Articles

Virtual Finance Office (VFO)

Wherever you are located around the world, your business can function without the need to rent costly office space or employ staff, just to establish a corporate presence in Cyprus. A virtual office in Cyprus provides you with a prime local business address and a credible, risk-free base for corresponding with clients.

There are a number of benefits that a virtual office has for the self-employed consultant, business start-up or a Cyprus company.

The virtual office can provide substance to the argument that the company is controlled and managed locally within the jurisdiction. A company registered in Cyprus is typically deemed to be tax resident in Cyprus. However companies, particularly those with foreign directors, may be investigated by foreign fiscal authorities to determine if the effective management of the Cyprus Company is being undertaken in Cyprus. Virtual office services in Cyprus add weight to the argument that the Cyprus company is being managed and controlled in Cyprus and can therefore have a significant benefit in terms of tax planning.

- Registration address

- Correspondence address

- Secretarial support

- Provision of telephone and fax numbers

- Business administration

- Preparation and execution of agreements

- Banking

- Bookkeeping services

- Audit and Accountancy