Are you confused with all the tax reforms implemented lately? Do terms like BEPS, CRS, AMLD and EU Parent Subsidiary Directive make you wonder if your company in Cyprus is endangered?
In short, substance is needed. Letterbox companies are in danger of being transparent, with the effect that owners are taxed with personal tax in the home country instead of low corporate tax in Cyprus. To avoid being transparent, a company needs to have substance in the form of an operational office with its own telephone line, a website and other helpful components.
Royce Office’s services are centered around substance. All we do is designed to maintain your permanent establishment. Learn more about that on our website or ask your questions directly: