International Business Services (IBC)

Cyprus is one of the cheapest among offshore centres of high repute nowadays, and has already attracted more than 60,000 International business companies (IBC) from all over the world. 

Cyprus a member country of the European Union since 2004 has wisely managed to differentiate from “tax havens” and establish itself  internationally as one of the most  important “low tax jurisdictions”.   It has therefore managed to escape the suspicions and control of the tax authorities of other countries.  The only tax for an international business entity ranges between 0 - 10% only. 

The combination of low tax with the existence of an impressive and ever expanding network of Double Taxation Treaties (DTT) has proven to be a tremendous tool for international tax planning.            With regard to any form of investment towards Eastern European countries, Cyprus has unquestionably positioned itself as the world’s primary “business hub”.

The international business entity can be established in any of three forms. A limited liability company, a general or limited partnership and an international branch of foreign corporation. Minimum capital is CYP1000 and registration is a straightforward procedure.  You only need to fax to our firm the copy of your passport and a bank reference letter.  You then need to decide whether you need a physical presence on the island or just a company operating from our offices like thousands others.

Anonymity is also possible when businessmen desire that their names are not shown in the official records.  In such a case, their identity is protected by rules of absolute secrecy. Our firm is suitable to provide nominee shareholder and directors to this effect. 

The most important activities conducted by Cyprus’s International entities are Trade, Marketing and Distribution; Ship Management and Maritime Services; Business and Engineering Consultancy; Newsgathering Distribution and Publishing Commercial and Merchant Banking; General and Captive Insurance and finally, Third-Party Financial Services. 

Cyprus’s position in the global business community has been well publicised, but in recent times international newspapers have been highlighting yet another attribute which makes the Mediterranean island so popular. It is, quite simply, the lifestyle.  The standard of living enjoyed by company directors and their families is winning plenty of admiration.  From the distinct lack of serious crime to the quality of educational resources, the friendliness of the people and their own professional abilities, foreign observers agree there are important attributes that should not be ignored.  Considering the case in which, most of the company’s staff will be travelling a lot, nothing makes a person work better than knowing that the family he leaves behind is happy, safe and having fun.  The geographical position of Cyprus is an added incentive, enabling company representatives to travel with ease throughout the Middle East, Africa and Europe. 

Our organisation’s multi lingual ability is substantial. We pride ourselves of our service. We will respond to your request whether received by phone, fax or email within 24 hours. Our philosophy is personal approach. Whenever needed, one of our partners will always make himself available to discuss with you your business matters as well as to give you a taste of the Cyprus hospitality.

C. Costa & Associates partners will be happy to provide more details about our services and fee policy in this respect.