In the ever-changing world of international investments, Cyprus Holding Companies have become a powerful tool for international investors. At CX Financia, we’ve noticed a surge in interest in this advantageous structure, especially regarding its tax benefits and effective implementation. As a response to this growing interest, our seasoned team has decided to delve deeper into the practical aspects of Cyprus Holding Companies. This article, serving as the second part of our comprehensive series on Cyprus Holding Companies and tax planning, aims to provide a clear understanding of its benefits, precautions, and real-world applications. For those who wish to revisit the first part of the series, you can find it here.

How to avoid penalties and fines for your Cyprus Company

Is not just about tax liabilities. Keeping your penalties and fine bills down for your Cyprus company could also be an issue which really, it is simple to tackle!

We summarise below what we believe are the easiest ways to get rid of penalties and fines for your company!!!

Services offered by fiduciary service providers:

• Substance services
• Holding of shares on behalf of the real owners
• Acting as directors, company secretary and shareholders of a company
• Providing a physical address to a company

Finhub has been designed to save the user and the service provide time. The service is free, fast and reliable making it the easiest way to obtain accurate quotations from validated audit and assurance firms. 

Simply select the service you need from the drop-down menu, enter your budget and a short description of your exact needs and answer to our questions which have been designed in such a manner so that the service provider will obtain the necessary information to provide you with an accurate and binding quotation. 

For the user the process should not take more than 2 to 3 minutes.  

That’s a great question and the answer depends on who the recipient of the dividends is! 

The easier way to look at it is if you are not living in Cyprus your dividends will be 100% tax free. However, this changes when the shareholders reside in Cyprus!