provide local directors, through its nominee director service.

The following income is not taxable:

  • Dividends
  • Profits from the sale of listed securities
  • Interests not from ordinary activities or not directly related to the key activity of the company.
  • Possible deductions:
  • Donations to charity
  • Representation expenses
  • All expenses related to the maintenance of a building
  • Contributions to employers’ social insurance Expenses cannot be deducted from:
  • Maintenance of motor vehicles
  • Business taxes

VAT number for Cypriot companies
An intra-community VAT number can be obtained in Cyprus. The VAT rate is 17%, which is also one of the lowest rates in Europe. It becomes necessary to be VAT-liable if the turnover for the past year is over 15,600 Euros. Once the company is set up and its account opened, the VAT number can be obtained within 10 days.

TAX treaties signed

Cyprus has tax treaties for the avoidance of double taxation with more than 50 countries including

Azerbaijan, Armenia, Armenia, Austria, Belarus, Belgium, Bulgaria, Canada, Czech Republic, China, Denmark, Egypt, France, Germany, India, Ireland, Italy, Kuwait, Kyrgyzstan, Lebanon, Malta, Mauritius, Moldova, Norway, Poland, Qatar, Romania, Russia, San Marino, Serbia and Montenegro, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Sweden, Swiss Confederation

Εxchange of letters for the taxation of savings income between the Republic of Cyprus :

Aruba, Anguilla, Guernsey, Isle of Man, Jersey, Netherlands Antilles,  The British Virgin islands, Cayman Islands, the United Kingdom Overseas Territory of Montserrat and Turks and Caicos Islands have been signed

To start and register your company in Cyprus, just send us a short email to :