Corporate services
and tax planning
in Cyprus
What corporate services in Cyprus do we offer?
Our team has a professional partner in the form of a licensed IFBC service provider for the purposes of providing company incorporation services and nominee and accounting services.
Once your Cyprus company is established, your personal manager will ensure that your business complies with its formal obligations under Cyprus law.
In most (but not all) cases, in order to maintain the legal tax residency status of a Cyprus company, we are entrusted with its administration. This usually involves us acting as directors (board members) in the companies under our care.
Our team has a professional partner in the form of a licensed IFBC service provider for the purposes of providing company incorporation services and nominee and accounting services.
Once your Cyprus company is established, your personal manager will ensure that your business complies with its formal obligations under Cyprus law.
In most (but not all) cases, in order to maintain the legal tax residency status of a Cyprus company, we are entrusted with its administration. This usually involves us acting as directors (board members) in the companies under our care.
Ivan Shagin
Managing Partner
Shagin & Partners
Shagin & Partners
Why and who needs a company in Cyprus?
A company in Cyprus may provide for different purposes or a set of purposes. Trust structures allow for the management and protection of assets, including the share capital of a Cyprus company.
Purposes of companies in Cyprus
(allows you to solve one or more targets)
- Ownership of other companies in different jurisdictions
- granting rights to use intellectual property, franchises
- Transactions with cryptocurrency (CySEC license)
- tax planning and tax optimization
- Ownership of other companies in different jurisdictions
- granting rights to use intellectual property, franchises
- Transactions with cryptocurrency (CySEC license)
- tax planning and tax optimization
Trusts in Cyprus
(allows you to solve one or more targets)
- asset protection (asset-protection)
- Inheritance management and family division of assets (estate-planning)
- tax optimization (tax-planning)
- privacy protection (privacy-protection)
- asset protection (asset-protection)
- Inheritance management and family division of assets (estate-planning)
- tax optimization (tax-planning)
- privacy protection (privacy-protection)
What is the process of company registration in Cyprus?
(allows you to solve one or more problems)
- asset protection
- inheritance management and division of family assets (estate planning)
- tax optimization (tax planning)
- privacy protection
- asset protection
- inheritance management and division of family assets (estate planning)
- tax optimization (tax planning)
- privacy protection
1
Basic consultation. Legal opinion on structure.
We discuss your case for the purposes of a fundamental understanding of cooperation and clarification of details.
We will tell you how we work, terms and peculiarities of registration, guide you on prices.
We will tell you how we work, terms and peculiarities of registration, guide you on prices.
2
Basic counseling. Legal opinion on structure.
We prepare a legal opinion on the structure of the business using a company in Cyprus, nominee service and trust (if applicable) based on the data and documents provided by the client. Formulate a roadmap and final cost of services.
3
Payment of fees, Execution of Company documents in Greek and English:
• Certificate of Incorporation
• Certificate of Registered Office
• Certificate of Directors & Secretary
• Certificate of Shareholders
• Memorandum and Articles of Association
• Company Seal
• Certificate of Registered Office
• Certificate of Directors & Secretary
• Certificate of Shareholders
• Memorandum and Articles of Association
• Company Seal
4
Appointment of a secretary, preparation of a SHA or establishment of a trust (if applicable)
Develop a SHA (Shareholders agreement) or execute a declaration of trust and transfer the company's shares to the trust.
5
Obtaining a VAT and VIES payer number for the Company
If the company's activities make it a VAT payer - we perform the necessary registration actions and obtain a payer number, as well as register the company in the register of VAT payers - VIES.
6
Opening of the Company's account in a Cyprus bank or payment system
If requested, we accompany the opening of an account in one of the Cypriot banks, assist with KYC and AML procedures.
How much does it cost to register a company in Cyprus?
The cost of the company is determined based on a number of options, the number of shareholders, the need to establish a trust, the client's requirements for the wording of the articles of incorporation, and the settlement of shareholder rights in the SHA. Schedule a preliminary consultation and we will provide you with a preliminary solution cost, brochures and price lists. The basic cost of the company is 3500 EUR and already includes a set of necessary documents.
Frequently asked questions about registering a company in Cyprus?
We answer the most popular questions here, but you can always request a free consultation in advance
Основная консультация - правовое заключение по структуре клиента с использованием компании и траста (если применимо), включающее графическое отображение выплаты дохода, общую налоговую информацию и другие данные.
Смысл правового заключения - исключение регистрации компании которой нельзя будет пользоваться, или регистрации структур не отражающих целей клиента, ввиду предоставления неполной или искаженной информации.
Стоимость основной консультации - 500 EUR, и она засчитывается в стоимость услуг по регистрации компании.
Смысл правового заключения - исключение регистрации компании которой нельзя будет пользоваться, или регистрации структур не отражающих целей клиента, ввиду предоставления неполной или искаженной информации.
Стоимость основной консультации - 500 EUR, и она засчитывается в стоимость услуг по регистрации компании.
The period of company registration in Cyprus is quite fast, 3-5 days. However, it is always worth remembering to open an account, which can take from days to months and depends on the residency of the beneficiaries of the company and the speed of the KYC procedure.
Company registration is not restricted by citizenship, however, without a Cyprus residence permit or EU residence permit, it is not possible for Russian citizens to open and use the Company's corporate account.
With regard to the general administration of your Cyprus company, these are the most common functions that we perform routinely
- Providing a registered office address and maintaining the books and records of the company
- Drafting, processing, reviewing and recording any corporate documents for the purpose of making changes to the shareholders, directors, secretary or other officers of the Cyprus company as such changes occur
- Preparation and filing of all statutory annual reports with the Registrar of Companies
- Coordinating with accountants and auditors to ensure that all financial statements and statutory audits are completed on time
- Maintaining liaison with the Registrar of Companies on all practical matters, particularly when changes need to be registered and new certificates obtained
- Preparing any ongoing or special resolutions passed by the board of directors and/or shareholders
- Providing a registered office address and maintaining the books and records of the company
- Drafting, processing, reviewing and recording any corporate documents for the purpose of making changes to the shareholders, directors, secretary or other officers of the Cyprus company as such changes occur
- Preparation and filing of all statutory annual reports with the Registrar of Companies
- Coordinating with accountants and auditors to ensure that all financial statements and statutory audits are completed on time
- Maintaining liaison with the Registrar of Companies on all practical matters, particularly when changes need to be registered and new certificates obtained
- Preparing any ongoing or special resolutions passed by the board of directors and/or shareholders
Tax planning in Cyprus
Today, optimization of tax payment is a relevant and important topic. The process of tax planning is aimed at reducing the tax burden while complying with legislation of varying degrees of aggressiveness.
Optimization of tax burden of individuals and legal entitiesOptimization of the use of tax incentives in the sale of goods and services, use of transfer pricing structures in tax planning.
Legal aspects of cost managementChoosing effective methods of expense management in reporting varying degrees of risk and aggressiveness, allow you to significantly reduce your tax burden.
Benefit from corporate solutions in tax planningLegal 2024 solutions to optimize tax structures using European companies, trusts, and nominee service and UBOs based on CRS practices and SIDN provisions.
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www.shagin.pro | office@shagin.pro
www.shagin.pro | office@shagin.pro