Cyprus is a reputable European jurisdiction with no offshore status and profit tax (income tax) is 12.5% - the lowest income tax in Europe. If a Cypriot company sells goods and services to residents of the European Union, there is also a need to pay VAT (VAT). A company in Cyprus provides some opportunities for tax planning, depending on the specifics of the business.
A Cyprus company is exempt from VAT (VAT) if the recipients of the goods and services provided by the Cyprus company are non-EU residents.
A company registration in Cyprus allows you to use the advantages associated with the use of the tax treaties for the avoidance of double taxation agreements concluded between the Republic of Cyprus and other countries (including Russia).
Russia, Ukraine, Belarus and most of the CIS countries (except Georgia), Austria, Belgium, Bulgaria, Great Britain, Hungary, Germany, Greece, Denmark, Egypt, Ireland, Italy, Canada, China, Kuwait, Malta, Norway, Poland, Syria, Slovakia, USA, Romania, Czech Republic, Sweden, Finland, France, former Yugoslavia.
A registered address and a secretary (legal entity or individual) are required in the territory of Cyprus.
The minimum number of shareholders is one (natural or legal person).
The minimum number of directors is one (natural or legal person). Nationality and residency do not matter.
The director and the shareholder can be the same person.
It is recommended that at least one director in a Cyprus company is a resident of Cyprus, which will allow using the advantages associated with the conclusion of treaties for the avoidance of double taxation between Cyprus and other countries.
We will help you to do the following:
Incorporate a company.
Provide a nominee service.
Provide the service of renting registered and actual offices.
Saint Vincent and Grenadines
Saint Vincent and the Grenadines is one of the most popular jurisdictions for Forex trading business . The lack of regulation of this type of activity is the main advantage of this country. Unfortunately, Saint Vincent and the Grenadines is no longer a tax-free jurisdiction, and all companies incorporated from 2019 must pay 30% tax on international income. The Financial Services Authority (FSA) is already considering introducing a territorial taxation principle, so it is likely that Saint Vincent and the Grenadines will once again become a tax haven for foreign businesses.
The minimum authorized capital is not established. The declared capital may not be paid.
Director - At least 1 individual or legal entity, no residency requirements.
Shareholder - At least 1 individual or legal entity, no residency requirements. A director and a shareholder can be the same person. It is possible to use a full nominee service.
Secretary - not required.
The company is required to have a registered office in Saint Vincent and the Grenadines.
To conduct forex activities, you need to obtain a legal opinion stating that this type of activity is not regulated in Saint Vincent and the Grenadines. Only certified lawyers or notaries can issue this legal opinion.
Registration the company in the Marshall Islands is an excellent jurisdiction for a new FOREX business. Being a tax heaven is not the only advantage. There are no foreign exchange business regulations so a lot of forex brokers companies choose the Marshall Islands due to low costs.
Incorporation of the company in the Marshall Islands takes only a few days. The process itself has undergone some changes; however, as before, it is quite simple. Registration fees are small, and renewal fees for businesses in the Marshall Islands are also affordable.
However, it is worth noting that the new requirements regarding economic substance oblige companies to operate on the territory of the islands. You need to receive a confirmation about substance, which is issued by the register and is easy to obtain.