Geographic location:
Mediterranean Island
Population:
758,000
Native Language:
Greek / Turkish
Currency:
Cyprus Pound
Political Status:
Parliamentary Democracy
Legal System:
English-based Legal System

CYPRUS
COMPANY FORMATION

First Year
Incorporation cost USD 3,600

Second Year
Maintenance cost USD 1,800

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OFFSHORE COMPANY - CYPRUS
Cyprus possesses a strategic location at the intersection of the routes between Western Europe and the Arab world. So far, the Island enjoys the benefits of an association agreement with the European Union with regard to the establishment of a custom union and has applied for a full membership of the EU. It is a prosperous offshore financial centre that enjoys an open free market economy. The government of Cyprus has implemented significant tax incentives and very reasonable government fees. Cyprus has the advantages of 27 double tax treaties. Furthermore, Cyprus is renown for its efficient banking infrastructures and effective legal, accounting and administrative services provided by highly qualified professional sector.

Cyprus Offshore Company (IBC)
Cyprus Offshore Companies are owned by non-resident individuals in Cyprus who carry on business worldwide. An IBC benefits from a relatively low government fee at incorporation. There is no Annual Government fee. Benefical ownership is disclosed to the Central Bank of Cyprus only, which is bound by secrecy.