Corporate & Commercial Department
The large number of double taxation treaties between the Republic of Cyprus and foreign countries, the low corporate tax rate (12.5%), the zero taxation of dividends, the competitive VAT rate (19%), the position of Cyprus as a member the European Union and the implementation of EU legislation, as well as all additional advantages that Cypriot legislation provides have made Cyprus one of the most suitable and most favorable jurisdictions for tax planning worldwide.
In collaboration with a strong network of partners and professionals abroad and based on our experience and technical know-how, we provide legal and advisory services concerning the creation and management of corporate structures based on favorable tax planning schemes and on the needs of our customers, ensuring in each case the application and the implementation of the relevant domestic, foreign, and international legal framework.
Our firm has extensive experience and expertise in the provision of corporate and administrative services. Our services include:
- Formation and establishment of Cyprus Companies
- Trustee and nominee services
- Directorship, Shareholding and Company Secretary Services
- Registered Office Services
- Preparation of corporate documentation including Board and Members Resolutions and Minutes and Power of Attorneys
- Filing and Registrations with the Cyprus Company Registrar and other public authorities
- Drafting of corporate agreements and documentation
- Opening and Administration of Bank Accounts
The Cyprus Ship Registry is one of the largest, both within the European Union and globally. Cyprus maintains a prominent position as a maritime and ship management center. The favorable tax regime, combined with the high-quality services and the economic and other benefits, establish Cyprus as the ideal choice for ship-owners, charterers and ship managers. Our firm undertakes, among others:
- Ship registration under the Cyprus flag
- Financing, security and the enforcement of mortgages
- Dispute Resolution in relation to ships
- Searches on ships files kept in the Department of Merchant Shipping
- Deletion of ships from the ship registry
- Legal advice on maritime insurance issues
Following the recent amendment of the relevant law Cyprus International Trusts are a particularly attractive legal scheme used in international tax planning with the objective, among others, to secure inheritance planning and protection of property, assets and interests of the beneficiaries. Our firm undertakes the following tasks:
- Establishment of Cyprus International Trusts.
- Trustee and Protector services.
- Trust structuring and administration.
- Distribution of assets to beneficiaries
- Opening and management of trust bank account
Our firm in cooperation with a reliable network of associates provides accounting and auditing services which include bookkeeping, preparation of financial reports, drafting and registration of tax returns, and settlement of all our clients' tax responsibilities towards the relevant public authorities.