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Cyprus
Jurisdictions


Location
island in the Mediterranean Sea
Area
9 250 sq. km.
Population
775 927
Capital
Nicosia
Language
Greek, Turkish, English
Currency
Cypriot pound (CYP)
Legal system
based on English Common Law
Type of company
Private Limited Liability Company
Minimum authorised share capital
CYP 1,000
Paid capital
not fixed
Minimum number of shareholders
one, individual or corporate, resident or not

Bearer shares

not available

Minimum number of directors

one, individual or corporate, resident or not
Public disclosure of beneficial owners
details of directors and shareholders are open to public
Nominee services
available
Taxation
corporation tax of 10 % for resident comapneis
Submit annual return and accounts
yes
Annual audit
required
Shelf companies
not available
Time to supply documents
2-3 weeks
Need to travel
no
Additional information
Hague Convention 1961 applies; Double Tax Treaty with Russia

 

Jurisdictions

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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

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Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

more laws >>

Comparison Table >>
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G.S.L. Law & Consulting