Cyprus has always been a center of companies’ incorporation and corporate structures, a sector which has been significantly upgraded since its EU Accession on 1st May 2004. With the enactment of its New Tax Legislation and the abolition of the “offshore regime”, Cyprus has put in place a simplified, effective and transparent tax system that is fully EU, OECD, FATF and FSF compliant. The result is a stable EU, “non-offshore” tax-competitive jurisdiction with exciting tax planning potential for EU and non-EU clients alike, whilst maintaining one of the lowest corporate tax rates in the European Union.
Cyprus Law provides that only Cyprus lawyers may incorporate Cyprus companies, and the long experience of local firms has evolved this into a very straightforward procedure. Panagos & Panagos LLC and their associates provide prompt, comprehensive and specialised legal advice and services, with of course strict compliance to the clients’ instructions, in all aspects of domestic and international business and is able to guide and assist clients in all steps of the incorporation process such as:
We provide a full array of legal services, including legal assistance and information on the tax advantages available for Cypriot companies, preliminary legal due diligence, drafting or reviewing of all legal documents, legal transfer of a company to a client and filing of all relevant changes with the Cyprus Registrar of Companies.
We can also establish and administer secure and reliable corporate, trusts and foundations structures for a wide array of private and corporate clients. Under the guidance of the Firm’s lawyers in close co-operation with the company’s accountants and auditors, we ensure that a client’s company complies with all its legal and fiscal obligations.
Moreover, we are able to provide a comprehensive range of corporate administration services, including the provision of nominee services, secretarial services, registered office services and tax compliance.