Search results

Practically there are no such tax issues in Cyprus according to my knowledge. The only notable points in Cyprus Tax systems are defense levy taxes and high rate of Capital gain Tax(20%). But all the gains made from investment business are fully exempted from Capital Gain Tax. The defense levy...

The Bank Account, which is opened in a Bank located outside the country of residence of the Account holder, is called as “Offshore Bank Account”. Generally an Offshore Bank Account is opened in a low tax jurisdiction or tax heaven that provides financial and legal advantages. In case of a...

In simpler terms "Business modules" are "Theories in Business". They are set of guidelines for the entrepreneurs to understand a business scenario. Depending on the situation, certain modules can be stated as tactics that are used in the Business world to overcome certain challenges a company...

LC stands for Limited Company. It is a Company limited by shares in which there is no restriction on the maximum number of shareholders, transfer of shares and acceptance of public deposits. The liability of each shareholder is limited to the extent of the unpaid amount of the shares. Where as...

To register a Forex trading Company and obtaining a forex trading license in Cyprus, you need nearly 1895 Euro. The cost includes the registered office address and registered company secretary services, nominee services if applicable. Reporting of the annual report is not included but need to be...

To register a Forex trading Company and obtaining a forex trading license in Cyprus, you need nearly 1895 Euro. The cost includes the registered office address and registered company secretary services, nominee services if applicable. Reporting of the annual report is not included but need to be...

An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction or tax haven that provides financial and legal advantages. So to open an offshore Bank account you need to take prior approval from the country' Central Bank (RBI in case of...

You need to pay an initial amount of $1975 as registration fee. After that there are some annual fee of $ 3340. The details of fee divisions are given below. Company secretary (required by law) costs, in Euro395-USD 525 Registered office (required by law) costs, in Euro395- USD 525...

First you have to register your company with a name after paying a fee of $1975 USD. The registration fee includes the following fees. Apostilled registration documents and shareholder certificate. Official Company certificate. Memorandum of articles and registration certificate Cyprus...

There are several ways to start a software company in Cyprus. You can apply for a company formation under IBC law in Cyprus that offers 0% tax on your profits. But it is better to contact a consultancy firm engaged in Cyprus for such specific process.

A Ready Made company formation can also be termed as a Shelf Company or a Stock Company. Such ready-made-companies are earlier being registered with all formalities such, registration fee payment, local government clearance, Bank Accounts, and Tax payment Id etc. The reason for formation of such...

Here are those important information needs to kept and recorded:- Accounting records must be kept by every company in Cyprus. Annual audited financial statements. It must be submitted to the Inland Revenue and Registrar of Companies in Cyprus. Details of Tax Paid annually after adjustment...