Kind of company | Private joint-stock company |
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Legislation and authority | Cyprian companies are regulated by the Cyprus Companies Law, cap 113, and the reference authority is the Cyprian Bar Association |
Information about company directors | Directors’ names must be indicated in the register of companies, but it’s also possible to make use of a nominee |
Privacy | Fully guaranteed |
Accouting duties | Yes |
Taxaction | The lowest European taxes (rate of 10%). |
standard currency | US $. |
Time of constitution | Efficient registry office |
Stability | Stable and well-known jurisdiction |
Comunications | Good means of communication |
Time zone | GMT+2. |
Secretary obligations | Yes |
Legal system of reference | Common Law. |
Capital to pay | No obligation of capital |
Minimum number of Directors/shareholders | At least 1 director/shareholder |
Share to the bearer | Allowed |
Costs | €3400,00 for company constitution – €1900,00/ per year for its maintenance |