Cyprus can be your next business destination for various reasons. As a business-minded person you want to earn more and pay less tax. You want a secure and approachable business environment to set up your company.

Whether you are planning to set up a company or a trust or expand your business activities globally or do an investment, such as buying a property or a business abroad, you need an advisor who can trust.

Ioannou Theodoulou Ltd represents a network of contacts throughout the world because of its membership with the International Association of K.S.International, www.ksi.org, which has associate members in more than 60 countries worlwide. Our network has been build up though personal contacts and connections.  

We serve a wide range of local and international clients all over the island and having recognised the specific need of the international business companies, we have set up a highly organised department that can assist our clients to operate out of Cyprus smoothly and efficiently.
       
The International Business Department can assist prospective clients with the setting up and registration of all types of International Business Companies. Already approved names and off-the-shelf companies are available to speed up the process of registration.  Our dedicated people will take care of all required procedures, set up the entity and provide you with all the relevant certificates. When required, the firm can arrange for its International Business Companies with nominees shareholders, director services, and the provision of registered office facilities and performance of secretarial duties.  In cases where the clients do not have a fully-fledged office on the island the international business department can undertake full day-to-day administrative services and operation support.

Setting up an International Business Company (IBC) in Cyprus is easy, fast, cheap and above all worthy.

The term international business company refers to any legal entity whose beneficial ownership and business activities lie outside the country of incorporation i.e.

• its shares must belong directly or indirectly exclusively to aliens, and
• Its income must be derived from sources abroad and business carried out outside the country of registration. However if the shareholder of the company is a European citizen then the company is allowed to carry out its activities also within Cyprus.
• IBCs are legal, recognized by the authorities.
• The procedures of establishing and operating such entities are simple and related costs low.
• Incorporating an IBC as a vehicle for your corporate or private business enables you to operate anonymously and without many of the restrictions involved in "onshore business".
• It offers substantial tax benefits

Given the tax incentives available, it makes sense in any international tax planning to direct profits out of high tax countries to international business centres, thus taking advantages of the reduced tax rates and double tax treaties, where available. Here are some of the points to consider, for your decision to work through an IBC structure

• Get advantage of the double tax treaties and favourable tax treatment
• Get advantage of the low or zero taxes, and pay no tax
• Charge income from services around the world, to an International Business Corporation so you pay low or no tax
• Invoicing and re-invoicing on exports, imports and services. Use an IBC company, as the middleman
• Receive commissions with full anonymity, on your company
• Buy property in any country without anybody knowing who is buying
• Move profit from your country to IBC where you pay low or zero tax
• Plan your income and capital of you and your family with Cyprus International Trusts and;
• Obtain anonymity and confidentially.
• And for many other strategic and financial reasons.

The following list shows some of the areas that companies and individuals operate, which are ideal to operate through an IBC entity and take advantage of the opportunities offered:

• Businessmen/consultants working in their country or in several international locations
• International services companies
• International transport/distribution companies
• Import and export companies
• Business and other services companies
• Headquarter companies
• International construction and engineering companies
• Individuals wishing to buy property anonymously and subsequently transfer the property with no taxes
• Royalty companies
• International new agencies
• Real estate companies
• Shipping and ship management companies
• Offshore banking units
• Captive, life and general Insurance companies

The following documents are produced in connection with a typical company's formation and administration

• Memorandum and Articles of Association
• Corporate certificates
• Share certificates
• Seal or Stamp
• Registers
• Minutes
• Opening bank accounts for Company and Owners

Our International Business Company department offers specialized assistance in all fields of IBC.

• Incorporation of an IBC with the Registrar of Companies
• Name approval
• Incorporation documents
• License 
• Provide of office facilities services
• Offices
• Computers
• Telephone line
• Fax line
• Email account
• P.O.Box mail 
• Provide of registered office
• Provide of nominee services
• Shareholders
• Directors
• Secretary 
• Provide of company secretarial services
• Minutes of Directors
• Annual General Meeting minutes
• Company resolutions
• Powers of Attorney
• Dealing with all statutory and corporate requirements
• Filing returns with the Registrar of Companies
• Other services as required by client
• Provide of administration and other services
• Opening bank accounts and other banking activities
• Operating bank accounts
• Invoicing
• Work permit
• Residence permit
• Other services as required by client
• Bookkeeping services
• VAT preparation
• Payroll services
• Preparation of audited financial statements
• Tax consultancy – globally
• Preparation of management accounts
  


Instructions for the formation of Cyprus Company

Please download above document and fax it (+357 22493123) or send it via post to:

Ioannou Theodoulou Ltd
P.O.BOX 28006
2090 Nicosia - Cyprus