Advantages of Forming a Company in Cyprus

Have you been looking for a country to start your company?

 

Do you want to start your business in a country that has a low corporate tax rate?

If so, you can choose Cyprus.

Cyprus is a European member state that is famous amongst entrepreneurs and investors for forming a company. This country island offers so many different benefits that make the process of GFA company formation easy.

Over the past decade, many entrepreneurs formed their new entities in Cyprus, and they are happy with their decision because of the following reasons:

● Favorable corporate tax legislation: The first and most important benefit of incorporating a Cyprus company is the corporate tax rate it has and the straightforward taxation system it follows. The Cyprus corporate tax is only 12.5% and is one of the lowest in Europe. With such a low corporate tax, if you have business operations in Europe, Cyprus is the best place to corporate your new legal entity.

● No Nationality Restrictions: Cyprus corporate and business law does not impose any restrictions on the owner's nationality.

● Double tax treaties: Another benefit of forming a Cyprus company is the high number of double taxation treaties with non-European counties (+65 double taxation treaties). Double taxation treaties are fundamental since Cyprus companies that have operations in both countries are obliged to pay business taxes, firstly at the lower tax rate of the two countries and then proceed with the remaining difference in the high tax rate country.

● Registering a company: In Cyprus, registering a new entity is very easy, fast, and straightforward.

If starting a new company in Cyprus sounds like a great idea, visit GFA Trust's website today to learn more about the procedure. GFA Trust is a reliable company that specializes in offering corporate and fiduciary services around the globe.

The company works with experts who have many years of experience in corporate and business law. The professionals working with GFA Trust are highly experienced and knowledgeable and can help you set a new entity in all of your business steps. You can contact this company today to get GFA incorporation services.

About GFA Trust:

GFA Trust is a leading company that has a good reputation for offering corporate fiduciary services.

For more information, visit https://www.gfatrust.com/

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