Tel: +357 25 028460 Fax: +357 25 028461
Arch. Makarios III, 223, Avenue Court, 1st Floor, 3105 Limassol, Cyprus
Globalize the World
Our Profile Summary
MAGNUMSERVE Group of Companies has been serving the needs of international clients. It was founded on the principles of providing a new platform for the international financial industry by offering a full spectrum of consulting and administrative services.
Our products and services are based on reduced risk. Through a series of private consultations we will ascertain the best strategy for... Read More »
Cyprus' corporate tax rate is the lowest in the EU, the tax regime secures many exceptions and the island’s 34 double taxation treaties remain in force and continue to provide ample opportunities for international tax planning whilst also minimizing legally overall taxes for business and individuals. The 2003 tax reform has made Cyprus one of the most progressive international businesses, financial and commercial centres in Europe.
- Arranging for the certifications(i.e. translation, notarization and apostille)
- Registration to Income Tax, V.A.T. & Social Insurance Department
- Company registration
- Provide nominee shareholder(s) in order to secure required confidentiality
- Provide Nominee director(s), Cyprus residents in order to take advantage of the Cyprus network of double tax treaties
- Incorporation of companies in Cyprus and various jurisdictions
- Provide Registered Office
- Provide Secretarial Services
Increase of the Cyprus VAT Rate, but still the second lowest in EU
The Cyprus Parliament approved last December the increase of the VAT rate by 2%, i.e. from 15% to 17%, and this new 17% VAT rate will be implemented on 1 March 2012.
Intra Group Loans (back-to back loans) through Cyprus
Cyprus Companies are in wide use as major vehicles in international tax structuring mainly due to the broad range of legal and tax related benefits they can offer because of the flexible tax system and the extended network of double tax treaties between