Country's features:

Geographic location	Mediterranean, off the Lebanese-­‐Syrian coast
Political regime	Presidential democracy (south), military regime (north)
Population	1 138 071 (2012)
Language	Greek, Turkish
Currency	Euro
Time zone	GMT+2

Features of the incorporation of a company:

Type of company	Private Limited Company (LTD)
Capital required	No minimum capital is required
Legal system	Common Law with various influences: Greek, French, Muslim
Number of directors/shareholders	Minimum, 1 director/ 1 shareholder
Anonymity and confidentiality	The directors' and shareholders' names appear in the Public Registry. The services of a nominee can be used
Secretary service	Yes
Corporate tax	12,5%
Wealth tax	0%
VAT	19%
Government taxes	Yes: N/A
Accounting requirements	Mandatory to keep accounts and file annual reports
Bearer shares	Unauthorized
Exchange control - non-residents	No

Related links:

• Government of Cyprus website: http://www.cyprus.gov.cy/