Cyprus Company Formation, Main Benefits.

[mneilson]

You can search and find many places all over the world to establish a offshore company. But why one choose Cyprus? What are the main benefits of setting up an offshore company there?

 

[richardm1964]

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.

 

[Moh1]

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.