Private company limited by shares is a limited liability company very similar to our LLC. The number of participants determined by the charter is fully responsible for the activities of the company. The rest of the shareholders are responsible for it only within the limits of their authorized share. Open sale of shares to third parties is prohibited.
Cyprus is a white jurisdiction, not included in the “black list” of the Ministry of Finance of the Russian Federation.
Cyprus companies are allowed to receive dividends taxed with a zero interest rate.
- Availability of nominee service. It is possible to use tax preferences and get a VAT number;
- Trust management (companies registered in Cyprus can be founders of subsidiaries outside the EU);
- Elimination of double taxation;
- Low income tax.
Income tax in Cyprus is 12.5%.
Value Added Tax (VAT) – 19%. It occurs when working domestically, when selling to European individuals and when selling to European companies that do not have a VAT number.
Directors can be both local and foreign, both individuals and entities. The services of a nominee director are included in the cost of registering a company.
Services and prices
Registration of a company
The cost of registering a company with a nominee service is 2500 EUR.
- Company registration, including payment of state fees;
- Legal address for one year;
- Preparation of statutory documents;
- Company secretary (individual) for one year;
- Company’s stamp;
- Apostille of documents;
- Nominee director for one year.
UK payment system was established in 2017. UK payment system is a neo bank that provides broad transactional opportunities for companies around the world.
- Remote account opening;
- Local, regional and international payments;
- Opening an account in the UK;
- Payment accounts;
- Internet banking;
- Issuance of business cards in VISA and Master Card systems;
- E-commerce gateway with CMS integration;
- Multi-currency accounts;
- The ability to open an account with an IBAN assignment;
- SWIFT, SEPA systems are available.
- Disclosure of 100% of the shareholders.
Make a request, the manager of Tailor-Made Solutions will contact you within one working day and consult you on any questions
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