International Business Company (IBC) in Cyprus

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Setting up an International Business Company (IBC) in Cyprus is easy, fast, cheap and above all worthy. The reputation of Cyprus as a location for IBC’s has increased substantially following its accession to the EU. As a result, it is fast becoming the preferred International Business Company location for inward and outward investments in the EU and other countries.
The term international business company or often abbreviated to IBC refers to any legal entity whose beneficial ownership and business activities lie outside the country of incorporation i.e. Cyprus. Given the tax incentives that are available for Internatinal Business Companies (IBC) in Cyprus, it makes sense in any international tax planning to direct profits out of high tax countries to international business centres such as Cyprus, thus taking advantages of the reduced tax rates and double tax treaties, where available. Here are some of the points to consider for your decision to work through an IBC structure:

• Favourable tax treatment: low or zero taxes
• Use an IBC International Business company as the an intermediary to invoicing or re-invoice exports, imports and services.
• Insure anonymity and confidentially.