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International Business Companies are the heirloom of Cyprus ' days as a former Offshore Zone. Entry to the European Union meant that Cyprus could no longer be an Offshore zone, but due to the special relationship that the economy has with International Business, International Business Companies were formed as a compromise to maintain the clientele, as well as attract new investors and clients with its elevated prestige as a full European Union member state.

International Business Companies enjoy the lowest corporate tax rate in the European Union(only 10%). Shipping Companies flying the Cypriot flag don't have to pay corporate tax, while Shipping Management companies pay a rate of 4.5%.

Take advantage of Cyprus ' extensive network of finance and legal professionals Cyprus Accountants who have been working for many years with foreign clients, and are aware of all the diverse and unique requirements an International Business Company may or may not need. Formation of an International Business Company takes little time, and little paperwork. The government takes a realistic approach when dealing with International Business Companies. International Business Companies' reporting requirements include an Annual, Audited financial statement and tax return is required to be filed to the Inland Revenue, which is not available to the Public. Annual, Audited financial statement is also required to be submitted to the Registrar of Companies. Assured assistance can always be depended upon, with the help of various, trusted accountancy services (Cyprus Accountants)

GLOBAL EYE PROFESSIONAL ADVISORS LTD is the foremost name for incorporation and management of international business enterprises in Cyprus. click here to enter our web site
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