1. INTERNATIONAL TAX PLANNING IDEAS
DINOS ANTONIOU
C.E.O
GLOBALSERVE GROUP

2. CYPRUS COMPANY AS A TRADING COMPANY
EXPORT COMPANY
IMPORT COMPANY
PROFIT IS TRANSFERRED TO CYPRUS AND TAXED AT 10%
SUBSTANCE IS IMPORTANT
CYPRUS TRADING COMPANY

3. CYPRUS COMPANY AS INVESTOR IN ESTATE CO
PROPERTY OWNED BY ESTATE CO ABROAD IS SOLD BY SELLING THE SHARES OF THE CYPRUS CO WHICH IS THE SOLE SHAREHOLDER OF THE ESTATE CO
0% TAX ON PROFIT FROM SALE OF SHARES
OFFSHORE COMPANY
HOLDING CYPRUS CO
ESTATE CO ABROAD

4. CYPRUS COMPANY AS AN INVESTMENT COMPANY TRADING IN SECURITIES
PROFIT IS TAX EXEMPT
USE OF DOUBLE TAX TREATIES
NO WITHHOLDING TAX ON DIVIDENDS OUT OF CYPRUS
CYPRUS CO
TRADING IN SECURITIES
BUY SECURITIES
SELL SECURITIES

5. CYPRUS COMPANY AS A HOLDING COMPANY
NO WITHHOLDING TAX FROM DIVIDEND PAID FROM POLISH ( OR OTHER EU) SUBSIDIARIES AS PER PARENT SUBSIDIARY DIRECTIVE
ZERO OR LOWER WITHHOLDING TAX FROM NON EU TREATY SUBSIDIARY ( BASED ON DTT)
ZERO TAX IN CYPRUS ON DIVIDEND
NO WITHHOLDING TAX ON DIVIDEND PAID TO NON RESIDENT BY CYPRUS CO INCLUDING OFFSHORE COMPANIES
ULTIMATE HOLDING CO
CYPRUS HOLDING CO
NON EU
TREATY SUBSIDIARY
POLISH SUBSIDIARY
(EU CO)

6. CYPRUS COMPANY AS A FINANCE COMPANY
PROFITS REDUCED IN OPERATING COUNTRY DUE TO THE INTEREST PAID TO CY CO
SMALL INTEREST MARGIN TAXABLE AT 10% IN CYPRUS
NO WITHHOLDING TAX ON INTEREST
OFFSHORE COMPANY
CYPRUS FINANCING CO
OPERATING CO

7. CYPRUS COMPANY AS A ROYALTY COMPANY
Plan:
Parent co establishes Cyprus royalty co to collect royalties from Polish co
Benefits:
No WHT on royalty from Polish to Cy co
Tax on profit 10% in Cyprus on the net amount of the royalty income
Royalty is deducted from taxable profit in paying company
No WHT on royalty from Cyprus to the parent co or another franchisor
Parent Co or
Franchisor
Cyprus royalty Co
0 WHT
10%
Operating Polish co
0 WHT

8. UNITED KINGDOM COMPANIES- Cyprus tax residents
Most of our clients use UK Companies as non-UK residents because of the high tax rate in UK and elect to be Cyprus tax residents
Management and control is in Cyprus
As Cyprus tax resident, tax is paid in Cyprus and can enjoy all benefits of the extensive double tax treaties network of Cyprus but not of UK double tax treaties
If VAT is needed then we incorporate a Cyprus branch at the Cyprus Registrar of Companies
VAT registration is obtained the same day

9. ADVANTAGES VS DISADVANTAGES OF UK CO. RESIDENT IN CYPRUS
Taxed at a lower tax rate (the lowest in Europe)
Easier VAT registration procedure and requirements
Tax Authorities in Cyprus much less strict
Lower tax penalties
UK image can be used
Double Tax Treaty between Cyprus and Poland apply
DISADVANTAGES
Cyprus network of DTT less extensive than UK
UK tax residence certificate cannot be obtained

10. Principal-Agent Agreement
Agency structure
Offshore Principal
Principal-Agent Agreement
UK / CY Company
Purchase
Sale
Goods
Polish Company
Buyer

11. LEGAL ASPECTS OF A CYPRUS INTERNATIONAL BUSINESS COMPANY
LIMITED COMPANIES
PARTNERSHIPS
BRANCHES
COMPANY INFORMATION FILED AT THE REGISTRAR
EASY REGISTRATION PROCEDURE
TO SERVE OUR CLIENTS BETTER AND QUICKER WE HAVE READY MADE ‘OFF THE SHELF COMPANIES’

12. REGISTRATION REQUIREMENTS
APPROVAL OF NAME
SHARE CAPITAL: MIN
€ 100
SHAREHOLDER: AT LEAST ONE INDIVIDUAL OR COMPANY-NOMINEE SHAREHOLDER SERVICE
DIRECTOR: AT LEAST ONE CYPRIOT OR ALIEN- NOMINEE DIRECTOR SERVICE
SECRETARY: INDIVIDUAL OR COMPANY
REGISTERED OFFICE IN CYPRUS
AUDITED FINANCIAL STATEMENTS

13. SHAREHOLDING
BENEFICIAL SHAREHOLDERS CAN EITHER HAVE THE SHARES REGISTERED IN THEIR NAME AT THE REGISTRAR OF COMPANIES
OR CAN USE NOMINEE SERVICES I.E THE SHARES WILL BE HELD BY OUR NOMINEE COMPANIES IN TRUST FOR BENEFICIAL OWNERS TO ENSURE CONFIDENTIALITY

14. PROTECTION IN CASE OF NOMINEE SHAREHOLDERS
REPUTABLE NOMINEES
DECLARATION OF TRUST IS ISSUED BY THE NOMINEES
SIGNED INSTRUMENT OF SHARE TRANFER IS GIVEN BY THE NOMINEE TO THE BENEFICIAL OWNER
CONFIDENTIALITY IS SAFEGUARDED AS :
COPY OF THE PASSPORT IS HELD WITH US AND THE BANK ONLY
THE BANK DOES NOT DISCLOSE THE INFORMATION UNLESS IN CRIMINAL CASE

15. SUMMARY OF CYPRUS COMPANIES BENEFITS
LOWEST CORPORATE TAX RATE IN EUROPE – 10%
LOWEST VAT STANDARD RATE IN EUROPE – 15%
EASY VAT & TAX REGISTRATION PROCEDURES
EASY AND FAST OBTAINANCE OF TAX CERTIFICATES
THE BEST DTT WITH RUSSIA
LOW INCORPORATION & MAINTENACE COSTS
TRANSACTIONS WITH OFFSHORE JURISDICTIONS ARE FULLY ACCEPTED
SAME DAY OPENING OF BANK ACCOUNT
HIGHLY EFFICIENT BANKING OPERATIONS
PROFESSIONAL SERVICES OF HIGH STANDARDS
!!! BEAUTIFUL WEATHER !!!

16. GLOBALSERVE CONSULTANTS
GLOBALSERVE CONSULTANTS IS THE FIDUCIARY/SERVICE PROVIDING COMPANY OF THE GROUP DINOS ANTONIOU & CO LTD (AUDITORS AND ACCOUNTANTS)
WHY US ??? BECAUSE…
GLOBALSERVE PROVIDES FULL RANGE OF SERVICES INHOUSE THROUGH OUR EXPERIENCE TEAM OF ACCOUNTANTS, AUDITORS, TAX CONSULTANTS, LAWYERS AND CORPORATE OFFICERS, AS FOLLOWS :
TAX&FINANACIAL CONSULTANCY
FORMATION OF INTERNATIONAL BUSINESS COMPANIES (IBC) FROM 25 JURISDICTIONS
MANAGEMENT OF IBCs
OPENING AND OPERATING BANK ACCOUNTS IN CYPRUS & ABROAD
LEGAL&CORPORATE SERVICES, INCLUDING DUE DILIGENCE AND ESCROW SERVICES
ACCOUNTING&VAT SERVICES
FIDUCIARY/NOMINEE SERVICES
TRUSTS&TRUSTEES SERVICES
VIRTUAL OFFICE/ REAL OFFICES FOR RENT WITHIN THE GLOBALSERVE BUSINESS CENTRE
OFFICES PROVIDE SUBSTANCE TO THE CLIENTS’ COMPANIES
WEALTH ASSET MANAGEMENT VEHICLES E.G. FUNDS
AUDIT THROUGH OUR AUDITING FIRM DINOS ANTONIOU & CO LTD

17. GLOBALSERVE CONSULTANTS
LARGE NUMBER OF JURISDICTIONS OFFERED
CYPRUS COMPANIES
OTHER EUROPEAN JURISDICTIONS
UK, Dutch, Swiss, Malta, Denmark, Luxembourg, Liechtenstein etc
NON EUROPEAN JURISDICTIONS
Hong Kong, UAE, Singapore, etc.
OFFSHORE JURISDICTIONS
BVI, Belize, Delaware, Isle of Man, Seychelles, Panama, Marshall Islands, Mauritius Islands, etc.
SHELF COMPANIES FROM 10 JURISDICTIONS with apostil documents at our office for immediate use, including list of aged companies.
DIFFERENT NOMINEES OFFERED IN CYPRUS AND IN OTHER JURISDCTIONS: Physical or legal entities nominee directors/ shareholders/ secretary and registered office addresses to cater the needs of big groups
BANK ACCOUNT OPENING in one day in Cyprus and in many other countries in a short period of time through the network of banks for which we are approved introducers
EXPERIENCED IN THE MARKETS OF RUSSIA, UKRAINE AND THE CIS COUNTRIES SINCE 1994
WE ARE A REGULATED COMPANY YOU CAN TRUST!!!

18. CONTACT US GLOBALSERVE CONSULTANTS LTD 9 VASSILI MICHAELIDES
3026, LIMASSOL-CYPRUS
P.O BOX 57048, 3311, LIMASSOL, CYPRUS
TEL ,
FAX
WEB SITE:
CONTACT PERSONS:
DINOS ANTONIOU, C.E.O
PHANI SCHIZA ANTONIOU, MANAGING
DIRECTOR

19. THANK YOU