Cyprus Company, Banking & Corporate Services
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Set up a Cyprus Company
DeltaQuest offers a wealth of knowledge in terms of registering a Cyprus company, from administering the required documents to forming a corporate structure…
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Open a Cyprus Bank Account
DeltaQuest consultants are experienced in all aspects of Cyprus banking and can assist you every step of the way with opening a bank account…
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Immigrating to Cyprus
We specialize in advising and guiding individuals with regards to immigrating to Cyprus. Offering assistance with citizenship, work visas and residency permits…
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Accounting Services in Cyprus
DeltaQuest provide expert accounting services for individuals and companies, and can assist you in implementing the most effective accounting solution…
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Legal Services in Cyprus
Our lawyers specialize in various areas of law to ensure that our clients are provided with the most reliable and up to date information regarding the Cyprus legal system…
What My Cyprus Offshore offers
My Cyprus Offshore is a reliable and up to date informational resource, which aims to provide individuals and companies with valuable information on a host of areas. We specialize in company set up, Cyprus banking and bank account opening, accounting and audit services, real estate, law and legal services, and immigration. Additionally, My Cyprus Offshore provides guidance on; obtaining relevant financial licenses in Cyprus to enable the legitimate operation of your company, merchant account set up, and also Cyprus offshore trust formation. Through informing clients on the range of benefits available including favorable tax planning and avoidance of forced heirship rules, we can guide them on the most practical methods of achieving those benefits through utilizing our specialized services.
Our expertise and local knowledge of Cyprus is invaluable to clients both residents and non-residents. We aim to ensure your overall objectives and financial goals are met through comprehensive consultancy and utilization of our specialist services. From Cyprus company registration, to offering Cyprus banking and corporate services to help you manage your business effectively, we can help you with all your Cyprus offshore needs. With in-depth knowledge of the legal and tax system, we can also ensure that you obtain full optimization and improved tax planning for your financial assets, which can be achieved through Cyprus trust formation, accounting and audit services, Cyprus bank accounts and a host of other related methods.
Since joining the European Union in 2004, the country has developed a strong reputation as a solid financial centre, particularly due to its strategic geographical location between the Middle East, Europe and Asia – enabling effective international trade and communications. Many companies and individuals from across the globe seek Cyprus as the foundation to meet their wealth management and asset protection needs. Supporting high levels of anonymity, favorable tax planning and bespoke legislation for company formation and management, Cyprus offshore offers the complete solution.
Cyprus LLC
Cyprus offers investors the opportunity to establish their company within a successful international business centre that is part of the European Union and thus largely influenced by EU law. A major advantage of establishing a Cyprus LLC is the low corporate tax rate of just 10%. In order to register a Cyprus LLC, individuals or companies need to submit a completed official application form and relevant documentation, including the Memorandum and Articles of Association, to the Registrar of Companies.
The Cyprus LLC can be either limited by shares or by guarantee; in the case that it is limited by shares, there is a minimum requirement of 1 and maximum requirement of 50 shareholders. In addition, there is a requirement of at least 1 director for the company, who can either be a legal entity or a natural person. The minimum authorized share capital requirement for registering a Cyprus LLC is €1000.
The Cyprus Economy
In 2008 Cyprus adopted the Euro as its national currency, which assisted in improving economic circumstances significantly, reducing inflation to 4.7%. Since 2000 the Cyprus economy has experienced fast growth, at a rate well above the EU average. The economy is largely dependent on tourism, financial services and real estate. These areas are of great importance and have helped the economy to flourish and augment.
Cyprus upholds a politically stable environment and is a modern business and commercial center. Furthermore, Cyprus law is in full compliance with EU regulations, which helps the country to maintain its strong legal infrastructure, largely based on English law. The taxation system is favored internationally, and features the lowest corporate tax and one of the lowest income tax rates in the EU. Foreign investment is regarded as a vital component of the Cyprus economy and many investors choose to invest in Cyprus property.
Regulatory Bodies
There are three main regulatory bodies that oversee and govern the different types of companies and financial business entities that can be formed in Cyprus. The regulatory body for issuing Cyprus bank licenses, and which governs all Cyprus banking institutions, as well as other financial institutions, is the Central Bank of Cyprus (CBC). The CBC is responsible for standardizing and supervising all banking activity within the country.
Cyprus forex company formation and trading is becoming increasing popular, and this is particularly due to the respected and world renowned regulatory authority – CySEC. This regulatory authority exercises stringent rules with regards to the formation and administration of Cyprus forex companies. All companies, including Cyprus shipping companies and Cyprus LLC’s, are required to register with the Department of the Registrar of Companies. This regulatory body is responsible for the registration, follow up, control and striking off, of Cyprus companies. Bankruptcies and company liquation is also dealt with, as is all matters relating to intellectual property.
Investing in Cyprus
Cyprus is an attractive location for individuals looking for a place to invest their assets. As a full member of the European Union, it offers excellent investment opportunities for both EU and non-EU residents, and features a liberal investment environment. Since it became a member of the EU in 2004, the Cyprus Government has lifted many investment restrictions for non-EU residents, such as capital restrictions and limits on foreign equity. Non-EU investors can now invest freely in Cyprus in most sectors, including all types of portfolio investment and in the Cyprus Stock Exchange.
Foreign investors can perform a Cyprus company registration directly at the Registrar of Companies using the same procedure that applies for local residents. Investors can also acquire shares in an existing Cypriot company directly. Residents of EU member states are free to invest in property for commercial use, whilst non-EU residents are generally restricted to one property for private use.
We specialize in offering a range of company services to meet the needs of individuals and companies located across the globe.
