When will the Cyprus Company pay Tax?
faq – Cyprus Company Registration We have 2 types of Cyprus companies, as far as their tax status is concerned. These are: (a) A Cyprus resident company which is taxed at 10% on its profits. (b) A Cyprus non-resident company which is not taxed. The place where management and control of the company is exercised determines the residence status of the company. If the majority of the company Directors are Cypriots, then it can be assumed that decisions are taken in Cyprus and the company is Cyprus resident. This is why we use Cypriot nominee directors. A Cyprus resident pays 10% tax, can get Cyprus Tax Resident Certificate and can distribute to its shareholders all remaining profits without any withholding taxes. Also the company can take advantage of more than 40 double tax treaties that Cyprus signed with various countries. It can get a VAT Registration number. A Cyprus non-resident company, pays no taxes, but it cannot take advantage of the double tax treaties network and cannot get a C
