Cyprus
Why is this normal:
An EU member with a developed international tax planning industry. Nominee services are used in the context of complex holding structures.
An EU member with a developed international tax planning industry. Nominee services are used in the context of complex holding structures.
Peculiarities:
– Popular for European and CIS holdings
– An extensive network of double tax treaties
– Nominee directors are often resident to comply with substance requirements.
– Used for IP holdings, management companies
Regulation:
Full compliance with EU directives, high requirements for economic substance, transparency for EU tax authorities.