Hello folks!
I will be opening a Cyprus company within short.
I get paid royalties by a US company which makes Cyprus perfect thanks to the tax treaty with the US, so no withholding tax.
For this reason, my company will be a onshore copmany at Cyprus, I will not live there however.
Because of this, I will need a nominee director etc on Cyprus. I got questions about what it costs however.
I've been talking with a few of the bigger companies like PWC, OCRA etc. Based on the numbers they gave me, it's pretty damn expensive! Not to incorporate, I don't care aobut that one time fee, but the yearly costs of keeping your company running there seems pretty crazy, if I should belive their numbers.
It's the secretary, office, director, complience fees, audit, accounting, all of that would basically cost me €6-8k a year with 300 transactions. Even if we cut out the accounting costs, say outsource that cheaper to a freelancer, it would still cost a bunch.
I would like to hear your experiences with this, people that do run a onshore company at Cyprus?
I will be opening a Cyprus company within short.
I get paid royalties by a US company which makes Cyprus perfect thanks to the tax treaty with the US, so no withholding tax.
For this reason, my company will be a onshore copmany at Cyprus, I will not live there however.
Because of this, I will need a nominee director etc on Cyprus. I got questions about what it costs however.
I've been talking with a few of the bigger companies like PWC, OCRA etc. Based on the numbers they gave me, it's pretty damn expensive! Not to incorporate, I don't care aobut that one time fee, but the yearly costs of keeping your company running there seems pretty crazy, if I should belive their numbers.
It's the secretary, office, director, complience fees, audit, accounting, all of that would basically cost me €6-8k a year with 300 transactions. Even if we cut out the accounting costs, say outsource that cheaper to a freelancer, it would still cost a bunch.
I would like to hear your experiences with this, people that do run a onshore company at Cyprus?
