Originally published on: 20/09/2017
Cyprus is well known as a preferred country for holding
companies, international or regional headquarters and investment
companies. Cyprus continues to be the place of choice for many
international businesses and business people, and for investors.
Consequently, Cyprus company registrations are continuing its
upward trend as well in 2017.
Cyprus company registrations during the offshore
years
The number of annual company registrations in Cyprus has
typically been around 8.500 – 9.000 until 2003. Those were
the years prior to the EU accession of Cyprus in May 2004. The
upcoming EU accession of Cyprus required substantial changes and
amendments of many laws of Cyprus. One of the conditions to become
an EU member was the abolition of the offshore tax legislation of
Cyprus. Back in 2002 and 2003, it was believed in Cyprus that the
abolition of the offshore legislation and its tax advantages would
damage the attraction of Cyprus as
