How to become a Cyprus Tax Resident
Our company can undertake the rental of business offices in Cyprus for companies wishing to become tax residents in Cyprus. According to OECD – the Organization for Economic Co-operation and Development, in order for a Cyprus company to be a tax resident in Cyprus, it is important to showcase and maintain business offices in Cyprus with a local physical address.
In addition, it is required for the directors of the company as well as the management and control of the company to be exercised locally in Cyprus and not under any other foreign jurisdiction. In case of subsidiary companies, the Company directors who are the actual decision makers of the company in regards to the income of the subsidiary and the shareholders, should show evidence that a company is not managed by the parent company from a foreign jurisdiction.
As a result, we urge all customers to apply a substance at a level of their Cypriot structures.