Foreign Investment
Cyprus has become one of the world leaders for foreign investment due to the many tax benefits and business friendly regulations for owners. The island allows for businessmen and women of all kinds to enjoy the great advantages of moving or forming a business in Cyprus. Read below to find out how we can help you, your family and business relocate to Cyprus where you can save and enjoy.
Relocation & Offshoring
At GMAP our Tax specialist auditors can help you to find the most effective tax set-up for your needs. We can advise on the the most effective Personal and Business Tax planning, as well as the optimum company structures to ensure that you can get the most benefits. Our team will ensure that we will create the solution type that suits your individual lifestyle ,whether you and your family want to move to and enjoy Cyprus or your group of companies require a European subsidiary, we will create the solution for you.
Company Structure & Formations
Setting up a company within the Republic of Cyprus can be one of the best decisions any company can make for creation or relocation. Some of the benefits include a low Corporate Tax rate of 12.5%, one of the most university educated workforces throughout Europe, business friendly laws and government commitment, and access to the European economic trading zone. Combining Cypriot company formation along with other tax benefits such as the Non-Domicile Tax registration leads to compounding benefits where owners can reap huge savings. Our team will help and guide you through the whole process, selecting and forming the right company structure for you. Whether you require a Limited Liability (Ltd), a Holding Company and subsidiaries, or need to register a Cypriot Investment Firm (CIF, AIF, RAIF), we are here to take care of the hard work for you. Some of the services include name registration, company formation, CySec registration, and registration for VAT and Social Insurance.
Finances and Bank Accounts
All businesses in modern times require bank accounts in order to effectively and efficiently operate. We can open up Cypriot bank accounts and International bank accounts to suit your businesses needs. For those that require more specialized bank accounts such as accounts allowing for Crypt currency transactions, our specialist team can also help you. Furthermore, for clients that require Bank Loans for financing their new venture we can prepare the relevant documentation and represent your company to help secure your loan.
companies of foreign interest
For Non-European owners, one great option that Cyprus has to offer is the “Companies of Foreign Interest” registration. Companies that are formed and meet the requirements, the main one being 170,000 (Euro) capital invested by the Ultimate Beneficial Owner, can be registered as companies of foreign interest and obtain immigration exemptions. These exemptions allow their owners, families, and up-to 10 foreign workers to obtain work and residence permits in Cyprus. This is an excellent option for Non-European owners who want to live and work in a wonderful country such as Cyprus. Our team can both help plan, form, and register your company as a company of foreign interest so that you can enjoy your move stress free.
Employment & Immigration
Our team is here to help you and your family in obtaining your Visas, Residence Permits, or Passports. We can guide and prepare your application so that you can enjoy your stay in Cyprus.
We can help our clients stay on top of their workforce requirements by registering them for Social Insurance and conducting the company’s Payroll. Furthermore we can offer new companies both virtual offices and physical office locations as their business requires. Moreover we offer a variety of Work Permit and Immigration services for those businesses that wish to hire foreign nationals to work in Cyprus.
Cyprus Investment Program
Our team can help you prepare and apply to obtain Cypriot Citizenship for yourself and your family through the Cypriot Investment Program. Foreign nationals who choose to invest 2,000,000 (Euro) in the republic of Cyprus through approved methods and maintain a residence on the island can be eligible for Cypriot Citizenship (Naturalization through exemption). Our team can plan and guide you every step of the way to ensure that your investments and application meet the standards for you to obtain your Citizenship. Please note that currently the Cyprus Investment Program is paused, however all residence programs are still available.
Employment Income Exemptions
Individuals who take up employment in Cyprus and who earn an annual income of more than 100,000 (Euro) annually can be exempt from 50% of their income tax for a subsequent period of 10 years. We can both plan and apply for your tax exemption, filing your Tax Returns for you so that you can save. Our advisors can also highlight the other various tax exemptions that exist for you so that you can obtain the full benefits of working and living in Cyprus. This exemption can also be used for any high-up executives that you also wish to bring to Cyprus within your organization.
Intellectual Property & Tax Savings
Companies that are registered in Cyprus can reduce their tax on profits by up to 80% on income derived from sale or royalties of intellectual property including software and other copyright material. Our team can help your business plan its development and expenditure strategy so that you can optimally take advantage of these tax exemptions. Our team, in addition to helping you plan, can make the application for this exemption so that your business can benefit.
Furthermore, for many businesses and new products the right type of legal protection is paramount to the long term success of their business. Our team can help you register your Trademark and file for Patents.
Audit & Tax
As part of any healthy business structure, well prepared audits and government tax submissions are of vital importance to the continued success of a business. Our Audit team will ensure that your company is taken care of and will produce audits to the highest standard so that you can rest assured that your company’s interests are represented. We offer both annual Company audits as part of government requirements and Forensic audits for those owners that require even greater depth for oversight of their company.
We can help your business save through Tax planning & Advisory.
Growth & Maintenance
Our team is with you for the long run. We can provide financial insight through regular Management Accounts for your companies to help you grow. Furthermore, our specialist advisors can help create growth plans alongside you to help your business achieve the goals it aspires to, including preparation of Financial Projections. Moreover we can help maintain the smooth running of your company through our Bookkeeping, Payroll, and VAT service. Letting you focus on the true strategy and running of your business.
Investment & Venture Capital
Our specialist team can help you through Investment Advisory and Financial Forecasting both for internal and external use. Furthermore we can help prepare and connect you with Venture Capital through our investor network as when your business requires.
Personal & Family Tax Planning
We are here to help you make the most of your wealth. Our team and Tax specialists can help you and your family with your personal Tax & Wealth plan. Areas that we will help you navigate include wealth allocation, company structures and formations, inter-company transactions, Income Tax, employment tax exemptions, Capital Gains, Wealth Taxes and more depending on your individual circumstances.
A well informed plan well executed can make all the difference to your long term growth and safety, so we at GMAP are here for you every step of the way.
Prosperity & Partnership through Cooperative Opportunities
Contact our team today to find out more about our services and how we can help you and your business achieve your financial goals. We look forward to working with you.
