Company registration in Cyprus

After Cyprus joined the European Union, the island's legal structure was significantly changed. New rules for maintaining accounting records were also introduced and optimized tax system of Cyprus.


Mutually beneficial cooperation with the Company "E-COMMERCE BROKER"

Successful investment in Cyprus provides an excellent opportunity to obtain a residence permit in the shortest possible time. The island state is located in EU offshore zone, as a jurisdiction with favorable international/tax opportunities.

Foreign entrepreneurs who want to quickly reach European trade market, choose company registration in Cyprus. Experts from the E-COMMERCE BROKER Company will be happy to provide competent assistance in opening an organization on the resort island.

The gambling business is always associated with risks, and therefore is a high-risk type of electronic commercial activity. This creates a number of features for the owner of such a business when opening payment gateway for the purpose of accepting payments from players and making payments to their credit cards.

If you are the owner of an online gambling business, then you cannot do without the help of a professional team of experts. Since business income comes from the ability to accept payments from clients, it will not be possible to conduct business successfully without a merchant account.

When a businessman personally deals with a high-risk type of electronic commercial activity, acquiring banks, as a rule, refuse to service accounts, since they do not want to take risks and incur losses from such a specific industry as the gambling business.

The company "E-COMMERCE BROKER" is a reliable payment service provider, which cooperates with various types of gambling business:

• online casino;

• puzzles;

• simulators;

• bookmaker bets or any other types of online games.

We offer individual solutions for each individual type of online commercial activity, taking into account the specifics and characteristics of the company. We serve both casinos from the EU and casinos from offshore jurisdictions.

Tax advantages in Cyprus

  1. A Cyprus company is exempt from paying income tax, provided that the director of the organization is a non-resident of the island and the company does not operate in Cyprus.
  2. Lowest corporate rate tax payment in the European Union - 12,5%.
  3. Current agreements on no double taxation with 65 countries from around the world, including Russia/Belarus/Ukraine.
  4. The amount of value added tax is from 5 to 19%. An organization is exempt from paying this tax if it provides services or sells products for various purposes to non-residents of Cyprus.

When choosing a jurisdiction, it is important to focus on various details and consider the current situation individually

    • type of activity of the organization;
    • currency risks;
    • conditions for income distribution;
    • conditions for residents/non-residents;
    • assigned tasks;
    • the amount of authorized capital upon creation of the organization;
    • protection of enterprise assets.

To register a company in Cyprus, you will only need to wait 1 week. The period for registering an organization on the island primarily depends on the chosen type of company. The official registration period for private enterprises with a PA in Cyprus is 10 days. 

Provided that the documentation package is compiled correctly and by an experienced expert, registration can be completed in 5 working days. If we are talking about opening a holding company/foreign company, then the turnkey registration period may take 2-3 weeks.

Have any questions or would like to apply for company registration in Cyprus? Call or write, we will definitely work together and provide effective assistance at the start of your development business in Cyprus.

Company registration in Cyprus

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Register a company in Estonia

Name of serviceService cost
Company registration, notary fees, legal services and government fees. € 950
Providing legal address, agent and secretary, annual registration fees€ 800
Nominee Directorfrom €790 per year
Nominee shareholderfrom € 490 per year
Preparation and submission of financial statements (from the second year)from € 70
Order fulfillment time3-5 working days.

Necessary information for registering a company in Latvia

Authorized capital

To register a company (SIA) in Latvia, you must deposit an authorized capital of 2800 Euro. The authorized capital may be paid in two installments within 1 year.

It is possible to open a company with a capital of 1 Euro.

The set of company documents includes: 

  1. Decision to establish a company;
  2. Company Charter;
  3. Extract from the Register of Enterprises.

Managment structure 

A member of the board and a shareholder can be one single person, either an individual or a legal entity, without reference to residency. For remote registration of a company, shareholders prepare and certify a special power of attorney to carry out the registration procedure; the director is required to agree to hold the position of a member of the company’s board, certified by an apostille.

Public information 

The name of the company, company identification number, legal address, information about members of the board, the size of the authorized capital, and financial statements of the company are publicly available data. The register does not contain information about shareholders, but it can be obtained from a notary.

Financial reporting and audit

Latvian companies must prepare and submit an annual financial report to the tax authority within six months after the end of the tax period. The tax period (fiscal year), as a rule, coincides with the calendar year, but you can determine it yourself by notifying the tax authority.

The cost of our services for preparing financial statements for a dormant company is EUR 300. The cost of reporting for an active company is calculated individually depending on the number of transactions performed on the bank account.

An audit is required when the following two conditions are met simultaneously:

  • The number of company employees is equal to or exceeds 30 people;
  • The balance sheet volume is equal to or exceeds 1 million euros;
  • The income or sales amount is 2 million euros or more;

or one of the conditions below:

  • Number of employees – 90 or more;
  • The balance sheet volume is equal to or greater than 3,5 million euros;
  • Income is 6 million euros or more.

Basic taxes 

The main tax advantage of Latvia is the absence of tax on retained earnings (0%). Thus, only dividends paid to shareholders and shareholders are subject to taxes. Tax on dividends paid is 20%. If the profit is derived from dividends of a subsidiary or foreign representative office of the company, then dividends paid to shareholders are exempt from taxes.

The standard VAT rate is 21%.

Order fulfillment time

Registration of a company in Latvia or re-registration of an existing company takes about 5 days from the moment the client provides all the necessary information and documents.

Company registration in Cyprus

Capital - Tallinn.

Population - The population of Estonia is approximately 1,3 million people.

Political structure - Parliamentary republic.

Legal system - Estonia is a country of the Romano-Germanic legal system with its own distinctive features. The main legislative act of the country is the Constitution, adopted in 1992. A legal entity in Estonia is registered in accordance with the Commercial Code of 1995.

Infrastructure and economics

The share of the service sector in Estonia's GDP is 69%, industry - 29%, agriculture - 3%

Language - Estonian.

Currency - Euro (EUR).

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