Cyprus Offshore Company

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Cyprus Offshore Company


Cyprus Offshore Company

(Year 2 Price onwards £999.00)

Cyprus is one of Europe’s key tax havens and is only a four-hour flight from the UK. It’s a popular destination for those wanting to avoid capital gains tax and is becoming increasingly popular as a home for setting up offshore company structures.

Why choose a Cyprus Offshore Company Formation?

Main features of Cyprus company registration

  • A minimum of one Director and one Secretary is required. A corporate entity, foreign or domestic, may act as a Director. Director’s information is available in the public record
  • A minimum of one Shareholder is required. Nominee Shareholders are allowed and widely used. A foreign corporate or individual Shareholder is permitted
  • Audited annual financial statements and annual return must be submitted to the Registrar of Companies in both English and Greek. Offshoreformations247 can arrange for the appointment of a local auditor
  • Cyprus features an EU-lowest 10% corporate tax rate over profits
  • If a company is incorporated with a Cyprus that does not require prior approval from the Registrar of Companies the incorporation process will take approximately 5-7 days
  • Offshoreformations247 maintains pre-approved Cyprus company Cypruss

Cyprus offshore company formation, nominees, bank accounts and mail forwarding

As specialists in Cyprus offshore company formations, whether you’re looking for a simple offshore company registration or a complex structure (including offshore Trusts), A1 Global Formations can help. We also provide a comprehensive range of admin services for Cyprus companies, including the provision of nominee director, nominee shareholder, bank account services and mail forwarding.

Our expert Cyprus company formation and company registration team has established affiliations with local Cyprus company agents and extensive knowledge of the legal requirements for company formation in Cyprus. We also guarantee that all company filing documents and fees are up-to-date and will notify you of any compliance changes in Cyprus.

If you require us to take over the management of your existing Cyprus offshore company, we can usually do so at no extra cost.

To speak to an expert Cyprus company formation/registration advisor, please call free

+44 0208 371 2440


What’s Included in The Formation Price:

  • Certificate of Incorporation
  • Certified bound copy of the Memorandum and Articles of Association
  • Registered office and agent fee for the first year
  • Government fees for the first year
  • Company Secretarial Maintenance for first year
  • Issued Share Certificate
  • Register of Directors
  • Appointment of First Director
  • Consent letters etc
  • Company Share Register
  • Company Seal

Cyprus Offshore Company


Additional Information for Jersey

Background to Cyprus Company Registration

Cyprus is one of Europe’s key tax havens and is only a four-hour flight from the UK. It’s a popular destination for those wanting to avoid capital gains tax and is becoming increasingly popular as a home for setting up offshore company structures.

Cyprus Offshore Companies and their Tax Liability

One of the key benefits of using a Cyprus offshore company is that Cyprus has double-tax treaties with well over 45 other countries, including most major Western’high-tax’ countries and most Central and Eastern European states.This is unusual for a tax haven and means that Cyprus is a very good choice for holding and investment companies. It’s also on the OECD ‘white list’ and has implemented numerous tax information exchange agreements.

Income tax rates vary from 20% to 30%, although there is a special 5% rate for pensioners and there is a generous 19,500 Euros exemption for each individual. However, the beauty of Cyprus for an offshore company formation is in the exemptions. All of the following are free of income tax:

  • Interest received by individuals
  • 50% of interest income of companies
  • Dividends
  • Profits of permanent establishments carrying on a trade abroad
  • Profits from the sale of shares
  • Income from employment services provided abroad to a non resident
  • employer

Cyprus has gained increased prominence due to its treaties with Eastern European countries. These enable a Cyprus legal entity to extract profits from Eastern European countries at a reduced tax rate or with no tax payable at all. This is thanks to the nil (or low) rates of withholding taxes on dividends, interest and royalties laid out in the treaties.

Given that many Eastern European countries are seeing increased inward investment, the interest in Cyprus companies (in order to take advantage of these low withholding taxes) is likely to continue growing.

The treaty with Russia, for example, allows a Cyprus holding company to incur withholding tax at 5% on dividends and royalties from a Russian subsidiary, rather than the standard 15%.In addition, the Cyprus company will be exempt from income tax on the dividend income and may be able to claim an exemption from the 15% defence fund contribution.

For companies, Cyprus imposes corporation tax on companies that carry on business or have an office or place of business (permanent establishment) in Cyprus. Cyprus now has a 10% corporate tax rate, which applies to all companies. This gives Cyprus one of the lowest corporation tax rates in Europe. Unlike the UK and the US the shareholders are not liable to income tax on dividends when profits are extracted from a company, although any resident shareholders must pay the 15% special contribution to defence (if you’re non-resident you’re exempt from this).

It’s also worth noting that a number of the treaties have tax sparing provisions. A tax-sparing provision means that, even if income is tax free in Cyprus, it can still be given as a tax credit in the other country as if it had already been paid (in other words, you get a tax credit without incurring the tax charge).These tax-sparing provisions are usually given by developed countries to developing countries to encourage investment and economic development. The types of situations where this will be given is where tax is paid in the UK or Canada on interest on a loan that is used for economic development in Cyprus.

Cyprus Offshore Company Banking

Offshore Formations 247 can incorporate Cyprus companies with a choice of offshore bank accounts at the time of formation. We work closely with a number of banks, including FBME bank in Cyprus. Combining the two saves time and couldn’t be simpler.

Cyprus Offshore Company Formation / Registration

Offshore Formations 247 are able to offer every type of offshore company except those that are operating in banking and banking services which must be licensed. Company formation normally takes 5 days, though Off The Shelf companies are available should your requirements be more immediate.


Type of company International
Political stability Good
Common or civil law Common
Disclosure of beneficial owner No
Migration of domicile permitted Yes
Tax on Offshore Profits Nil
Language of name Latin and other alphabets


Minimum numbers of shareholders / members 1
Minimum numbers of directors / managers 1
Corporate directors / managers permitted Yes
Company Secretary required Yes
Usual authorised capital US$ 5,000


Registered office / agent Yes
Company Secreatary Yes
Local directors No
Local meetings No
Government Register of Directors / Managers Yes
Government Register of Shareholders / Members No


Annual Return Yes
Submit Accounts No (by resolution)


Minimum Annual Tax/License Fee US$ 300
Annual Return Filing Fee Nil

Administrative Additional Services*

*Please note that some ofthese services may be a requirement for particular jurisdictions. Contact us to learn more.

Professional Director

A Professional Director is a third party, who is appointed to act as a Director of a company.

Professional Shareholder

Professional Shareholders are usually required by clients seeking legitimate confidentiality of ownership..

Telephone Answering

Clients wishing to give the impression that their company is based in the UK or has a UK office.

Mail Forwarding

Enhance your business image whilst at the same time fully protecting your true identity and location

Offshore Banking

Offshore account for your company with our International Banking Partners.

Accounting Services

Provision of accounting services for your offshore company.

Trusts & Foundations

Ensure your assets are passed to beneficiaries of your choice.

Wealth Management

Offshore investment advice. Ensure your offshore funds are invested.

Related Services

Special Packages

A selection of special packages at discounted rates based on popular products and jurisdictions.

Offshore Banking

Select from a range of Offshore Banking solutions for your personal and business needs.

Additional Services

We offer specialist and comprehensive additional services to cover all of your corporate needs.

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