Cyprus business law

After this, the memorandum and articles of association of the company are prepared and submitted for registration to the registrar, together with details of the officers and shareholders of the company. It will take approximately five working days to obtain a company registration number and another five working days to obtain the company's corporate documents. Again, urgent cases can be serviced with a list of shelf dormant companies that are already registered.

Cypriot jurisdiction
Cyprus has a very advanced tax planning culture based on an extensive network of double taxation treaties. In recent years – following the accession of Cyprus into the European Union – a large number of international structures involve a Cypriot company. Cyprus at present features the lowest fixed corporate tax rate (10 percent) in the European Union and a very competitive VAT rate (15 percent).

As of the end of 2010 there were 237,372 companies registered in Cyprus, and 19,278 new incorporations in 2010. The Cyprus government recognises the importance of company formations and protects such services by maintaining low tax rates as well as other measures to attract foreign investors to the country.

Professional services

For more information Tonia Antoniou,+357 253 636 85, tonia@kyprianou.com.cy; www.kyprianou.com.cy