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Income Tax and Social Contributions free life in Portugal

I have ties to Cyprus and know that a company would cost around 1.5k + 350€ annual levy + 300-400€ quaterly accounting fees + 2.5k for a yearly audit + 12.5% CIT + 2.65% on Dividend Distributions + in my case a local director or even 2 (not sure).

It adds up and Cyprus is not best option in my case
 
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Which one would you prefer over Cyprus ?
for the reasons stated below
I have ties to Cyprus and know that a company would cost around 1.5k + 350€ annual levy + 300-400€ quaterly accounting fees + 2.5k for a yearly audit + 12.5% CIT + 2.65% on Dividend Distributions + in my case a local director or even 2 (not sure).

It adds up and Cyprus is not best option in my case
I would avoid Cyprus as it can be quite expensive. You can almost have UAE company for similar amount of money or slightly more but then you won't be paying 12.5% CIT.