Offshore Service Providers Directory

DIORATICO
Dioratico Services Ltd is a Cyprus corporate services provider dedicated to the provision of company formation, secretarial administration, investment fund formation and compliance, tax compliance, trust settlement and administration and accounting services at the highest quality and value.
Grigori Afxentiou 3, 103, 4003 Limassol, Cyprus
Tel: +357-25750003 | Fax: +357-25104574 | info@dioratico.com | www.dioratico.com

DIORATICO is a corporate services provider based in Limassol, Cyprus. Our cross-discipline team has the breadth of experience, resources and technical know-how to accurately identify your business needs and find the most creative and cost-effective solutions. Our dedicated professionals attend to company formation, secretarial administration, investment fund formation and compliance, tax compliance, trust settlement and administration and accounting services at the highest quality and value.

DIORATICO serves an international clientele looking to achieve tax consolidation through Cyprus.
We render our services and structure tax-efficient solutions in the following:

• Incorporations of Cyprus Holding Companies
• Formation of Cyprus International Trusts
• Formation and licensing of Private Investment Funds (ICIS)
• Formation and licensing of Cyprus Investment Firms (providing forex and financial services)
• Administration and fiduciary services for Cyprus Holding Companies
• Administration and trustee services for Cyprus International Trusts
• Administration of Investment Funds (ICIS)
• Registration of Aircrafts
• Registration of Ships and Vessels
• Providing Cyprus Tax Advisory services
• Providing Corporate Tax Planning and Advice
• Tax and VAT Compliance services

The Cyprus Company as the ideal tax consolidation vehicle

The following circumstances constitute ideal situations for the incorporation of a Cyprus Company, either as an intermediate holding entity or as an ultimate holding company:

• For groups investing outside of Cyprus and expecting dividend income streams, which will in most cases be tax exempt when shares are held by a Cyprus Holding Company;
• To hold subsidiary companies that might be sold in the future, the disposal of which will not be taxable in the case a Cyprus Holding Company holds the shares in these subsidiaries;
• To harness the tax benefits of the withholding tax provisions found in the extensive double tax treaties network of Cyprus and the EU Parent-Subsidiary Directive;
• To enjoy the benefits of no taxation over the payment of dividend, interest and royalties in most cases;
• To enjoy the benefits of no taxation over transactions in securities, making it an appropriate vehicle for funds;
• Where it may be important to achieve a tax free unwind of the holding company at some stage in the future.

Benefits of the Cyprus company from a tax perspective include the following:

• 10% corporate tax rate on worldwide income (lowest in the EU)
• Dividends exemption from income tax
• Capital Gains exemption from income tax
• Interest exemption from income tax

Cyprus Private Investment Funds (ICIS): collective investment schemes with a number of advantages

ICIS have a plethora of regulatory, tax, commercial and legal advantages, such as the following:

• Private Funds can be established with limited and unlimited duration or with variable or fixed capital. They can also take the form of a limited company, trust or partnership, depending on the underlying circumstances applicable in each specific occasion.
• Private Funds are fully regulated by the Central Bank of Cyprus.
• Formation can be effected within weeks, subject to all conditions being met and subject to the workload of the Central Bank.
• Cyprus private Funds benefit from significant tax incentives. A private ICIS is treated identically to any other Cypriot entity and, accordingly, enjoys a 10% flat corporate income tax on the annual net profits earned worldwide.

In addition, the following tax advantages are especially significant for an ICIS:

• exemption from tax on profits from sale of shares and other financial instruments;
• exemption from tax on foreign dividends received;
• no withholding on interest and dividend payment made from Cyprus abroad;
• no withholding tax on income repatriation;
• exemption on profits on disposal of securities; and
• a wide network of Double Tax Treaties is in place with more than 40 countries worldwide, securing tax incentives and encouraging the channelling of funds in other countries without or with reduced further taxation.

Cyprus International Trusts

The Cyprus International Trust is an ideal structure for estate planning and asset protection at the maximum tax effectiveness. DIORATICO ensures that our Clients can take advantage of the Cyprus International Trust and harness the full benefits it offers with respect to their assets, the use of an International Trust as a holding vehicle for shares or other assets, estate planning in the case of individuals, employee benefit schemes in the case of employers or for any other purpose the versatile vehicle that is the Cyprus International Trust can be implemented.
Cyprus International Trusts bear pivotal tax advantages, providing significant tax planning possibilities to interested parties. The following list is indicative of these benefits:

• Income, trading or otherwise, of a Cyprus International Trust is not taxable in Cyprus.
• Dividends, interest or other income received by a Cyprus International Trust from a Cyprus company are neither taxable nor subject to withholding tax.
• Gains on the disposal of the assets of an International Trust are not subject to capital gains tax in Cyprus.
• Estate duty does not apply over a Cyprus International Trust created for the purposes of estate planning.