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Cyprus Company Formation

CYPRUS

Type of Entity: Private company limited by shares, Exempt private company, Public company limited by shares,
Type of law: Common Law
Shelf company availability: Yes
Incorporation time frame: 10 to 30 business days (depending on registrar of companies)
Minimum Government fees: Not applicable
Regular Corporate Income Tax: 12.5%
Double Tax Treaty access: Yes
Minimum issued share capital : No minimum legal requirements, but the minimum recommended is EUR1,000
Minimum paid up share capital on incorporation: No requirements
Minimum number of Shareholders required: One
Bearer Shares: No
Nominee Shareholders Permitted: Yes
Minimum number of directors: One
Corporate directors permitted: Yes
Local directors required: No, but advisable for tax residency purposes
Local meeting required : Anywhere, but Cyprus is advisable for tax residency purposes of tax residency
Company secretary required : Yes
General Meetings of Shareholders: Yes
Local Registered office required: Yes
Tax residence to benefit from Tax Treaty network: Yes
Exchange Control: No
Disclosure of beneficial owner to Company Registrar: Yes, kept by the Cyprus Registrar of Companies (“ROC”)
Government register of directors: Yes (in Cypriot registrar of company)
Annual return: Yes
Submission of accounts: Yes
Audit: Yes
Change of domicile Permitted Yes

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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