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| Why Cyprus? |
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More and more foreign companies are recognizing the advantages of transferring their base from foreign, non-tax favourable jurisdictions to a more attractive tax regime in Cyprus. A company can transfer to Cyprus and continue doing business with no need to suspend, terminate or dispose of its operations. |
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At the same time, following re-domiciliation, the company becomes eligible to enjoy the benefits of the Cyprus tax regime, which include:
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- No capital gains arising from re-domiciliation
- Corporate income tax 10% flat, lowest in the EU
- Tax exemption on dividends from qualifying subsidiaries (participation exemption)
- Gain on sale of securities and derivatives are exempt from taxation
- No withholding taxes on payment of dividends, interest and royalties
- Tax losses carried forward indefinitely
- Capital gains arise only on property situated in Cyprus
- No substance, debt/equity, CFC or thin capitalisation rules
- No tax on liquidation of Cyprus company
- Full adoption of EC Directives
- OECD white-listed country
- Extensive tax treaty network with over 40 countries
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The currently enacted legislation of Companies Law Cap. 113, provides that foreign companies can be re-domiciled in Cyprus and that Cyprus registered companies can be re-domiciled abroad. |
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Company Re-domiciliation |
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- Foreign companies may be re-domiciled in Cyprus as a continuing company in accordance with Cyprus law
- Old holding company is not liquidated, but continues as a Cyprus company
- Benefits of the Cyprus regime are applied to the now new Cyprus company
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What can Amicorp Cyprus offer you? |
- A full range of services for re-domiciliation of companies
- Management services including professional director services, company secretary and registered office
- Day-to-day company management and administration
- Preparation of legal and corporate documents
- Certification services
- Accounting, bookkeeping, tax compliance and coordination of auditing services
- VAT registration and filings
- Banking services and cash management
- Payroll administration and invoicing, tax and legal support
- Virtual office and office space leasing services
- Brass plate agreements
- Coordination with Amicorp offices worldwide for the incorporation of foreign entities/structures
- Local support services
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| For more information contact: |
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| Elia Nicolaou |
Amicorp Cyprus
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| e.nicolaou@amicorp.com |
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Download this article
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| Also read this in Spanish |
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