We provide services to people who want to set-up their company in Cyprus and save tax without disruption to their business, excessive costs and legal risks.
Why spend hundreds of thousands or more in taxation? Register a company in Cyprus with company law experts for competitive fees and get instant legal advice and support whenever required.
Have a reputable law firm by your side when setting-up your company in Cyprus. Avoid wrong advice, bad set-up and mistakes that cost thousands.
1 Corporate tax and the Cyprus IP Box
Benefit from Cyprus corporate tax which is one of the lowest in Europe at 12.5% of profits. For technology companies, tax can go as low as 2.5%.
Additionally, Cyprus taxes 0% capital gains (except for real estate) and 0% dividends tax for Cypriot non-domiciled tax resident individuals (as well as non-tax residents). Cyprus is an ideal jurisdiction for people looking to sell the shares of their startup or software they develop (being an asset of a capital nature), as both dividends and tax on exit will be 0%.
2 Company registration, administration & registered office
Have your Cyprus company registered in 3 working days when you choose a company name for which we have already received an approval from the Cyprus Companies Registrar. Or get a ready (off the shelf) company if you need it the same day.
We will take care of all administration needs you have (legal, regulatory, accounting) and offer you nominee director/s and shareholders, secretary and a registered office in Cyprus so that you can focus on building your business without worrying about regulatory, legal or taxation risks.
3 Company substance, work permits, tax and bank account opening
We can assist and advise you on company substance, Tax and VAT registration, bank account opening, employment matters, work permits and immigration permits so that you have don’t have to worry about the Cyprus company set-up and you have one contact who is supervising everything for you.
Enjoy the confidence of having a leading law firm by your side throughout your set-up. Whether you need a review of your agreements or your group structure, finding solutions with your tax consultants abroad or assistance with tax questions, we will be here for you.
4 Tax residency – Non-Domiciled tax residents in Cyprus
For people moving to Cyprus, becoming a non-domiciled tax resident in Cyprus means that their dividends will not be taxed as Cyprus doesn’t tax dividends.
The only charge will be the payment of the General Health Insurance contributions (2.65% on a maximum of EUR180.000 = EUR4.770).
We help people moving to Cyprus become non-domiciled tax residents in Cyprus quickly and stress-free.
If you would like some help with the registration of a company in Cyprus, taxes or non-domiciled tax residency in Cyprus, contact us for a free consultation.
1 Cyprus International Trusts help you protect your hard earned wealth and your loved ones.
It is increasingly important for high net-worth individuals and people in high-risk professions to protect their wealth. Attacks from tax authorities, separated spouses and disgruntled creditors threaten to take away your wealth.
Trusts have traditionally been used to protect against those risks by placing property in Cyprus or abroad, money and other assets under trust management
2 Get enhanced asset protection with Cyprus International Trusts
Cyprus International Trusts are a legislative amendment on traditional trusts with enhanced asset protection features to provide security.
What we offer
• help you create a proper Cyprus International Trust with the highest level of asset protection to protect your wealth and pass it on to the people you want.
• guide you on the creation of your Cyprus International Trusts or review your existing arrangements, explain what the risks are and what is the best way to achieve your aims.
• Execute any changes to existing Cyprus trusts and act as your trustees if you would like. Additionally, we will do all necessary registrations and properly draft all the documents required to ensure maximum protection so that you can get peace of mind from the risks the future may bring.
If you would like some help with setting up or reviewing your Cyprus International trust then contact us for a free initial consultation.
What our clients say
We used Philippou lawyers in Paphos when we purchased our Property 14 years ago. After trouble with the Developer, they drew up our Cypriot Wills and obtained our Title Deeds through Land Registry. They are very friendly, and I will always use their service when needed. Highly recommend
– Marian Marshall
Polycarpos Philippou’s office staff are friendly, always make you feel welcome, and treat you as an individual.
We have since recommended friends looking for a lawyer in Paphos to Philippou solicitors for various legal transactions, knowing they will receive a first-class service.
– Gergana Ivanova
I would highly recommend Philippou Law to anyone going through the process of buying a property in Cyprus. The whole English-speaking team were friendly, responsive, thorough, and
– Peter Morrison
We have never regretted using this lawyer in Paphos. They have dealt with purchase, sales and wills on our behalf over a number of years, always with courtesy, professionalism and friendliness. Would recommend them without hesitation!
– Chris Whyman
From the very beginning of our company, we have been dedicated to assisting individuals in purchasing and relocating to Cyprus while also providing legal solutions. As a result, many of our clients have become cherished friends. Despite our significant growth as a company, we remain committed to our core family values, which continue to define us presently and will continue to do so in the future.LEARN MORE
Frequently Asked Questions
The investment in a Cypriot business is one of the qualifying investment areas. For more details on citizenship by investment see our guide.
Yes, Cyprus has an extensive network of treaties on the avoidance of double taxation.
This depends on your goals. A Cyprus International Trust is typically used in estate and international tax planning and asset protection. A company is typically used to conduct business or to accumulate the dividends from businesses abroad. Sometimes both may be used..
A shareholders’ agreement will regulate the relationship between the shareholders. It may provide for different rules than the default rules in the law, such as both shareholders approving significant transactions, each shareholder having the right to appoint a director on the board. On many occasions the articles of association of the company may also have to change but this depends on each specific case.