JOHNNY DOETHE LIFE WHISPERER

Cyprus Ltd vs branch of foreign company

Onassis

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OnassisActive RecruitAuthor
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#1

Would registering a classic offshore co (an IBC in the BVI for example) with a branch in Cyprus provide any benefits compared to a "standard" Cyprus Ltd?

Bonus question: would it be possible for such company to become tax resident in Cyprus without registering a branch? As long as requirements in form TD98 are met of course.

CyprusLawyer101Established Presence
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#2

It depends on a few factors, but in general it can provide an opportunity for certain structuring including an attribution of the income between the branch and the company.

To your other question : Tax residency is obtainable by demostrating management and control in Cyprus. The other jurisdiction's tax residency rules are also relevant here.

Last edited: May 14, 2023

OnassisActive RecruitAuthor
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#3

Thanks.

CyprusLawyer101 said:

To your other question : Tax residency is obtainable by demostrating management and control in Cyprus. The other jurisdiction's tax residency rules are also relevant here.

Would it be necessary to register a branch if the foreign company is tax resident in Cyprus as a whole?

CyprusLawyer101Established Presence
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#4

Not necessarily.

arterogumzejxNew Member
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Jun 2023
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#5

Onassis said:

Would registering a classic offshore co (an IBC in the BVI for example) with a branch in Cyprus provide any benefits compared to a "standard" Cyprus Ltd?

Bonus question: would it be possible for such company to become tax resident in Cyprus without registering a branch? As long as requirements in form TD98 are met of course.

Your name reminds me a bit of Greek , if you are a Greek resident you can be resident of Cyprus very easily by getting a yellowslip there.

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