We always recommend evaluating a Cyprus Company not only under the aspect of tax advantages. Beside its tax advantages, Cyprus offers lot of other advantages, further increasing the overall advantages.
Liability and the protection of property are of crucial importance, especially in the light of today’s economic climate. For instance, there is no legal ground for piercing the corporate veil in Cyprus’ legislation.
Some of the main non-tax advantages of Cyprus:
absolute no piercing of the corporate veil
no minimum capital
no professional qualifications needed (except special industries like financial services, e.g.)
low employee benefit costs
advanced trustee legislation (nominee directors and shareholders)
high legal certainty
high legal security for founders (companies may only be incorporated in Cyprus by lawyers)