Knowledgebase
Yes, CClogic works with several Acquiring partners and payment gateway service providers which are able to help you to setup a merchant acount to
accept credit cards for your online business and in the name of your Cyprus Company
•A company is taxed if it is a resident of Cyprus.
•A company is resident if its management and control is in Cyprus. The incorporation of a company in Cyprus is not sufficient to establish residence.
•Although the term "management and control" is not...
If a company is Cyprus tax resident, then it is taxed on its worldwide income at the rate of 10%.
If a company is not a Cyprus Tax resident, then tax is zero.
Yes, you will become a POA (Power of attorney) with which you can close business deals and act on behalf of your Cyprus Company as you like.
• Dividend income received in Cyprus by a foreign corporation is wholly exempt from tax in Cyprus.
• Profits earned from a permanent establishment abroad are fully exempt from corporation tax except if:
• More than 50% of the paying company's activiti...
You can become a Cyprus bank account through the different major banks in Cyprus we have partnered with.
It is important that the Company Registration is finalized before we can open the bank account with a Cyprus Bank.
The major features of the Cyp...
Typically it takes about 1 to 2 weeks; this includes the registration and the issuing of all company documents.
Very simple contact CCLogic today and we will send you the required forms.
Also read our articles about the Cyprus Company formation, it's up's and downs, follow this link
General Information about how to register a Cyprus company:
Cyprus is th...
One will need to register a regular Cyprus company with registered office address and company secretary as a minimum.
As soon as the registration has take place, CCLOGIC will obtain a license by the CYSEC which costs EUR 27.000 + pocket expanses in the...
YES it is possible to become a V.A.T. number (to register your Cyprus company for VAT) we just require a additional application for the registration by the Cyprus house of Companies and Tax authorities and thats all, the application will be pre filled so ...
Defence tax at 10% is charged on the following cases:
(a) If the company is Cyprus tax resident – there is a 10% defence tax ( withholding tax) on interest receivable
(b) Dividends receivable from abroad are in general not subject to defence tax, bu...
Tax losses can be carried forward indefinitely to be set - off against future profits.
Yes it is possible, we do not require you to open a Bank Account in Cyprus for your Cyprus Company, however we can't help you to open a bank account with any bank outside of Cyprus.
It makes it often much easier to become a Cyprus Bank Account for yo...
The tax legislation adopts the relevant EU directive whereby reorganisations, amalgamations, mergers and acquisitions can be effected without any tax implications.
On dividends payable
•There is a 15% withholding tax on dividends distributed to shareholders who are residents of Cyprus, but there is no tax on dividends paid to non-resident shareholders.
•There is a deemed distribution of dividends for an amount ...
About the taxation of a physical person – If the physical person is tax resident in Cyprus, then, as a general rule, he is taxed in Cyprus on his worldwide income. If he is non tax resident, then he is taxed in Cyprus only for the income which results fro...
Their is no "best way" however, we would recommend to get in touch with us with a brief description from you on how you plan to conduct business wtih your Cyprus Company, thats the best answer we can give you at this stage.
Since no business is the sa...
A Nominee director is used for companies where the beneficial owner don't want to be registered in the public register of companies in Cyprus and
mostly used for a Pre Registered Cyprus company to anonymously the company.
Extendend information
Nomi...
A Nominee Shareholder is used for companies where the beneficial owner don't want to be registered in the public register of companies in Cyprus and
mostly used for a Pre Registered Cyprus company to anonymously the company.
In Depth explanation.
N...
There is no distinction between local companies and International Business Companies. A uniform corporation tax rate of 10% is applicable for all companies.
It only takes 24 hours after we received your payment before you can start trading with your pre registered company.
However it will take about 2 - 4 days before the documents are available for you to be couriered.
•The standard VAT rate ?s 15%.
•The reduced rate is 5%.
•Resident International Companies an register for Vat in Cyprus so that they can benefit with zero rated tax on Intra European trading and recover input-VAT on local expense
We have 2 types of Cyprus companies, as far as their tax status is concerned. These are:
(a) A Cyprus resident company which is taxed at 10% on its profits.
(b) A Cyprus non-resident company which is not taxed.
The place where management and ...
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