Actually it is almost possible, a Cyprus Company formation can take place with nominee shareholders and directors, those nominee services are common to use when registering a company in Cyprus, since the beneficial owner won’t be listed on the public register of companies in Cyprus.
When registering a company in Cyprus it is important to know that there are two types of nominee services, the local Cypriot nominee’s and the foreign nominees, the difference are that if a foreign nominee service is used the company can be registered as IBC (International Business Company) which is subject to cero tax, however, the beneficial owner of that company will have to pay income tax in the country of residence.
Important to know:
- A Cyprus Company Formation with Cypriot nominee shareholder and directors pay regular 10% tax.
- A Cyprus company Formation with Foreign nominee shareholder and director is subject to cero tax.
- A Cyprus Company can always open a bank account in Cyprus also if the shareholders and director are foreigners.
- With a Cyprus Company you can register anonymously and your privacy and assets are secured.
- A Cyprus Company can register a company in another offshore jurisdiction and is often in that way hused as a Holding Company.
It is important that when you register a Cyprus company that you make sure that you know exactly what the purpose is of the registration and how and where you will conduct business with the company in Cyprus. Many fail and just register the company in Cyprus without to have a business plan or a final reason for it, which makes it less attractive for the owner and often the re-registration will need to be done within a few months because of the same.
CCLOGIC LLC is a professional Offshore Company Formation service provider which has many years of experience in the company formation and which is able to help with both the company formation in Cyprus and to open a Cyprus Bank Account for the company.
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