COMPANIES REGISTRATION AND BANK ACCOUNTS
/ safe business /
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 CYPRUS?
SOLID LEGAL SYSTEM
The Cypriot legal system is built on English Com-
mon 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 la-
wand equity, Common Law has particular branches,
legislation and tools, which are tailor-made for busi-
nesses, 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
facilitates that for you by making its residency pro-
• 2018 EDITION
cedure very straight-forward, easy and hassle-free,
letting you get a permit in as little as two months.
Compare it to other countries like the UK
which requires 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 securi-
ties, 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
peculiarity of being able to open and use accounts
in both local and international banks, as far as the
banks are in the Eurozone.
x For more information or to
register a Company, open a
Bank accounts and everything
else please get in touch with
our expert for inpartual and
professional advice.
Email: [email protected]
Phone (+357) 97649787
Visit our website:
macsads.com/en/
investments
*In some cases, the banks may ask for full Know
Your Customer (KYC) verification and tax declara-
tions for the last two years, BUT! Do not fret, we have
that covered too.
93