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Cyprus Company Formation, Main Benefits.

There is long list of benefits for the offshore companies who are registered in Cyprus. But here the best five benefits.

1-Cyprus is a tax incentive country. No withholding of tax on dividends. No capital gains tax.

2-Freely transferable accounts of any currency may be kept either in Cyprus or anywhere abroad without any exchange control restrictions.

3-The identity of the owners can be kept secret, and nominee shareholders may be used.

4- Housing and office accommodation are easily available at reasonable prices.

5-The professional and management services offered in Cyprus are of a very high standard.
I guess the major benefits are that this country is a member of the European Union and that Cyprus has the lowest corporate tax in Europe.

Further if you have a legal business you will have some great oportunities for tax planning.