Cyprus accounting offices and UK non-Resident Companies

Cyprus accounting offices and UK non-Resident Companies


A company incorporated in a foreign country is considered to be a tax resident of Cyprus if it is managed and controlled in Cyprus . A foreign company to be managed and controlled in Cyprus is expected to have the majority of directors to reside in Cyprus and to hold Board Meetings in Cyprus .


A UK register company managed and controlled from Cyprus and with activities outside UK will not be taxed in the UK but it will be considered a tax resident of Cyprus.


The UK Company will be register in Cyprus with the Registrar of Companies as a foreign company and with the tax authorities as a tax resident of Cyprus .


The advantages of a UK register non-resident Company are the following:


Corporation tax

The profits of the UK non-resident company managed and controlled in Cyprus will be taxed in Cyprus at rate of 10% which is the lowest corporate tax rate in the entire European Union.


Reputation

Take advantage of the UK reputation.


Double Taxation Treaties

Cyprus has concluded tax treaties with more than 40 countries worldwide. A UK register non-resident company managed and controlled in Cyprus can take advantage of the Double Tax Treaties concluded by Cyprus .


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