| CYPRUS
Cyprus is a low tax jurisdiction, charging tax at 4.25% on chargeable profits. The other main advantage of this jurisdiction is that Cyprus has an extensive range of double taxation agreements, including most European, Eastern European and Scandinavian countries as well as the US and Canada.
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COMPANY STRUCTURE
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| TYPE OF COMPANY
| Offshore
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| Minimum Number of Directors
| 1
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| Local Directors Required
| No
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| Minimum Number of Shareholders
| 2
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| Bearer Shares Allowed
| No
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| Registered Office
| A local registered office is required
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| Disclosure of Directors/Shareholders
| Yes
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| Standard Authorised Capital
| CY £5000
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| *Time to Incorporate & Supply Documents
| 3-4 weeks after name clearances and delivery of bank references.
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| Ready-Made Companies Available
| Yes
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| Audited Accounts Required
| Yes
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*This is an estimate of the time taken to incorporate the company, structure it to the needs of the client and deliver the corporate papers. |
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