Global Corporate Services, either directly or through approved associates and affiliates, is able to offer an extensive range of business services to help clients administer their businesses. In particular:
Global Corporate Services can undertake to perform the daily activities involved in operating a company. For the convenience of our clients we have created 3 levels of management service specifically tailored to meet the legal and business requirements of most offshore companies. Please see here
Accounting records must be kept by every company in Cyprus. Further annual audited financial statements must be submitted to the Inland Revenue and the Registrar of Companies. Global Corporate Services can offer assistance with such services.
Global Corporate Services is able to provide assistance with the registration of a Cyprus VAT Authorities and the administration of VAT documentation.
Further, Global Corporate Services is able to provide assistance in maintaining accounting records of the company in Cyprus as required by the VAT Authorities and eth submission of quarterly VAT Returns, based on the accounting records of the company, to the VAT authorities.
Global Corporate Services specialise in arranging escrows and acting as escrow agents to secure financial obligations arising from acquisitions, cross-border trading transactions and international (construction) projects.
Global Corporate Services is able to carry out both legal and financial due diligence concerning companies.
We are able to provide assistance with the opening of a bank account with a bank in Cyprus or in other reputable jurisdictions. Most of the banks which we have established business relationships with have representative offices and correspondents worldwide and additionally provide on-line banking.
Global Corporate Services is able to provide clients with assistance in obtaining a Certificate of Tax Residence to prove the tax residency of the company.
This document is necessary when a company wants to take advantage of the benefits offered by an agreement for the avoidance of double taxation, and has to file with the tax authorities of the country of source certification from the country of destination not only that the company is registered in that country, but also that the tax rules of that country apply and that the company pays tax in the country of destination.
Multi-national companies have been taking advantage of international tax treaties and offshore/low tax companies which has resulted in them reducing their tax payments.
With correct advice other companies can take advantage of low tax and offshore status to make significant and legal tax savings. We are able to help clients take advantage of such benefits.
However offshore/tax planning structures should not be set-up without proper advice from lawyers, licensed tax planners or other such professionals as an inappropriate structure could lead to significant and avoidable complications, complications which Global Corporate Services can help you avoid.
In recent years there has been a great transfer of merchant navy registration from traditional areas such as Britain, and Greece to offshore shipping jurisdictions such as Cyprus. Correctly advised an individual can also benefit from such tax free/low tax environments. The main reasons for such a movement to the "newer" shipping jurisdictions include the lower registration fees and the ability to rent or charter a vessel without any significant, or even any tax repercussions.
At Global Corporate Services we are able to help you register and manage your vessel in a variety of jurisdictions.
Global Corporate Services offers a a sophisticated range of serviced, virtual office and telecommunication facilities across the globe.