Cyprus offshore company formation is a popular way to organize international business, which allows you to combine legality, tax benefits and ease of asset management. Such companies are usually registered as International Business Company (IBC) and are suitable for holding companies, investment funds, trade, IT and fintech projects.
The process begins with choosing a company name and preparing statutory documents, which are submitted to the Cyprus Companies Registry. A mandatory requirement is to have a legal address in Cyprus and appoint a company secretary. Founders and directors can be foreign citizens, which makes the procedure accessible to international investors.
An offshore company in Cyprus allows you to conduct business in different countries, taking advantage of double taxation agreements and a low corporate tax rate of 12.5%. It also simplifies financial management, as the company can open multi-currency accounts and effectively make international payments.
