Localit Consulting provides its clients with the opportunity to expand their activities in Cyprus, offering them advisory, accounting monitoring, and organizational support for their company.
Cyprus offers a range of advantages for company formation, such as a low tax rate, a global profile with potential for extroversion, low accounting monitoring costs, easy company management, reduced business risk, low share capital, and a stable banking system.
The process of forming an LTD (Limited Company) in Cyprus is ideal for all business activities such as investment companies, shipping companies, service-providing companies, online stores, holding companies, and import-export activities both within and outside the EU.
Tax Rates
The most important points regarding the tax and legal framework in Cyprus are:
- Cyprus is an EU member, so the company is considered European and NOT offshore.
- There are no social security contributions for shareholders.
- Invoices issued by Cypriot companies are fully recognized in all EU countries and are not subject to VAT due to intra-community transactions with EU member states (VIES).
- The tax on corporate profits is 12.5%.
- There is no dividend tax on distributed profits.
- There are high annual depreciation rates.
- There are 50 double taxation avoidance agreements signed with other countries.
Our services are always provided within the framework of legality and confidentiality, with responsibility and respect for commercial law and European tax legislation, without requiring your presence in Cyprus.
Our company undertakes your accounting support in Cyprus, even if you have had your company established by another firm and do not have a smooth collaboration for your accounting support, provided we first thoroughly check your company and there are no issues with it.
