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Business in Cyprus

Cyprus Company Formation Miracles

Cyprus Company Formation is an EU entity. It is not a tax haven company. It is not on any black lists and it is acceptable in any country such as Russia, the US, China, everywhere in the EU etc.  In addition, Cyprus Company can carry out any activities it likes. There are no restrictions on that.

You can get documents very fast and at reasonable prices, compared for example to jurisdictions like Delaware, or Hong Kong, or Panama and some Tax Haven Jurisdictions. You can open a bank account almost in any country for a Cyprus company and much more.

A Cyprus company pays only 12.5% tax on its net profits, 0% tax on profits from trading in shares and other securities. Furthermore 0% tax on sale profits of real estate abroad, 2% tax only on profits/rights from patents, music, films, football , and other IP, 0% tax on interests earned.

You pay 0% tax on profits of permanent establishments abroad such as hotels, chains or restaurants, factories, chains of shops etc. and still has many other advantages. Vat tax in Cyprus is only 19% and Social Security tax on employees is 22%.

Generally the tax environment in Cyprus is very flexible and friendly to foreign investors.  With a proper tax optimization scheme legal in every way, in some cases we can reduce the tax to as low as 4%!

Please feel free to contact us for more info or visit our partners E.R Team Global Consultants  to read more on the topic.

Cyprus Bank Account Opening

Our collaborative firm are experts, specialized in banking and opening accounts specifically for foreign clientele.We have a very high record of success, of over 90%. Only extreme cases are rejected, or cases where the applicant does not support his application.

We can open a bank account for you at various banks. Our firm is an official introducer for several banks in Cyprus and Internationally. We recommend the Piraeus Bank Cyprus.

Normally the time required to open the account is about 3 weeks if you are fully cooperative. However, if the bank asks for more information or documents it may take longer.

Your presence will not be required. Everything is done by email, fax and courier in order to save your time and your money. In some cases the Banks may require a Skype conference.

Please feel free to request more information if you like or visit E.R Team Global Consultants website to read more on the subject.

Other Various Services

Our official partners E.R Team Global Consultants can offer you a variety of services.

Services provided include virtual offices and merchant accounts, creation of a trust or foundation, accounting and auditing services.

Furthermore our affiliates will be more than happy to assist you on legal and tax planning matters in order to maximize your profits and minimize your expenses.

Contact our agency for more information or visit our associates website which is mentioned above for an extended reading on the topics.

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    € 100.000 to € 10.000.000