Options are always there for people who would want to give them a try no matter how risky the options may be. For example there are options for cheap bullet-proof vests, cheap parachutes, and cheap brain surgery services. The question to ask however is; can you go for these options. For reputation and name sake, it may be difficult for one to go for some options. The price will definitely reflect on the reputation and reliability of an offshore company. to register an offshore company by employing the most knowledgeable and experienced personalities to keep up with the latest legislative developments, maintenance of reliable quality control and a robust data security strategies.
Cyprus company formation fees include Cyprus company formation or registration fees which stands at United States dollars 1.975. However a ready made shelf companies goes at USD 2.375. The registration fees include Power of Attorny (POA), Memorandum of association and articles and registration certificates, official company certificate and apostilled registration document and shareholder certificate.
After the company has been set up, further payments are to be made in different lines annually. The lines include company secretary which is required by the Cyprus company formation law and rates at USD 525.00; registered office as is required by law of USD 525.00; nominee directors’ fee of USD 525.00 per nominee carried out by the business corporation; nominee shareholder’s fee of USD 525.00 per nominee, foreign nominee shareholder fee of USD 525.00 per nominee; and foreign nominee cost of USD 525 Per nominee. It is important to note that nomination of both foreign and internal shareholders, directors is optional.
Once all the required information and costs have been settled, Cyprus company formation will take between one to two weeks duration to fully incorporate a company. however if you go for companies on the shelf, you are required to wait for one day to get started with your acquired company documents and other necessary requirements.
Cyprus company formation’s accounting records are usually kept by all companies in its territory as is required by the law. Financial statements must also be submitted to the Inland Revenue and registrar of companies within its boundary for auditing purposes. All the companies under its jurisdiction are required by law to pay 10 percent TAX on all profits, however if the company is registered by IBC no tax is charged.
Unlike other companies, Cyprus company formation demands passport or any picture ID copy, phone or electricity utility bills usually presented in English, and an n agreement sent on request to the client.
Finally it is worth noting that the cost of annual accounts preparation for the company depends on the amount of transactions made on your behalf. These services are providing by practicing accountants and auditors who are offering these services at affordable rates. Apostilling of the documents outside the country will cost euro EURO120 due to foreign bank requirements. All the proceeding payments for offshore company address and secretary are set at euro EURO690.
Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.