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Cyprus, officially the Republic of Cyprus is an island in the eastern part of the Mediterranean Sea south of the Anatolian peninsula Asia Minor or modern-day Turkey and to the east of the Greek islands of Rhodes and Kastellorizo. It is the third largest island in the Mediterranean Sea. The Republic of Cyprus is divided into six districts: Nicosia (the capital), Ammochostos, Keryneia, Larnaka, Lemesos, and Pafos. A former British colony, the Republic of Cyprus gained independence in 1960. Today the Republic of Cyprus is a developed country and a member of the European Union since 1 May 2004. |
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Cyprus Offshore Company
Formation - Requirements
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DIRECTOR:
Minimum of one Director. Corporations are permitted. (Local Director
available and adviseble) |
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SECRETARY:
A local Secretary is necessary (this is provided as part of the Registered Agent service). |
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SHAREHOLDER:
Minimum of one Shareholder. Corporations are permitted. |
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Shareholder(s) and director(s) may be the same. |
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SHARES & CAPITAL:
The standard share capital is CYŁ 1,000.00 divided into 1,000
shares of CYŁ 1.00 each. Bearer shares are not permitted. |
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NAME OF THE COMPANY:
Must end with one of the following suffixes: Limited or Ltd. |
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Other Information
About Cyprus Offshore Companies
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Status of the company: Cyprus
International Business Company (IBC). |
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Incorporation of Cyprus company takes
7 - 10 working days. |
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Cyprus companies pay up to 10% tax on profits generated in Cyprus, profits generated from the rest of the world are not taxed.
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There is requirement to file
financial and tax statements with the Cyprus authorities - a company is required to
keep financial records that reflect the financial position of the
company. Audited accounts to be filed at the end of every fiscal year. |
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There is requirement to file annual return with the Cyprus authorities.
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The Cyprus incorporation documents carry the names and identity of the shareholder(s), director(s) and secretary. As such the names appear on the public record.
To secure the anonymity of director and shareholder, the nominee
services are availeble.
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The object of the Company is to engage
in any act or activity that is not prohibited under any law. There
are no restrictions on doing business within or outside of Cyprus by
Cyprus companies. |
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Cyprus Incorporation
Package Includes |
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Certificate of Incorporation, |
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Memorandum and Articles of Association, |
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Appointment of the First Director, |
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Registered Office service to December
following incorporation, |
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Registered Agent service to December
following incorporation, |
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First year Government fees, |
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Share certificates, |
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The complete corporate package is
delivered by express courier. |
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Incorporation Fees For
Standard Cyprus Company Formation |
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Registered office - USD 650.00 |
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Registered agent - USD 650.00 |
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Incorporation fee (incl. government
registration fee) - USD 1575.00 |
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Total cost of incorporation - USD
2875.00 |
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Next year fees: USD 1300.00 +
government/tax/filing fees |
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