Corporate Tax for Cyprus Company 0% - possible?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 19, 2010 -- Cyprus Companies have to pay a 10% corporate tax if they are incorporated as resident companies which status the majority of companies have and which gives several privileges like VAT registration, Double tax treaties and a Cyprus Tax Resident Certificate which is important to minimize the tax in your home country if applicable.

For nonresident Cyprus companies or Offshore companies there applies a 0% tax means they are entirely exempted from any corporate tax in Cyprus. Depending on where one live (which country) it can be of a huge benefit to have the Cyprus company to gain the privilege as an Offshore Company but it may as well have its limitation, for instant it is not possible for a Cyprus Offshore Company to obtain a Cyprus Tax Resident certificate, a Cyprus Offshore company can as well not be registered for VAT and the double tax treaties are also not applicable here.

I have seen on the company registrar in Cyprus's website that there is no such thing as a Cyprus Offshore company, how comes you offer this ?

The above questions is one of the most common questions we get in the middle of a discussion with new clients, when we ask where they found this information they refer to a publication which makes reference to the years 2002, 2003 and 2004 and which isn't valid any longer, what they found there is the following:

Learn more

http://www.cclogic.com/forum/blogs/admin/125-corporate-tax-cyprus-company-0-possible.html

More information can be found online at http://www.cclogic.com/cyprus-company-formation/Cyprus-Company-Formation.html

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