Our valued sponsor

Incorporating a Non Tax Resident Company in Cyprus

zeeoffshore

Active Member
Dec 29, 2019
62
10
8
43
Visit site
Hello. I'm based in Lebanon and I'm planning to incorporate a non tax resident company in Cyprus as we will not have any business activity there. All our clients are based in the Middle East. Anyone formed this type of company? What are the advantages and disadvantages? What are the requirements, set up cost, annual fees, taxes...?
 
  • Like
Reactions: JohnSeed
You can setup the company as non resident so you won't have to pay any taxes, this would require you to find banking somehwere else for this company. Otherwise you will have to setup a company including a real office, utility and real person director and shareholder nominees.

So you will have to pay 12,5% corporate tax and have options to get banking in Cyprus.

The next thing is that you need to visit Cyprus for this to be possible. The banks there are scared about remote account opening so unless you already know an agent in Cyprus it's going to be tof.

First solution you look at 2k - 3K in setup fees, aprox 3K renewal ongoing fees.
Second solution you look at 5 - 6K setup fees and 4K renewal ongoing fees.

Unless you have a profitable business running it's not worth it.
 

Latest Threads