Before opening a company in Cyprus, it is necessary to study in detail the tax legislation of this country, but it is best to take legal advice. Some businessmen open companies in Cyprus in order to obtain "economic citizenship." In March 2014, amendments to the Cypriot law were adopted, according to which direct investment in the Cypriot economy allows foreigners to undergo an accelerated naturalization process. Thus, investing in the economy of Cyprus an amount of from 2 million €, you can get an EU citizen passport and the right to visa-free visits to 150 countries of the world.
The ability to do business in the EU, but at the same time pay minimum taxes, is one of the main advantages of Cyprus offshore zones. Another argument for starting a company in Cyprus is the relatively small fee for maintaining "sleeping companies" (DormantCompany), which did not have significant transactions.
In order to open a company in Cyprus it is not necessary to visit the island in person. With a favorable set of circumstances, the registration procedure takes from 15 to 30 business days. Prior to the procedure, you must have:
1. authorized capital, the amount of which cannot be less than 1 thousand €;
2.two employees (accountant and director), as well as a shareholder;
3.Cypriot intermediary upon registration;
4.registered legal address.
As part of the implementation of European legislation, the accuracy of the submitted data is carefully checked during registration, therefore, the client will be required to provide detailed information about the future activities of the company, information about the founders, shareholders and beneficiaries.
To learn about this topic and not only you can here -
https://europa.eu/european-union/about-eu/countries/member-countries/cyprus_en
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