COMPANIES REGISTRATION AND BANK ACCOUNTS
SAFE BUSINESS?
THINK CYPRUS
REGISTER A COMPANY?
OPEN A BANK ACCOUNT?
WE HERE TO HELP!
A business will always need new horizons and a fresh market, and that could mean having to leave
the home, to set up your new base. Knowing the right place beforehand gives assurance. A budding
Mediterranean Island that is at the forefront of Europe’s “vacation” destinations, Cyprus has succeeded
in maintaining its culture, while becoming THE place for business in Europe.
SO, WHY
SOLID LEGAL SYSTEM
CYPRUS?
very straight-forward, easy and hassle-free, letting you
The Cypriot legal system is built on English Common
Law, one of the most used and universal legal systems
in the world. English Common Law is also arguably
the most business-friendly legal system in the world.
Backed by uncountable number of case lawand eq-
uity, Common Law has particular branches, legislation
and tools, which are tailor-made for businesses, which
makes transactions and bargains very secure, and
highly predictable, fair, and clear in any outcome, good
or bad.
RESPONSIVETAX SYSTEM
The Cypriot tax system is ideal for investors, boasting
one of the fastest growing economies in the EU. The
newly instituted tax incentives that startups, SMEs and
intellectual property, will certainly be a boost to anyone
looking to set up shop in Cyprus. The single tax rate of
12.5% for companies is one of the lowest in the EU.
ALSO!
Cyprus incredible resilience and business acumen saw
her established herself as a high-income country, with
a very healthy GDP, falling unemployment rates and a
booming service sector in just three years.
To set up a business requires presence and Cyprus fa-
cilitates that for you by making its residency procedure
24
get a permit in as little as two months.
Compare it to other countries like the UK which re-
quires five years of residence in the UK before you can
apply for permanent residence.
In Cyprus, a private limited liability company can be
started with a minimum share capital of just €1000,
and can be established by even a single person. Cyprus
also boasts some of the lowest tax and VAT rates in
the EU, with considerable tax advantages on dividends,
disposal of trading securities, liquidation, corporate tax,
withholding tax, and group loss relief.
AND!
All the advantages of the island will not make much
sense if the banking system wasn’t just as good and
investor-friendly. As simple as a few clicks and forms
online, to filing hassle-free paperwork.
Companies registered in Cyprus also have the peculiar-
ity of being able to open and use accounts in both local
and international banks, as far as the banks are in the
Eurozone.
* I n some cases, the banks may ask for full
Know Your Customer (KYC) verification and
tax declarations for the last two years, BUT!
Do not fret, we have that covered too.
For more informa-
tion or to register a
Company, open a
Bank accounts and
everything else please
get in touch with our
expert for inpar-
tual and professional
advice.
Email:
[email protected]
Phone:
(+357) 97649787
Visit our website:
www.macsads.com/
en/investments