Step by step for companies wishing to relocate their bases to Cyprus

By Nick Tsilimidos, L Papaphilippou & Co
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The transfer of the registered office of an overseas company to the Republic of Cyprus, a process colloquially termed “redomiciliation”, contemplates the registration of the overseas company in the Republic of Cyprus as a continuing company.

Nick Tsilimidos L. Papaphilippou & Co 律师事务所 律师 塞浦路斯 Advocate L. Papaphilippou & Co Cyprus
Nick Tsilimidos
L. Papaphilippou & Co
律师事务所
律师
塞浦路斯
Advocate
L. Papaphilippou & Co
Cyprus

Cyprus Companies Law inserted corporate mobility provisions back in 2006, enlivening the country’s already eminent company law framework and breathing life into this increasing trend amongst corporate undertakings globally.

A company that is effectively managed and controlled in Cyprus is liable to a flat corporation tax rate of 10%, which arguably renders Cyprus an appealing destination for resourceful international clients. In addition, the robust and longstanding double taxation treaty network with China, Singapore, Thailand and Eastern Europe consolidates Cyprus as a prolific environment for any mobile-thinking company that seeks proactive tax planning.

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