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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 >

    The advantages of company formation in Cyprus

    The EU member state Cyprus offers incredible advantages from various perspectives in comparison to other jurisdictions in Europe. The 2013 banking crisis has not changed this - on the contrary!

    With the introduction of the ‘Cyprus Non Dom’ programme, which will free foreign individuals moving to Cyprus from paying any taxes on dividends from foreign and local companies. Our little Mediterranean island hereby offers unprecedented possibilities in Europe for international entrepreneurs.

    In short, and you can take this literally: in our view, when it comes to international business, Cyprus presents itself as the number 1 EU location.

    Utilise the enormous advantages Cyprus has to offer and trust in our experience of more than 30 years.

    FURTHER ADVANTAGES

    Some of the advantages Cyprus (EU) has to offer

    • The regular corporation tax is based on 12.5% of the company’s annual profit.
    • There is no trade tax in Cyprus.
    • Dividends can be withdrawn tax free from the Cyprus Limited company.
    • Losses incurred by the Cyprus company can be carried forward.
    • Profits made from share trades can be taken for advantageous tax purposes.
    • There is no recalculation of tax burdens (a considerable advantage over the Republic of Malta).
    • The inheritance of company shares is tax free in Cyprus.
    • The Cyprus Limited company is a globally renowned business model.
    • The VAT number ensures unproblematic ‘intra-community trade’.

    Tax advantages through relocation:

    • Besides the numerous other rewards, which are presented below, it is particularly noteworthy that: If you relocate to Cyprus, you will profit in future from the enormous advantages through the Non-Dom Programme for Cyprus.

     

    Other innovations and benefits:

    • It is permissible for the Cyprus company to have bank accounts outside of the EU.
    • You can find further advantages here FAQ.

     

    Comprehensive Full-Service for your Cyprus company

    Specialised legal and tax advice for Cyprus

    • You will receive free advice, in advance, with our tax consultants and lawyers – by telephone, email or in person at our office in Cyprus (EU). You can find our offer for Non-Dom in Cyprus here.
    • We will advise you and review your project, if desired, from a legal and tax perspective.
    • Our experts will advise and support you throughout.
    • We also offer you specialised advice in the areas of relocation, Cyprus Non-Dom as well as tax optimisation.
    • We advise you on the possibilities of combining the Cyprus company (EU) and the ‘tax beneficial’ Non-EU company.

    Trust in our professional conduct

    • Our organisation as well as our employees are legally bound to maintain confidentiality.
    • You will benefit from our services without the use of intermediaries or agents.
    • We will not refer you to external companies, lawyers or tax consultants.
    • Privacy Management Group is not a broker but a company managed by lawyers and tax consultants.

    Banking-Service

    • We offer you the option to open business and private accounts in over 20 jurisdictions.
    • In general you need to be personally present when opening an account.
    • Our banking partner offers you the complete palette of banking services.
    • Online banking and Visa/Mastercard – these services are part of our standard banking offer.

    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.