Cyprus is a member state of the European Union and has adopted the Euro as its currency since 2004.
The minimum number of shareholders may be one and the company must have at least one director and company secretary. The posts of Director and Company Secretary need not to be held by persons resident in Cyprus. The company register in Cyprus is public, in that the details of the directors and shareholders are publicly available. If one requires further privacy, one can make use of nominee services. Cypriot companies must draw up annual accounts which must be audited.
The registry of companies in Cyprus is accessible here: https://efiling.drcor.mcit.gov.cy
The corporate tax rate for Cypriot companies amounts to 12.5%. There is no withholding tax on dividends if the shareholders are not resident in Cyprus.
Cyprus enjoys a participation exemption, whereby dividends emanating from foreign companies are not taxable.
Cyprus also enjoys a favourable IP regime whereby 80% of royalties received by Cypriot companies are exempt from tax and 80% of the profit generated from the alienation of an IP right is also exempt.