Even though Cyprus provides its own Forex and Gambling licenses, Cyprus companies are often used as a billing agents which act on behalf of license’ holders.

Either way in order to make the first steps toward receiving of any type of licenses you have to establish a legal entity/company.

VS Consulting can assist you in proper company formation, structuring and statutory maintenance in Cyprus. We will make sure that your legal structure correspond to all the requirements which an applicant has to fulfill in order to obtain the license.

Cyprus is famous with low flat corporate tax rate, strict privacy laws and good geographic location.

There are no requirements for minimum issued share capital. Information about directors and shareholders is public. All companies must have a registered address in Cyprus. The company must file annual audited financial statements.

Tax rates

• Corporate Income Tax - 12,5%

• VAT - 19%

• Withholding tax on Dividends for legal entities and non residents - 0%

• Withholding tax on Dividends  for residents - 17%

• Withholding tax on Royalties 0-10%

• Withholding tax on  Capital gains 20%

KYC and AML requirements

All our clients prior onboarding have to go through our Due Diligence procedure which includes our AML and KYC checks.