Cyprus has become well known for the advantages offered to both individuals and corporations mainly from a tax perspective and is well established as an international financial centre for this reason.
Main corporate forms : Public and Private Companies, limited by shares; companies limited by guarantee; limited and general partnerships.
Cost level : Low, particularly in comparison with Benelux countries.
Currency : Euro
Legal system : English Common Law
Memberships : EU, the Commonwealth of Nations (previously known as the British Commonwealth)
Government Charges & Fees
Annual Levy : EUR 350
Share transfer duty : Nil
Companies Registry Initial Registration Fee : Flat fee of EUR 102 plus 0.6% of the nominal value of the authorised share capital with no upper limit; usually minimised by using low issued capital and high share premium.