Company Formation Services
Corporate Taxation In Cyprus
Advantages to Register In Cyprus
Cyprus offers one of the most attractive tax regimes in Europe. A member of the European Union since 2004, Cyprus’ regulatory regime is in full compliance with the requirements of the EU and OECD. Cyprus has one of the lowest corporate tax rates in the European Union at 12.5%. The island’s advantageous tax rate coupled with an extensive list of double tax treaties places it high on the list of preferred jurisdictions for international tax planners.
All Cyprus tax resident companies are taxed on their income accrued or derived from all chargeable sources in Cyprus and abroad. A non-Cyprus tax resident company is taxed on its income accrued or derived from business activity carried out through permanent establishment in Cyprus and on certain income arising from sources within Cyprus.
A company is considered as resident in Cyprus if it management and control is based in Cyprus.
Foreign taxes paid can be credited against the corporation tax liability.
Corporate tax rate for all companies is 12,5%.
|Type of income||Exemption limit|
|Profit from the sale of securities||The whole amount|
|Dividends||The whole amount (*)|
|Interest not arising from the ordinaryactivities or closely related to theordinary activities of the company||The whole amount (**)|
|Profits of a permanent establishmentabroad, under certain conditions||The whole amount|
(*) Dividend income may be subject to Special Contribution for Defence;
(**) Interest income is subject to Special Defence Contribution;
Fixed Annual Levy
On 26th August 2011 The House of Representatives of Cyprus announced a fixed Annual Levy of €350 per annum on all companies which is payable by the 31st December each year. Non-payment of the levy may result in deregistration by the Cyprus Register of Companies.
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Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your application.
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Our Company Services
Services we DO and Services we DO NOT DO
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency business activities.