Cyprus is an island located in the Mediterranean Sea and it is a very popular jurisdiction for offshore companies. The island is a famous touristic location and it has a very progressive economy. The support of offshore companies is further boosting the economy of Cyprus.
Because of its location on the border of Europe and Asia, Cyprus is very popular amongst both Europeans and Asians investors. There are various advantages in registering an offshore company in Cyprus. One of the main advantages is the extraordinary privacy protection and the limited liability. Cyprus is legitimate member of the European Union and it has the lowest tax rates on the territory o Europe. The offshore companies registered on Cyprus are required to pay 10 percent of the net profits for taxes. Exception from these rules are the companies which are not managed within Cyprus.
On Cyprus we can find a number of professional agencies that offer services of offshore company registration, consultation, taxation and accounting and auditing services. The services of these agencies are not cheap but they worth the money invested because they can deliver fast and accurate work results.
After the registration on an Cyprus offshore company we will be the owners of a number of certificates like the Share Certificates, Articles of Association and the Certificate of Incorporation. These certificates will prove that we are the legitimate owners of the offshore company. After a successful registration we can appoint a citizen of Cyprus as a secretary. This step is not required but it is recommended by the registration agencies.
