What are the types of companies that can be incorporated in Cyprus?

Cyprus offers various company structures, including Limited Liability Companies (LLCs), offshore companies, partnerships, and branches of overseas companies, each with distinct characteristics. We assist in determining the most suitable structure based on your business goals.

What are the tax advantages of incorporating a company in Cyprus?

Cyprus offers a competitive tax system, including a low corporate tax rate of 12.5%. Additionally, it provides various tax incentives, such as exemptions on dividends, interest, and capital gains, making it an attractive jurisdiction for businesses.

How long does the company incorporation process in Cyprus take?

The duration can vary depending on the type of company and specific circumstances. Typically, the incorporation process takes around 10 business days once all necessary documentation is submitted and requirements are met.

What documents are required for company incorporation in Cyprus?

The required documents may include identification and proof of address for shareholders/directors, company name and details of business activities. Our team guides you through the document preparation process.

Do I need to be present in Cyprus to incorporate a company?

No, physical presence is not mandatory for company incorporation in Cyprus. We can handle the process remotely, facilitating all necessary steps and documentation.

Can foreign nationals or non-residents own a company in Cyprus?

Yes, Cyprus allows foreign individuals or entities to own and operate companies. There are no restrictions on foreign ownership, making it a welcoming destination for international businesses.

What ongoing compliance requirements are there for companies in Cyprus?

Companies in Cyprus are required to fulfill annual obligations, including filing annual returns, maintaining accounting records, audit, holding annual general meetings, and paying taxes. Our team provides these services and guidance to ensure compliance with these requirements.

How does Amberkava ensure confidentiality and security during the incorporation process?

At Amberkava, client confidentiality and security are paramount. We adhere to strict confidentiality protocols and employ secure channels for handling sensitive information, ensuring the highest level of privacy for our clients.

Does Amberkava offer post-incorporation support and additional services?

Yes, our services extend beyond company incorporation. We provide ongoing support, corporate services, legal counsel, tax planning, and advisory services tailored to meet your evolving business needs in Cyprus.

What are the advantages of using a professional service for company incorporation in Cyprus?

Partnering with professionals like Amberkava ensures a streamlined process, expert guidance, compliance with legal requirements, accurate documentation, and a hassle-free experience, allowing you to focus on your business growth.

What are the tax implications of operating an IT business in Cyprus?

IT businesses in Cyprus are subject to a corporate tax rate of 12.5%, which is one of the lowest in the EU. Additionally, there are a range of tax incentives and exemptions available to IT businesses, such as full exemption on profits generated from the disposal of intellectual property.

What are the VAT regulations for IT services in Cyprus?

In most cases IT businesses in Cyprus are subject to VAT regulations, with a standard rate of 19%. Although reduced rates of 5% and 9% apply to certain goods and services. IT businesses providing services to customers in other EU member states are also subject to EU VAT regulations.

What banking and financial services are available for IT businesses in Cyprus?

Cyprus has a well-developed banking sector, with a range of of local and international banks operating in the country. In addition, alternative finance options such as crowdfunding and peer-to-peer lending are also available.