The term ‘low-tax’ is seldom used in conjunction with any non-offshore European jurisdiction – and yet having a company based and operational from within the European Union is highly desirable for many reasons and for many businesses. For example, if you deal with clients, distributors, suppliers or resellers in Europe, they will prefer to be billed by or invoice a European company.
This leaves many in the position where they feel they need to bring operations onshore to Europe, but they are wary of the high corporate taxation structure generally in place across the entire EU. However, did you know that there is one particular and distinctive EU jurisdiction where they have made it their business to remain competitive to international business, in a bid to diversify their economic reliance away from simply tourism for example – we’re talking about Cyprus!
This means that thanks to our superior contacts at Shelter Offshore and the fact that Cyprus companies pay low rates of business tax, low-tax European company formation is now possible, and you can purchase a company with a guaranteed bank account without even having to set foot on the island or within Europe…
As stated, Europe is a highly desirable place to base your business for reasons of legitimacy, ease of operations and respectability. Europe has some of the most highly respected centres for international business in all areas of economic output – from engineering to finance, from science to manufacturing, from ICT to tourism. However, Europe is not considered to be ‘low-tax’ by any stretch of the imagination!
There are offshore centres within Europe – such as Lichtenstein, Luxembourg, Switzerland, Jersey and Guernsey – but if you’re in international business, you may be required or at least obliged to keep your company’s operational and registered presence firmly onshore.
The good news is that there is one location in Europe that has fought to maintain its competitive taxation edge whilst coming onshore and within the fold of the European Union – we’re talking about Cyprus.
Cyprus is the lowest-tax jurisdiction in European that is not offshore; the standard corporate rate of tax for companies is just 10% - reduced to 0% for shipping companies, and 4.25% for maritime management companies. This is the lowest in the European Union, and the lowest for non-offshore jurisdictional corporate tax rates in the world!
As a direct result, Cyprus is now the premier holding, finance, royalty and trading company jurisdiction in Europe – and perhaps even the world. It is also a secure, investor friendly, open, well-regulated and respected location in which to establish your company, which is why it has been chosen by our respected and preferred company formation specialist contacts.
The advantages of establishing a base for your company in Cyprus are clearly laid out above – the advantages of preferring to choose our company formation specialists include the fact that they have over a decade of experience specifically in the provision of international banking and company formation solutions. Not only that, but because of their unique relationship with one of the leading European banks in Cyprus, they guarantee you a bank account with your company.
You will not be required to provide a bank reference, you will not be required to undergo a credit score, you will not be required to fill in reams of paperwork, you will not be required to visit the bank or even the island. The bank account offered is with a bank that has been in operation for over 100 years, has a Standard and Poors rating of –AA and has over 100 branches worldwide. Clients are offered full internet banking of course, a Visa card and accounts provided are denominated in euros, pounds and American dollars – making it easy for you to transact internationally with your international client or supplier base.
Companies and accounts can be arranged and in place within a week – with a same day service available for those in a hurry – and if you want to know more, please get in touch with us today for a no obligation personal review of your requirements, for free personal advice about your position, or to get your company and bank account in place immediately! Fees are £2,750 for a non-same day service, and include all courier charges and the establishment of your company and your bank account without you having to visit Cyprus.
