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    COMPANY FORMATION WITH A COMPLETE PACKAGE

    Privacy Management GroupLtd. in Cyprus offers you legally secure and seamless formation of your Cyprus Limited/Cyprus Holding company. Starting with complete documentation for your Cyprus... Further >

     

    TAX AND LEGAL ADVICE FOR CYPRUS

    Privacy Management Group offers you continuous support, without time limitations or additional fees!

     

    TAX ADVICE, BOOKKEEPING, ACCOUNTING

    All services from one source! Privacy Management Group in Cyprus exclusively employs established specialists, lawyers, tax advisers and accountants with years of experience, whom are happy... Further >

     

    DIRECT ACCESS LOCALLY IN
    CYPRUS

    Privacy Management Group has been a long-standing banking introducer and associate in Cyprus, with offices in Larnaca, Nicosia and Paphos. Whether it is a matter of relocating to Cyprus, taking advantage... Further >

    RECOMMENDED!

    Complete formation fees at a glance

    Company formation in Cyprus

    Complimentary consultation from the word go!

    Privacy Management Group in Cyprus provides the expertise of a team of European specialists for over ten years. Our professionals know from their own long experience in which areas you need active support and guidance. Based on the understanding and knowledge of more than three decades as management consultants, tax advisors and lawyers, and further specialised expertise of our professional team, the following service programme has been developed for you.

    From the word go in the planning phase, you can rely on our expertise and benefit from the following services:

    Free of charge introductory expert advice
    Get your questions in the planning phase answered via live chat
    Introductory & expert in-house specialist advice free of charge

    In addition, we are available to answer any questions you may have about education, real estate, living in Cyprus, health and social care etc.

    Our services

    All services under one roof

    PMG’s legal team is familiar with European and Cyprus law, the head of the corporate legal department being a Cyprus Bar Association member for over 30 years. Many of our tax advisers, accountants and management consultants have been with us for more than 10 years. Privacy Management Group offers all services under one roof. The formation costs for establishing a company amount to a one-off and all-inclusive fee of EUR 2,650.00, exclusive of VAT.


    Company formation in Cyprus includes

    Complimentary legal and tax advice   YES
    Complimentary name check at the Register of Companies   YES
    Preparation of all necessary incorporation documents    YES
    Preparation of the memorandum and articles of association   YES
    All fees paid    YES
    Incorporation documents   YES
    A to Z directory incl. complete original documentation   YES
    Courier delivery or collection from our business centre   YES

    Bank Accounts

    Complimentary business account opening in Cyprus   YES
    Complimentary personal account opening in Cyprus   YES
    Complimentary advice - worldwide bank account opening    YES

    Registered office and more

    Complimentary provision of registered office and Company Secretary    YES
    Upon request provision of nominees   YES

    Legal and tax advice

    Obtaining corporate and individuals tax number    YES
    Obtaining Value Added Tax number (VAT)   YES
    Opening balance sheet upon request   YES
    Continuous bookkeeping and income tax accounts   YES
    Monthly profit and loss sheet   YES
    Provision of employment contracts   YES
    Monthly payroll preparation   YES
    Obtaining social insurance number(s)   YES
    Ongoing legal and tax advice for the Republic of Cyprus   YES

    Operational services in Cyprus

    Assistance to find suitable premises for your business   YES
    Review of rental & purchase offers and contracts through our in-house experts   YES
    Lease contract and tenancy review   YES
    Support to obtain telephone and internet connections    YES
    We walk to extra mile for our clients   YES

    Cyprus corporate law allows to combine personal residence and company premises.

    The incorporation of a company in Cyprus takes approximately 10 working days.

    Once your company is active, tax and VAT numbers are in place, your personal accountant will contact you.

    Total formation fees (one-off) EUR 2,650.00

    Tax advice incl. Bookkeeping, accounting and audit
    Annual fees for the complete package, due every 12 months

    All services provided by a single source! In our company we exclusively employ lawyers, tax advisers and accountants with years of experience and they are happy to help you or your company at any time. Our company of course has the in Cyprus required ICPAC certification. The annual fees, due every 12 months includes the following services:


    Tax advice incl. Bookkeeping, accounting and audit

    Tax advice for your company   YES
    Complimentary client support by email, telephone or in person at our offices   YES
    Monthly payroll services free of charge for our clients   YES
    Quarterly VAT reporting   YES
    Ongoing bookkeeping   YES
    Preparation of audit   YES
    Review and obtaining client’s approval   YES
    Submission of audit preparation to auditors   YES
    Submission of IR4 (COMPANY’S TAX RETURN) to Cyprus tax authorities    YES

    Administration and other services

    Registered office in Cyprus free of charge   YES
    Company secretary free of charge   YES
    Nominee services (if requested)    YES
    General Power of Attorney in case of nominee services   YES
    Immigration service   YES
    Obtaining Non-Domiciliation Status   YES
    Relocation Services incl. advice on international schools in Cyprus   YES
    Summary of total fees
    Formation fees one-off EUR 2,650.00
    Administration fees for 12 months
    Please select the amount of book entries expected within the first 12 months:
    per 12 months EUR 1,750.00
    Total cost EUR 4,400.00*

    *exclusive of 19% VAT

    Settlement date for the incorporation and first annual fees

    The incorporation fee (one-off payment) of EUR 2,650 is due upon acceptance of a new client, while the first annual fees are due after the registration of the company with the Registrar of Companies in Nicosia. All fees are exclusive of VAT, which in Cyprus is 19%


    Settlement date of annual fees every 12 months following company’s incorporation

    The annual fees will be due twelve months after the registration of your company in Cyprus. These are inclusive of all services according to the package of your choice. You will automatically receive an invoice, sent by email.

    Note: A Cyprus VAT registered company has the right, under certain conditions, to claim for refundable VAT.


    Annual Levy

    The ‘Annual Levy’, applicable in Cyprus since 2011, affects every company in Cyprus and comes to a flat rate of EUR 350.00. The deadline for this fee is due every year on 30th June (not included in the package).

    Optional services: Non-Dom service

    OPTION: RESIDENCE AND NON-DOM STATUS

    Cyprus grants Non-Dom status under certain conditions

    We actively accompany you through the Cyprus Residency Programme and can procure Non-Dom preference for our clients. For the service provided within the ‘Residence and Non-Dom Status Programme’ we charge a fee of EUR 490.00 exclusive of VAT.

    Our support includes the following services:

    Preparation of the required documents and contracts for the authorities   YES
    Activation of your social insurance number (required upon registration!)   YES
    Support during property search (rental or purchase)   YES
    Arrangement of appointments with local authorities   YES
    Our team will arrange an appointment with the immigration office and accompany you and your family to register and welcome you as new residents    YES

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.