The company EXPERT SM assists in the registration of the following types of legal entities in Cyprus.

• Ltd (IBC) (LLC, announces a registered capital of 1,000 euros, from 1 founder, from 1 director, official secretary)
• Investment funds, trusts
• Representative office / branch of a foreign company in Cyprus (A. Cap. is missing)

Documents required for company registration:

• Information about the founder (founders) and the director (directors) of the company: full name, date and place of birth, place of residence, copy of foreign passports *, personal data.
• If the founders are legal entities, the statutory documents of the company and the decision to establish a subsidiary / representative office will be required *
• Name, structure, distribution of shares of the created company

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*- notarized and translated into English language

Company registration term:

• Ltd – 15-16 days.

• Representation/branch of a foreign company in Cyprus-15-25 days.

EXPERT SM also provides assistance in:

• Opening a bank account (possible without presence)
• organization of accounting of the company
• providing ready – made companies
• company official secretary, provided by us (required)·
• company legal address (required)
• business address of the company (with sending documents)
• annual audit (required)
•  accounting (for companies registered with VAT, conducting trade operations in Europe) – quarterly
• nominee director of the company
• nominee shareholder of the company
• execution of a general power of attorney with an apostille
• execution of an additional package of documents certified apostille
• getting a VAT number
• providing an equipped office / secretarial service for the company
• obtaining the licenses necessary for the activities of the company under the laws of Cyprus.
• applying for a work permit in Cyprus
• Registration of a residence permit in Cyprus for pensioners

Taxation:

• Income tax – 10%
• VAT – 5% (reduced tax), 15%

Possible tax statuses of the company (determined by the board of directors of the company):

• Resident company (subject to a double taxation avoidance agreement, pays all local taxes, is managed and controlled from Cyprus)