Offshore Companies in Cyprus - Operate through an international entity

Parparinos Milonas Corporate Law Firm has a long experience in assisting clients with the setting up and managing of a Cyprus company. Our team of specialists can undertake the whole process of registering your international (offshore) company in Cyprus.

The main reasons and incentives to register an offshore company in Cyprus are outlined below and  the owner of an international enterprise is expected to enjoy the following advantages through the operation of his company:

• Significant tax savings (low or zero taxation)
• Reduced operating costs
• An important degree of privacy and confidentiality
• Protection of personal wealth
• More options for entry into other markets
  

There is a number of business activities which are best suited to be operated through an international entity, thus taking advantage of the opportunities offered. Some typical examples are outlined below (but the list could be endless):

• International trading (an international company can be used as intermediary to re-invoice exports and imports)
• International services companies (re-invoice services through an international company) 
• International construction and / engineering companies
• International transport/distribution companies
• Royalty companies
• Real estate companies
• Shipping and ship management companies
• Commission agents
• E-business
• Holding companies (receiving dividends from foreign subsidiaries)
  

The choice of a suitable jurisdiction for offshore company incorporation is an important decision and requires careful considerations. The most important aspects to be examined may be outlined as follows:

• Political and economic stability of the jurisdiction
• The availability of a modern and flexible legislative framework
• Simple incorporation and filing requirements
• The availability of Double Taxation Treaties - this is very important in order to minimize withholding taxes on the payment of dividends and royalties from contracting states
• The availability of good standard of professional advisors
• A good banking system
• Good telecommunications
• Reputation (some "tax havens" are viewed with suspicion).