Director Companies

Cyprus Companies (Limited Liability Companies) are commonly used as directors to international single entities or international tax structures for a number of reasons:

 

  • Confidentiality of the Ultimate Beneficial Owner
  • Protection of the Ultimate Beneficial Owner as the Cyprus company used is limited liability; i.e it can be closed down without implications to the shareholders & ultimate beneficial owners
  • Low Company maintenance costs
  • Governed by Common Law (in Cyprus we follow the Anglo Saxon system)

 

Other tax considerations: 

 

  • Remuneration of the Company director is taxed at 12.5% only and the dividends to its Ultimate Beneficial Owner are entirely tax free.
  • Majority of expenses are allowable

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