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Jacobushof 121
Krommenie, NH 1561 Hr
06-67296986 *******
cyprus company registry5. Banking Account After Registration of Cyprus Company

A bank account can be opened for it very easily in one of many banks in the country after the Cyprus company registration. Opening a bank account can be achieved within the absence of the investor that is foreign and fuss free. A bank-account offers all of the necessary services needed for a professional such as internet banking, visa card, digipass, multicurrency, low bank costs, no minimum deposit terms and quick and free transfer of money inside and out associated with country. We utilize many banks inside and out associated with the national nation for fast bank reports. We are official introducer to lots of banks therefore following the Cyprus company registration a bank-account can be exposed as being a matter of routine and also at really fees that are reasonable. Just contact us or email us to get more details.
To learn about Cyprus Registry and company search cyprus, check out the site cyprus registry search (
Cyprus New Tax Legislation - important for Cyprus company development

The legislation that is new regarding company registration in Cyprus into force on 1 January 2003. Under the law that is new income tax is imposed:

In the worldwide earnings of all residents of Cyprus, and
No dependence on audited reports consequently no requirement for an auditor;
On the earnings generated in Cyprus by any non-residents of Cyprus.
A company is known as resident if this has its management and control in Cyprus. Consequently any company that carries down operations outside Cyprus and belongs to non-residents of Cyprus and has its majority of the board of directors outside Cyprus is not prone to taxation in Cyprus. This means that non-resident - offshore organizations in Cyprus cannot take the advantage of any dual tax treaties involving Cyprus but on top of that won't be subject to the change of data guidelines under such treaties.
Having said that, in case a Cyprus company wishes to take advantage of the tax that is double network of Cyprus it's very better to have a lot of the directors in Cyprus and also to offer that all board conferences regarding the company shall occur in Cyprus (we can employ our Cyprus nominees for this function).