Company formation in Cyprus

Dear client,

Good morning and hope you are doing well.

Following our phone conversation and explaining to you the differences between opening a CY company or becoming self-employed in Cyprus, please find below the answers to your questions.

1. Is more preferable to open a CY company instead of being self-employed since you will not be coming to Cyprus and work.
2. With a CY company, the only tax to be paid is 12.5% Corporation tax on the profit of the company.
3. The dividends are tax free.
4. Having insurance, this can be done in Cyprus in order to use it as an expense or in Greece. Kindly speak with any insurance company in Greece in order to guide you accordingly.

Kindly let us know of your thoughts.

Kind regards.