Company formation in Cyprus

The Republic of Cyprus – is a major financial center of Europe. Member of the European Union since 2004, Cyprus, with its modern infrastructure, sound legal system, a favorable tax regime, low crime level and a skilled labor force, is the preferred regional business hub for European companies. Cyprus has the lowest corporate income tax rate in the EU (10%) and operates the most attractive in Europe system of tax benefits. Cyprus – is a country with a stable political system and a stable economy.

Currency	Euro
Legal system	Case Law (based on English Law)
Languages	Greek, English
Forms of Companies	Private limited company Public company Company limited by guarantee Partnership Trust
Directors	The minimum number of directors: 1. The directors may be residents of any country. Meetings of the board may be held in any country. Info about directors is open to the public. For tax purposes appointment of local directors is strongly recommended.
Secretary	Must be local
Shareholders	Minimum: 1. Person or Company. Info is opened to the public.
Registered Office Address	Company must have Registered Office in Cyprus
Info about Beneficiaries	Not disclosed
Annual Fee	350 Euro
Annual financial report	Yes
Annual Audit	Yes
Taxation	Corporate Tax 10%
Readymade (shelf) companies	Available