Setting Up the Head Quarters in Cyprus

Cyprus is an ideal destination for global corporations to set up their premises:

• Government incentives for overseas companies such as:

•  Non-Domiciliation Rules (tax allowances for wealthy individuals)
•  Industrial & Personnel Funding Programmes
•  First Employment in the Republic Tax Allowances
•  Attractive tax system for international businesses

• Low set up costs
• Cheap high caliber personnel
• Excellent dividend regime
• Legal system based on common law & EU law
• Easy application of substance rules

Physical Presence

• Achieved by renting out fully flexed offices in Cyprus.
• Office overhead costs must be paid from the companies Cyprus bank account.
• Cypriot employees should be working at the company’s premises.

Company Formation & Administration

• A Cyprus company should be incorporated.
• Majority of the directors must be Cypriot Nationals.
• Subject to annual audit at the end of each fiscal year.

Taxes

• Profits will be taxed in Cyprus at 12.5%.
• Dividends received and paid will be tax-free.
• Payroll taxes will be paid monthly.

International Organisations Established in Cyprus

• Wargaming.Net (see video)
• Hundreds of Forex and Investment Companies (see related video)
• Hundreds of shipping companies
• Companies which have established their Head Quarters presence in Cyprus. 

Information about Cyprus

The Island (Wikipedia)