Cyprus possesses an excellent commercial infrastructure and coupled with its geographical location bordering three continents, is an ideal place for distant markets like the China one to help streamline their trade and to expand in the EU and beyond.
(PRWEB) March 28, 2012
Meridian Trust Corporate & Fiduciary Services in Cyprus has formed a China Desk to facilitate Asian businesses to establish a European commercial base, as well as aiding international companies that intend to expand to the China market.
Meridian Trust is one of the leading corporate and fiduciary service providers in Cyprus, with over a decade of experience in its field and a large portfolio of international clients. It is a registered member of the Cyprus-China Business Association, an organisation that aims to encourage economic relations between the two territories, and to promote Cyprus as a reputable international financial services centre for Chinese businesses.
Company director M. Saveriadou has expressed that there will be a notable increase in the number of Cyprus company formations so as to accommodate the rising demand of Chinese firms wishing to establish a European commercial base. This is very optimistic for the corporate sector in Cyprus, as bilateral agreements with China encourage Asian businesses to utilize the island’s unique location and services as an ideal gateway for international trade and development.
Cyprus is an opportune centre for countries like China. As well as the benefit of the low VAT rate of just 17%, the island also possesses Europe's lowest corporate tax rate at only 10% on net profits. Furthermore, investors receive their dividends tax free. This alone further justifies the increasing number of global clients that choose a Cyprus company formation for their business requirements based in Europe.
Cyprus possesses an excellent commercial infrastructure, and coupled with its geographical location bordering three continents, is an ideal place for distant markets like the China one to help streamline their trade and to expand in the EU and beyond. A Cyprus company formation is an excellent solution for a non-EU territory like China to establish a European business base.
China and Cyprus established diplomatic ties forty years ago. Our maritime ties are already extremely strong, and developments in other areas are apparent. The two territories have signed bilateral agreements in the economy, culture, trade, education, double taxation avoidance, merchant shipping, energy, tourism and financial services sectors and more.
As well as being Cyprus company formation agents, Meridian Trust professionals comprise of expert corporate lawyers and specialist tax advisors with extensive knowledge in international tax planning. With a combined thirty years of knowledge and proficiency, the company specialists are some of the best equipped consultants in the field, with clients that include specialised intermediaries like financial advisors, international law firms, business consultants, and international tax advisors.
The Cyprus company formation process begins with choosing and receiving approval of a company name from the Registrar of Companies. A qualified legal representative must submit documents to the relevant authorities, the company is then registered with our local tax authority, and if required the company will be registered with the VAT office. For more information please call Meridian Trust on +357 24812050, or email [email protected]