Eastern Europe TAX for companies

[Zordani]

Are Eastern Europe companies exempted from paying taxes for Cyprus off-shores? I don't remember where I read that, but I read it somewhere on the web.

 

[SysOp]

Are Eastern Europe companies exempted from paying taxes for Cyprus off-shores? I don't remember where I read that, but I read it somewhere on the web.

If a Cyprus company is structured ie with a local director, gives a Cyprus Tax resident status to your company, so a 10% tax is payable on the company’s net profits.


If you want a Cyprus non tax resident status, then you need to change the local director to a foreign director. In this case, tax will be zero.

 

[clemens]

But if you don't have a nominee director or shareholder you can't have everything anonymous, right?


That’s will have you to choose between to pay 10% Tax and be 100% anonymous or to pay 0% Tax and be the director for the company.

 

[clemens]

You can just insert a foreign nominee director and shareholder and you are done

 

[SysOp]

But if you don't have a nominee director or shareholder you can't have everything anonymous, right?
That’s will have you to choose between to pay 10% Tax and be 100% anonymous or to pay 0% Tax and be the director for the company.

No that's not exactly how it is.


With a foreigner as nominee director and shareholder and registering your cyprus company as an IBC, will give you the 0% tax and also you can register a anonymous company that way.


If local directors and shareholders as nominees are used, the company will be subject to 10% tax!