Kronenburg Estates S.L.
Nr:2, Apt:2 Shafaq dead end, Vaezi alley, Shariati str.,
Postal code: 1934657641
Tehran, IRAN
+982122724700
teh-hq@kronenberg.eu5.org
Subject : Business trip
Dear customer,
Thank you for printing this page, obviously you found something of interest, we can help you with your documents and make sure that your planning to make a business trip toCyprus we can help you with the burdon of getting all required documents for your whole delegation. Generally spoken we can help you with :
- Attending Inquiries for Any Countries' Visa Assistance (Source - Email, Call or office appointment)
- Solving Visa Related Queries
- Preparing The Basic Set to Be Forwarded for Further Processing
- Coordinating with The Operations and Keeping the Client Updated On The Visa Status
- Promoting and Cross Selling Other Services (Packages, Tickets, Insurance, Etc.)
- Research On the Latest Updates of Visas
- Marketing, To Grow the Flow of Business
- Dealing with Disciplinary Matters and Customer Complaints
We hope to see you soon in our office to review the details of your programs, we will help you with your efforts,
M.J. van't Zand
Marketing manager
Company formation
Cyprus tries to attract foreign investors by offering long-term low taxes and flexible company law regulations. The crisis in the Cypriot banking system has not affected these regulations, so the country continues to be one of the best jurisdictions for company registration.
The most commonly used type of company in Cyprus is the limited liability company. Limited liability companies must have equity of at least EUR 1,000,. The company is only required to have one Director, one company secretary and one shareholder.
The company must have a local address, which qualifies as its official registered seat. The business is entitled to transfer its official address to another country at any time provided that the Memorandum and Articles of Association of the company allows such changes and that the new seat can provide the authorities with the acceptable documentation.
The 12.5% corporate tax rate offers a favorable tax environment for companies registered in Cyprus. Moreover, this tax rate is not the lowest in the EU, therefore Cyprus is not regarded as a jurisdiction for offshore company registration. In addition to corporate tax, companies are also required to pay a fixed amount of EUR 350 as duty every year payable to the Cyprus Registrar of Companies t. Also, several types of income are exempt from corporate tax by local regulations. One of the most important advantages of Cyprus is that the profit coming from the sale of securities is exempt from taxes provided that certain minor conditions are met. Securities are broadly defined since a business share (stake) and portfolio investment of financial instruments both belong to this category. The dividend paid out by Cypriot companies is also free from corporate tax provided that certain minor conditions are met. It is important to stress here that 80% of the royalty earned from intellectual property is free of tax provided that the conditions for the Intellectual Property Regime are satisfied. Dividend, royalty and interest payments paid by local companies to foreigners are fully exempt from withholding tax in Cyprus. In addition to all this, Cyprus is one of the countries which has signed the largest number of international Double Taxation Treaties, which provide additional opportunities for tax planning.
Companies are required to prepare Audited Annual Financial Statements to be submitted to the local tax authorities and the Cyprus Registrar of Companies.
Regional features
- Audit obligation: Yes
- Continent: Europe
- Disclosure of beneficial owners: No
- EU VAT ID available: Yes
- Local manager required: No
- Minimum paid-up capital: None
- Obligation to submit an annual report: Yes
- Tax system: Preferential tax
