Company formation in Cyprus has several benefits in store for the company holder. These benefits are exactly what are inspiring more and more people to start businesses on this beautiful island. There are two major reasons for foreigners to invest in Cyprus company formation;
The Cyprus investment programme
To qualify for this programme you need to invest 2 million Euro in Cyprus and you will then be granted instant EU or Cyprus citizenship. This is a very attractive offer since it generally takes you 7 years of stay before you are accepted as a Cypriot citizen but most investors prefer to also start a business since it gives them company formation benefits, the opportunity to get returns on their investment and they will also be obtaining a Cyprus permanent residence permit.
Property investments
Property is doing tremendously well in popular areas in Cyprus like Limassol and Paphos. When you invest in property as a company you also qualify for company formation benefits and you get to invest in one of the most beautiful locations in the world.
What are the benefits of Cyprus company formation?
Those that register a company and open a bank account in Cyprus qualify for plenty of great advantages like the following;
You pay less tax – This is probably one of the biggest reasons to start a company in Cyprus. You cut back on taxes in plenty of different ways such as the following;
- Tax exception on payment of dividends
- 0% tax on Dividends received
- 0% withholding tax on Dividend payments
- Full tax exception on payment of dividends
- Very low payable tax for those who reside in Cyprus for less than 180 days per year
- Low taxation of 12.5% for resident companies
- Double Tax Treaties
Access to financial services
As a business, you will get access to plenty of financial services like banks, online payments and a vehicle for International Tax Planning and use.
Low director requirements
You only need one director for company formation and the chosen director for your business can originate from other countries.
Few shareholders required
You only need one shareholder for Cyprus company formation
Investing in real estate as a property is a great solution for company formation
If you want to enjoy all of these low tax benefits then you can most certainly consider investing in real estate. Real estate investments of over 2 million Euro will also result in citizenship in Cyprus if that is your desire. Businesses in real estate like buy-to-let properties, hotels, villas, restaurants and more are also a superb investment type right now since the property is doing so well and is predicted to escalate in value a great deal in the near future.
Our Cyprus real estate attorneys can help you
When you are investing in property with the goal of achieving the benefits of Cyprus company formation you definitely need to use the assistance of our real estate lawyers in Cyprus. We can help you with all of the purchase negotiations, documentation, agreements, contracts and with the transfer of deeds and will also help you achieve the benefits of starting a business in Cyprus.
