Cyprus company formation
We work in Cyprus sice 2005
WHY CYPRUS
Company formation in Cyprus
The prices are without VAT (19%) and are intended for professional intermediaries only.
NO NOMINEE SERVICE INCLUDED
1790 €
one-off
5.000 EUR share capital
INLAND REVENUE TAX REGISTRATION
SECRETARY
250 €
Related services
ONE NOMINEE CORPORATE BODY
(PER ANNUM)
500 €
ONE NOMINEE PRIVATE PERSON
(PER ANNUM)
700 €
REGISTERED OFFICE
(PER ANNUM)
250 €
Download our price list
Cyprus companies: how they are exploited now
There are many reasons why entrepreneurs used to settle Cyprus companies. But nowadays one should be very careful applying old schemes. Still there are several variants how Cyprus companies can be used for tax planning.
Investors Scheme
Permanent Residency Scheme and Citizenship Scheme
Corporate Relocation Services
THE TWO STAGE PROCESS OF RELOCATION
COUNTRY OF ORIGIN
As with any tax planning exercise, before we move on to consider the tax considerations at the country of destination, the tax implications in the country of origin of the HNWI need to be considered. In brief, the same could be summarized as follows:
1) Do any exit taxes apply?
2) Do recapture rules apply to any income realised after migration?
3) Are there any specific tax rules to retain individuals?
4) Are there any reporting obligations?
All the above will have to be examined in the country of origin by the individual willing to migrate to another country preferably with the assistance of a tax consultant. As regards Cyprus, any person who has relocated in Cyprus and subsequently, for any reason wants to leave Cyprus will not have to pay any exit taxes and no recapturing rules will apply, making exit from Cyprus easy and effective.
COUNTRY OF DESTINATION
Moving on to the country of destination, the following considerations should inter alia be considered:
1) What are the tax residence criteria under domestic tax laws?
2) What are the available methods to avoid taxation in case of dual residence?
3) What are the main types of personal taxes applicable to individuals in the country of destination?
4) Are there any specific tax rules to attract individuals such as special regimes for new residents, tax holidays etc?
5) How is the profit from investments, including dividends, interest, capital gains and rental income taxed?
6) Do any wealth or succession taxes exist?
7) Are there any wealth structuring tools in the country of destination?
8) Are there any reporting obligations as well as voluntary disclosure programs and what are the mechanism available to tax authorities for the exchange of information?
General partner of the company
Vita Liberta Limited
Konon Sergey
Professional experience
2012-2016: Bank of Asia, Russia, Vice President of international Business (responsible for the development of two departments: international correspondent banking department and international corporate clients’ department).
2016 - present - founder and General partner of Vita Limirta Limited company.
Excerpt from the speech of Mr. Konon Sergey at the IV-th annual conference "Practice of international tax planning. Actual issues ", 2011.
Mobile: +7 (926) 920 55 51
Cyprus office: +357 24 000215
Moscow office: +7 (495) 545 90 98
Telegram/what's up/viber: +7(929)9081047
Skype: ygrtima
Disclaimer
The information contained in this web page is intended as a guide only and every reasonable effort was made to ensure the accuracy and timeliness of the information.
In no circumstances shall we be legally bound by any information contained in this document, and we shall accept no liability in respect of loss caused by reliance on such information.