Cyprus financial services law and regulation fit perfectly the Forex and Binary options activities.
An Investment Firm (CIF) licensed in Cyprus (CySEC), can be used for the provision of investment services from Cyprus in all EU markets by simply passporting its license, while it can also offer investment services to third countries.
The services can be offered on a cross-border basis or by establishing a physical presence in the jurisdiction into which the services will be provided
An Investment Firm (CIF) licensed in Cyprus (CySEC), can be used for the provision of investment services from Cyprus in all EU markets by simply passporting its license, while it can also offer investment services to third countries.
The services can be offered on a cross-border basis or by establishing a physical presence in the jurisdiction into which the services will be provided
Cyprus Company, ideal for:
- Businessmen
- Holding intellectual property rights
- E-Commerce
- Business with Russia
- Consultants / Counselors
- For inheritance purposes
- Business with the Midle East
- For ship flag and yacht registration
- Stockbroker / Binary Options/ Forex
| Company Type | Private Company limited by share. | |
| Corporate legislation | The Cyprus Bar Association is the governing authority and companies are regulated under the Cyprus Companies Law Cap.113. | |
| Confidentiality | Cyprus offers a high level of anonymity and privacy. | |
| Accounting requirement | Yes | |
| Taxation | Lowest taxation in Europe (10%). In case of Holding company, the dividends received to the holding are not taxable. There is no withholding tax for non Cyprus share holders. | |
| Legislation | Modern offshore legislation | |
| Standard Currency | Euro | |
| Time to form | Cyprus has an efficient Registry : 4 days formation time | |
| Stability | Stable jurisdiction with very good reputation | |
| Communication | Efficient communication means | |
| Time zone | Convenient world time zone GMT+2 | |
| Secretary required | Yes | |
| Paid up capital requirement | No paid up capital requirement | |
| Basis of legal System | Under Common Law | |
| Minimum shareholders / directors | A minimum of 1 Director / Shareholder suffice for incorporation | |
| Bearer shares | Bearer Shares are not permitted | |
Joining the EU in 2004 placed Cyprus as one of the most attractive business destinations in Europe. The tax rate for Cypriot companies is 10%, which is one of the lowest rates.
This rate is applied on all profits generated worldwide from the Cypriot company. If the company is operated solely as a “holding Company” (to hold shares of other companies); it will not be taxed. Accounting and auditing is compulsory every year.
To obtain a Cypriot tax identification number, it is required that most directors reside in Cyprus. Bethel Finance may provide local directors, through its nominee director service.
The following income is not taxable:
- Dividends
- Profits from the sale of listed securities
- Interests not from ordinary activities or not directly related to the key activity of the company.
- Possible deductions:
- Donations to charity
- Representation expenses
- All expenses related to the maintenance of a building
- Contributions to employers’ social insurance Expenses cannot be deducted from:
- Maintenance of motor vehicles
- Business taxes
An intra-community VAT number can be obtained in Cyprus. The VAT rate is 17%, which is also one of the lowest rates in Europe. It becomes necessary to be VAT-liable if the turnover for the past year is over 15,600 Euros. Once the company is set up and its account opened, the VAT number can be obtained within 10 days.
TAX treaties signed
Cyprus has tax treaties for the avoidance of double taxation with more than 50 countries including
Azerbaijan, Armenia, Armenia, Austria, Belarus, Belgium, Bulgaria, Canada, Czech Republic, China, Denmark, Egypt, France, Germany, India, Ireland, Italy, Kuwait, Kyrgyzstan, Lebanon, Malta, Mauritius, Moldova, Norway, Poland, Qatar, Romania, Russia, San Marino, Serbia and Montenegro, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Sweden, Swiss Confederation -
Εxchange of letters for the taxation of savings income between the Republic of Cyprus :
Aruba, Anguilla, Guernsey, Isle of Man, Jersey, Netherlands Antilles, The British Virgin islands, Cayman Islands, the United Kingdom Overseas Territory of Montserrat and Turks and Caicos Islands have been signed
About Cyprus
You know Cyprus, the island in the Mediterranean. What you may not know are the benefits of incorporating a company in Cyprus.
The population of the island is a mere 900,000, which is why the government had to promote an industry which does not depend on the local market: Finance.To become an international financial center the country has developed a unique legal and tax environment.
Corporate tax in Cyprus stands at 10%, and 0% for a Holding Company.
Cyprus has experienced considerable economic growth in the past 15 years. It is a member of the European Union since 2004, and a member of the OECD.
English is widely used in business, industry and government.
We warmly recommend Cyprus for entrepreneurs, for its political and economic stability.
By contacting Bethel Finance you will obtain a virtual office, merchant account for your internet business at a world class bank, all at an unbeatable price.
You will bypass the bureaucracy typical in your country, and devote your energy to what you do best, sell!
In addition, registering a vessel in Cyprus offers many advantages in a country where legislation is geared to sea transport.
Cyprus has concluded double taxation treaties with 50 countries, all of which can mean great financial advantages for you.
To attain all this, you should call us at your convenience : +972-3-643-7999 or just email us at info@bethelfinance.com
No comments:
Post a Comment