I am a Spanish citizen currently residing in China and interested in registering a Cyprus-based company through your services.

Hi!

I am a Spanish citizen currently residing in China and interested in registering a Cyprus-based company through your services.

Could you kindly provide details on:

1. The step-by-step process for a foreign individual like me?
2. Required documents (do they need notarization/apostille)?
3. Estimated timeline & costs for incorporation? 
4. Bank account opening assistance for non-residents. 
5. Any tax implications for a Spanish citizen managing a Cyprus company while living in China. 

Dear Client,

Good morning and thank you for your email

We would be happy to provide our services to you

Please find our comments in blue below and let us know if you prefer to have a call to go through your inquiry.

Looking forward to hearing from you.

Remaining at your disposal.

Kind Regards.

Hi!

I am a Spanish citizen currently residing in China and interested in registering a Cyprus-based company through your services.

Could you kindly provide details on:

1. The step-by-step process for a foreign individual like me? First of all we will conduct our Know your Client (KYC) checks (gathering information and documentation such as utility bill, passport, id, etc.) and we will conduct a screening, and once everything is cleared (takes a few days), we will apply for the name of the company at the Cyprus Company Registrar. Once the name is approved we will proceed with the filing of the incorporation of the company. 
2. Required documents (do they need notarization/apostille)? Brochure attached with useful information.
3. Estimated timeline & costs for incorporation? The cost of a CY company is Euros 900 + disbursements + VAT, which is a one off payment. With the speed up process the company will be registered within approximately 2 - 3 weeks max from the date of submitting the application.
4. Bank account opening assistance for non-residents. Euro 950 + VAT (but this is something you can do on your own whenever you are in Cyprus however, it is a very time-consuming and tiresome exercise though), one off. Brochure attached with useful information.
5. Any tax implications for a Spanish citizen managing a Cyprus company while living in China.  Since you will not be a tax resident in Cyprus, in order to benefit from the tax regime in CY, the company must be considered as tax resident, and in order for this requirement to be achieved, the majority of the company's directors must be CY tax residents. In this regard, we offer fiduciary-nominee services for Euros 1800 + VAT, paid every year. Our nominee package includes a nominee director, a company secretary and a registered office address. Also, in respect of dividends, as you will not be a Cyprus-taxed resident, you will not have to pay any taxes in Cyprus. However, you will have to declare this income in the country that you are considered a tax resident and therefore to pay the relevant taxes.