Cypriot holding company | Cyprus Offshore holding

Cypriot holding companies
– Package solution

Let a holding company own at least 15% of your private limited company and exchange profit abroad tax-free following a fully legal model. See a tax expert’s comments in the text below.

• Reduce risk by paying dividends to an external business
• Demands from creditors don’t affect your holding company
• Dividends can be paid tax-free to your holding company

The use of holding companies is highly advantageous for both small and large companies. Holding companies can be established in Denmark pursuant to Danish rules; however, in most cases it will be better to do it in other EU countries, since broader and more advantageous rules exist in some of the member countries.

Cyprus is a member of EU and is internationally recognized as a financial centre. The country is subordinated to the overall rules adopted by EU; thus, making it the perfect location to establish a holding company for a Danish private limited company. However, it is required that the management must be of Cypriot origin if you want to transfer dividends from Denmark and avoid taxation in Cyprus. In practice, a nominal Cypriot director can be used.

Dividend received from Danish companies is exempted from taxation.

A Danish private limited company can transfer its earnings to Cyprus after having paid corporation tax of 28% (2006). It does not need to pay further taxes since it has already paid corporation tax in Denmark, and Cyprus is a member of the EU.

How does it work in practice with payment of dividend?

When dividend is paid, forms 06.016 and 06.024 are submitted to Tax Centre Ballerup. The forms can be found in SKAT’s home page. Alternatively, the information can be reported via the TastSelv service.

We offer professional assistance from Danish accountants to handle the payment of dividend in practice. Our package solution includes one hour for assistance in filling out the forms in consultation with an accountant.

Thus, in practice there doesn’t seem to be any significant difference whether the dividend is paid to a parent company in Denmark or to a parent company in Cyprus.



See the statement from Ulrik Sand Poulsen, Tax Consultant at Taxpartner in Herning.

Dividend paid from Cyprus

When your profit from Denmark has been transferred to Cyprus, it can be transferred again, e.g. to an offshore company. Cyprus does not tax profits transferred from a local holding company whether or not its owners are Cypriots or foreigners.

We recommend a Panama holding company, but a Scandi Card NONAME Visa Electron solution is also feasible.

Offer

A Cypriot Holding company with a local director (from our associated accounting firm), an address for one year with forwarding of mail to Denmark, a nominal owner, a secretary, a “tax residence certificate” from Cyprus which must be used when you payout profits, an hour’s worth of counseling time with our associated Danish accountant (former tax accountant) regarding payment of dividend, a bank account for the company in Cyprus including online banking and miscellaneous cards (upon request), and finally up to three private NONAME Visa Electron cash card accounts.

Order online - Only €6,770.00

Cypriot holding

Order Online - 6770 €

Cypriot holding company formation. Cyprus Offshore holding

Nominee

Nominee directors and owners assure your anonymity in all types of companies, and there are a number of documents that ensure your ownership status.

Nominee director - the nominee director is the actual director in the company. When you buy the company from us you receive an undated notice and a declaration of intent from the director, so that you at any time can replace your director without any problems.

Nominee owner - the nominee owner is the actual owner of your company, and to protect your assets you receive a declaration of trust that combined with a General Meeting protocol to your bank appoints you as the only person authorised to bind your company. Depending on the bank you work together with the nominee owner also signs a power of attorney declaration to the bank, which may be worded like this:

General Power of Attorney
– with a comprehensive general power of attorney issued by the nominee director; with that you can yourself open new bank accounts and issue new powers of attorney according to demand.