Administration Advantages of Registering a Cyprus Company
Cyprus Company Administration Benefits
There are a plethora of Cyprus company administration benefits for you with your Cyprus Company Registration. We list below some of the main benefits for your information. The list is not exhaustive. Some of the below, are major benefits not offered by other or not many other jurisdictions worldwide! Read them carefully.
1. Time Schedule For a Cyprus Company Registration
One of the first Cyprus Company Administration Benefits is that our Firm can complete your Cyprus Company Registration in 5-6 working days. This of course after the name of the company is approved. The Company Registrar will approve all the names. It goes without saying that this is very fast compared to any other EU jurisdiction and even many other ones worldwide. The registration of the company we can do in your absence! We do encourage our clients however to visit us at least once. They can meet us at our offices and have the opportunity to meet his bankers. This creates a better bond to secure a smooth banking relationship.
2. The Costs for a Cyprus Company Registration
Another big Cyprus Company Administration Benefit are the costs and fees. The costs of a Cyprus company registration are very reasonable. They are way too low than setting up a company in any other EU state. Our Firm offers a complete Cyprus company incorporation package. It offers all necessary documents and services to assist you attain you goals. And all this for a very client friendly fee. Our company registration package offer is probably the best on the market. Plus it includes all the services you require to operate your company. We promise that there are no hidden costs! We always come clean with our clients!
3. New Documents – Nominee Director – Nominee Shareholder
Obtaining new documents or certificates, such as a new Certificate of Incorporation or a Good Standing Certificate can be done in 24 hours. And in English and Appostilled! Cyprus legislation permits the use of a Nominee Director. Our Firm offers this service to our clients. This crucial service will cover the legal necessity for your company after its registration to be tax resident in Cyprus.
It will allow you to benefit the many tax advantages a Cyprus tax resident company can enjoy. A Nominee Director will sign an agreement with you. By this agreement the Director undertakes not to take any action unless he has written instructions by the Real Owner of the company. A Nominee Director offers you confidentiality from praying eyes too.
Further the Cyprus legislation allows the use of a Nominee Shareholder. A Nominee Shareholder will also offer you full confidentiality as your name, address, contacts etc are not shown. A Deed of Trust and Share Transfer Instrument will be singed for your security by the Nominee Shareholder. The Trust declares that the shares are in fact yours. The transfer instrument is signed with an open date. At any moment you can sign it put the date and transfer the shares into your own name. You can do this without the need to ask the consent of the Shareholder.
4. Share Capital – Worldwide Recognition – Low Maintenance Fees – Easy Bank Account
You do not have to pay in cash the share capital of the company at the time of incorporation. You will owe it to the company. This is a very important benefit. In cases where the capital can be millions it would pose a real obstacle. The capital can start from one euro and there is no maximum. You have to pay tax of 0.6% on the capital. This you pay only once. A Cyprus company on its registration is an EU company. As such it is acceptable by all countries all over the world.
A Cyprus company is not on any black list or any sanctions list. It is not a Tax Haven company but a low tax company! Its yearly maintenance costs are low compared to may EU and other jurisdictions. We offer a very concise maintenance package which includes administrative, legal and accounting services. You can open a bank account for a Cyprus company in every country.
5. Power of Attorney – Operate From Your Country – Easy Closing
It is possible for you to issue a power of attorney in your favor or in any other person nominated by you, for carrying out certain operations of the company. This is cheap and easy to do. It can give you power to manage the company`s day to day operations. Or to sign any agreements, deals, contracts for the company. Virtually to do everything!
You can have a virtual office in Cyprus as the business headquarters of your company. Also a dedicated telephone line, fax and email accounts. You can also have office space to meet clients if you require. A virtual office will also offer you a Utility Bill in Cyprus which is very important to banks and other corporations such as the PayPal.
You may without a lot of fuss close down a Cyprus company with a very simple low cost procedures without having to go through the voluntary liquidation proceedings which are time consuming and very costly.
It is easy for your to operate a Cyprus company from the comfort of your office in your own country. You don`t have to relocate to Cyprus or become a Cyprus resident or tax resident.
6. Fast EU Vat Number – Long Stay Visa – Re-Domiciliation
A Cyprus company registration, gives the right to you the Real Owner and your family members to a long stay visa. That is going to be for two years (renewable). Plus a work permit if certain terms are met. Cyprus legislation, the Company Law Cap 113, allows a Cyprus company to be re-domiciled abroad to any other country. You can get an EU Vat Number for your Cyprus company in 48 hours. There are many other perks and advantages when running your Cyprus company operations. The above are just the major ones. If you need any other advice please email or calls freely.
7. Easy and Fast Bank Account
Get a fast and easy Bank Account on the registration of your Cyprus Company. We can open a bank account for your company without you having to be present, in Cyprus or another country. Usual documentation. Time schedule of between 5 and 15 working days. Make it easy on yourself.