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VH Business Solutions Ltd (ID: 14540)
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Cyprus offers tremendous opportunities to shipping. It is no accident that it ranks sixth in the world in terms of its commercial fleet. Also, it is a well known fact in the shipping community that there are more ships managed from Limassol than from any other place in the world. Please click on the list on the left margin for a more detailed review of the various areas of the shipping business in Cyprus. We believe that our ideas and approach is what your are looking for. Our strengths rely on our commitment to provide high quality work. What we believe in The scope of the work is agreed Objectives are mutually set in advance Good communication with the client Easy access to the person doing the job Flexibility and adaptability to what you require No unnecessary work with extra fees Professionalism Nothing said or done twice Care and attention Confidentiality is a priority The job is done You get results On time as agreed No surprises with fees Fees are agreed in advance Associated Companies VH Business Solutions Ltd VH Tax Solutions Ltd For more information, please contact us Why Cyprus makes Sense On 1st May 2004 Cyprus will become a full member of the European Union. In order to achieve that, Cyprus had to harmonise its legislation with EU laws. This process led to significant changes in tax legislation, which made Cyprus even more attractive for international tax planning: 10% corporate tax rate which is the lowest in the European Union Cyprus is currently (in advance of its entry in EU) in compliance with OECD requirements against harmful tax practices Cyprus is currently (in advance of its entry in EU) in compliance with the EU Code of Business Taxation Dividend income is completely exempt from income tax Profits of Cyprus Ship-owning Companies are completely exempt from taxation Ship-management Companies have the option to choose between 4,25% tax rate or tonnage tax Profits from trading in securities (any securities) are tax-exempt. No capital gains tax on property situated outside Cyprus Profits of a Permanent establishment situated outside Cyprus are tax-exempt. A wide network of Double Tax Treaties (including most Eastern European countries ) Provisions by certain double tax treaties to exclude offshore companies do not apply any more since offshore companies are not longer treated preferentially under tax compared to local companies but the same. No withholding taxes on dividends, interest and royalties. No tax on International Trusts No tax on the foreign income of a Cyprus Company whose management and control is exercised from abroad. The Cyprus tax law is ideal for Holding Companies and Companies trading in shares, derivatives and other securities. No withholding taxes for any jurisdictions (including tax havens) The EU dimension As from 1st May 2004 Cyprus registered companies will become EU companies, enjoying the credibility and respectability that such status offers Cyprus registered Companies will have a European Union VAT registration number For more information, please contact us Cyprus offers tremendous opportunities to shipping. It is no accident that it ranks sixth in the world in terms of its commercial fleet ... VH Business Solutions Ltd