can i open a cyprus company if i do not leave in cyprus? will i be able to pay the local taxes with a goal to invest in local realestate or i can have issue with my actual residency country?
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Cyprus company for non residence
- Thread starter hazi
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Yes of course you can do that.
We have specialists around here @CyprusLawyer101 @CyprusLaw & @CyprusBusiness
We have specialists around here @CyprusLawyer101 @CyprusLaw & @CyprusBusiness
Yes, you can open a company in Cyprus without living in or ever visiting Cyprus.
The company can become tax resident in Cyprus. The easiest way would be to ensure that the majority of the company's directors are resident in Cyprus.
The company might also be tax resident where you live, depending on what your local law says about tax residence. Speak with a local professional.
The company can become tax resident in Cyprus. The easiest way would be to ensure that the majority of the company's directors are resident in Cyprus.
The company might also be tax resident where you live, depending on what your local law says about tax residence. Speak with a local professional.
Indeed, I total agree with Sols and Koohl.
Forming a tax resident company while the investor/majority shareholder resides abroad needs careful planning from both Cyprus level and the country of residence of the shareholder.
PoEM on Cyprus level is satisfied (as Sols mentioned) by using local directors but more in depth analysis of the activities and scale of business needs to be made to tackle aspects of substance, CFC rules, Double tax treaties and ATED.
Happy to PM you if you need assistance.
Forming a tax resident company while the investor/majority shareholder resides abroad needs careful planning from both Cyprus level and the country of residence of the shareholder.
PoEM on Cyprus level is satisfied (as Sols mentioned) by using local directors but more in depth analysis of the activities and scale of business needs to be made to tackle aspects of substance, CFC rules, Double tax treaties and ATED.
Happy to PM you if you need assistance.
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