Cyprus is one of the best-performing economy in the European Union. In 2018, the country’s economy grew by more than 4%. This was more than triple the European Union average. There are several reasons for this. The most important is that foreign direct investment has continued to move into the country. Multinational companies are investing billions in the country. In this article, we will look at the best process for foreigners to register companies in Cyprus.
Why Companies Register Companies in Cyprus
There are several reasons why many companies are opting to register their companies in Cyprus. First, Cyprus is a well-known tax haven. The corporate tax rate is about 12%. This is significantly lower than that of the European Union average, which stands at more than 20%. Second, Cyprus is a member of the European Union. This gives companies access to a large market. Third, Cyprus is relatively cheaper to run a company. In addition, they value the strategic location, high security levels, and the good weather.
Buy a Shell Company
One of the best and easiest ways of registering a company in Cyprus is to buy a shell company. This is also known as a briefcase … Read More