Cyprus – Why and for Whom? 2018-10-17T13:04:12+00:00

Cyprus – Why and for Whom?

THE SCF GROUP HAS BEEN FORMING AND MANAGING CYPRIOT COMPANIES FOR OVER 25 YEARS

CYPRUS – WHY & FOR WHOM?

Why? Notwithstanding the banking and financial crises that hit Cyprus after the 2008 Economic Crash, it has successfully rebounded and now enjoys a much more stable economic environment. Unlike Ireland, it is not anticipated that Cyprus will specifically gain from the UK’s departure from the EU but nonetheless it’s liberal corporate and capital gains tax policies together with its continued full membership of the EU will offer many attractions especially for the smaller more cost sensitive client.

The advantages of using a Cypriot company are many but include:
  1. Lack of bureaucracy – Its historic connection with the UK has ensured that Cyprus has far less bureaucracy than that of most continental countries
  2. Ready Made Companies are available quickly or Own Name Companies in around 8-12 weeks
  3. English is the main business language of Cyprus
  4. The Cypriot common law system is almost the same as that of the UK and is therefore considered to be much more business friendly than the slow and codified civil law system in Continental Europe
  5. Cyprus, like Ireland fully benefits from EU Directives and Regulations
  6. The Corporate Tax rate is 12.5%
  7. Capital Gains Tax generally only applies to Cyprus property and assets and not on the sale of international assets and/or shares
  8. Individual taxation can be very advantageous for foreign residents

For Whom? Cyprus is ideal as a holding/investing and/or trading location especially for smaller and online business activities. Where required our Cypriot office can provide a full range of management and control services without the inherent costs associated with opening up their own office in Cyprus.

PRIORITY ENQUIRY FORM

(Strictly Confidential No Obligation)

SCF International is the trading name of SCF Corporate Services Limited

Address: 1st Apriliou 47, Limassol, 3117 Cyprus

Telephone: +357 25 771 570   Email : enquiries@scfgroup.com

Registration number HE 341030

Malaysia: KL Marketing Office, B-7-6, Megan Avenue II, Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia

© SCF INTERNATIONAL 2018

A FULL RANGE OF LEGAL, ACCOUNTANCY & COMPANY MANAGEMENT SERVICES

The SCF International specializes in providing accountancy services for Cypriot limited companies, Cypriot company management services including the provision of (where necessary) domestic directors, domestic company secretaries, registered office address services, trading offices, value added tax (VAT) registration and management, payroll (Pay as You Earn PAYE), opening up and managing bank account facilities, raising invoices and any and/or all other services required to establish a bone fide managed and controlled UK limited liability company.

The SCF International also specializes in providing accountancy services for Irish limited companies, Irish company management services including the provision of (where necessary) domestic directors, domestic company secretaries, registered office address services, trading offices, value added tax (VAT) registration and management, payroll (Pay as You Earn PAYE), opening up and managing Irish bank account facilities, raising Irish invoices and any and/or all other services required to establish a bone fide managed and controlled Irish limited liability company.

Our in-house team of legally and accountancy qualified experts can also provide advice on current UK & Irish tax laws/provisions including anti-avoidance provisions, EU directives and regulations, the impact of BREXIT for both UK and EU based businesses and other relevant. In addition, where required the SCF Group can also set-up and arrange the management of companies in tax attractive EU based jurisdictions such as Cyprus, Luxembourg or Malta or indeed any jurisdiction in the world including those in the Middle and Far East.

Property de-enveloping services – In conjunction with leading UK firms of solicitors SCF International can help transfer companies currently held by what were known as ‘offshore’ companies into either more tax efficient UK companies or directly back into the names of individual beneficial owners’ often without attracting stamp duty land tax (SDLT) but still avoiding the advance tax on enveloped dwellings (ATED). For more information please see http://www.de-enveloping.co.uk

Our fiscal migration and tax planning department is operated by qualified lawyers and accountants and can advise both domiciled and non-domiciled individuals on how to mitigate their individual and corporate tax exposure be it in Cyprus or internationally. Our legal & business department can provide specialized advice on all domestic and international tax planning issues but also upon ‘key’ issues such as asset protection be it in the form of trusts, private interest foundations (PIF’s), pre-nuptial and post-nuptial agreements, divorce and general family law, legal drafting, leave to remove applications etc