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Cyprus offshore

While Cyprus is not a classic offshore jurisdiction, it remains a popular destination for businesses from all over the world. This is due to significant benefits created for offshore companies in Cyprus:

  • Cyprus offshore is the jurisdiction imposing the lowest income tax in the European Union. The tax rate is only 10%
  • access to EU market which is made possible by businesses paying VAT
  • agreements aimed at helping businesses to avoid double taxation
  • Cyprus offshore company is considered to be reputable and credible, therefore attracting more clients and partners
  • Cypriot legislation makes it possible to avoid double taxation. Cyprus signed appropriate agreements with 18 countries

Given these benefits, the only drawback for companies in Cyprus is a 10% tax which is significantly higher compared to other offshore jurisdictions.

cyprus

Cyprus company formation:

how to open an online casino

In order for the company to be registered in Cyprus, you need to undergo a series of steps. Typically, you need to:
  • collect and submit the necessary application documents for review
  • open offshore account in Cyprus on behalf of the newly created company
  • receive a legal address for your online casino from the island’s authorities
  • pay the registration fees

Once you have received the certificates and stamps, Cyprus company register process is complete. Nowadays, you don’t have to bother yourself with a complicated and long application. Our team will keep you updated on the required documents and make sure that all fees are being paid in a timely manner. 

You can also acquire a shelf company to speed up the registration process. Contact our support team to learn if shelf companies are available at the moment. They can be bought according to a simplified scheme in only 1-2 days. 

Online gambling in Cyprus

 

Online gambling is successfully operating in Cyprus for more than 40 years. Online casinos prefer registering in the Northern Cyprus particularly known for its loyal attitude towards gambling. Thanks to a number of laws, a whitelisted status and the lowest income tax in the European Union, Cyprus is a good opportunity to conduct your business according to the letter and spirit of the law. Overall, if your goal is to enter the European and global markets and enjoy a reputable standing, an offshore company in Cyprus would be a good choice.