Common Set Ups for Israel Interest Businesses
CIF & Forex Companies
The considerably less strict Cyprus Regulator (CySec) of Investment and Forex Companies (especially when compared to the United Kingdom and New York regulators) made Cyprus an International Hub of Forex Companies especially amongst the Israel people who enjoy the regulatory, business and tax advantage Cyprus has to offer to their Investment or Forex companies.
Holding of Investments
Over the years we have experienced extensively the usage of Cyprus companies as holding of investments or acting as parent companies of various other companies in numerous jurisdictions. The 0% Dividend Tax Paid amongst group companies (in the vast majority of cases) and the group loss reliefs available seem to be the key factors for the usage of such companies.
Acting as Directors in other Companies
In order to protect the anonymity of the directorships of multi-jurisdictional companies, some of our Israel clients use Cyprus Companies as the directors. These companies like any other Cyprus companies need to prepare accounts and audited financial statements as well as to comply with all local Tax and Registrar laws, like any other Cyprus company, even if they do not actually carry out trade. "Edit Content" from the Edit (Pencil Icon) Action Menu.
Learn more about Cyprus Taxation
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