Corporate Services

Prospectacy offers professional corporate services and cost-effective continuous support in a broad range of jurisdictions. We understand how critical it is to have all your orders executed in a timely and professional manner. We make it our business to know your business inside and out. We work closely with our clients, learning their playbooks, market positions, objectives and hot button issues. Whether they’re outsourcing a project or an entire segment of their operations, clients get a seamless extension of their team.

Our corporate services include:

  • Company formation and administration
  • Fiduciary Services
  • Trust services
  • Corporate legal services
  • Banking
  • Virtual office

Company Formation and Administration

Prospectacy offers customized business entity formation on a global scale. We provide you the security of knowing your company is structured properly and legally. Whatever your needs are, our service is rapid, cost-effective and solutions-driven. Our corporate administration services include:

  • Establishment and maintenance of statutory records
  • Preparation and filing of annual returns
  • Notarization, apostilling and legalization of corporate documents
  • Translation services in all major languages

Fiduciary Services

Tax residency and other legal requirements are creating a more closely regulated environment. That’s why we provide fiduciary services on a “forward-thinking” basis. Increasingly, our clients require local oversight of their business entities. Prospectacy can supply professional directors, nominee owners, and other officers. We make sure they have the proper credentials and are fit to make business decisions on your behalf. In short, your interests are always protected – cost-effectively, and confidentially.

Trust Services

With increasing globalization, clients are discovering new principles that are unheard of in their home jurisdiction. The common law principle of trusts is one such example that is gaining recognition. Trusts can be an important tool in international income, capital gains and estate tax planning, special financing arrangements, and insurance plans –- among other uses. Clients look to Prospectacy as a “trustworthy” adviser on the selection, set-up and administration of their trusts. We’ll explain the different options and help you determine the most appropriate trust structure for your objectives. Prospectacy also provides seamless and confidential reporting and filing, trust accounting, and asset management.

Corporate Legal Services

Prospectacy’s attorneys are here to increase your internal capacity and business effectiveness. Our legal team can help you, your in-house counsel, or trusted outside law firm(s) navigate new territory (local to global) or maintain full legal compliance and consistency. Whether advising on strategy, structuring a new entity, filing a license application, or reviewing contract language — Prospectacy’s got your business covered.

Due Diligence

Prospectacy performs both legal and financial due diligence in a variety of industries. In addition to our Big 4 experience, we are known for our attention to detail and follow-through.

Before executing any client instruction, Prospectacy examines the legality, business rationale, tax implications, and any possible conflicts of interests. We offer “best practice” advice and recommendations on how to remedy any identified issues on a go-forward basis.

Banking

Our professional approach and connections make Prospectacy an effective advocate for:

  • Opening corporate and individual bank accounts with reputable banks
  • Bank account management
  • Keeping proper banking records
  • Negotiating terms of banking arrangements on behalf of clients

Virtual Office

When you want the convenience of an office staff without the expensive overhead, Prospectacy has the ideal solution. Our virtual office service affords clients all the comforts of “home” on an as-needed, temporary, or permanent basis. Virtual office services can be configured to support any type of business. We provide:

  • Use of a prestigious business address
  • Mail acceptance and forwarding
  • Phone answering, fax and voice mail
  • Touch down office and conference room facilities

Cyprus company formation

Cyprus Company Formation

There are many factors that we should look for before establishing a company in any of the countries in the world. Better tax planning is one of those factors and it affects the companies to a greater extent. When it comes to better tax planning, Cyprus is one of those countries where thousands of businessmen invest their money because of this better tax planning. Therefore, Cyprus Company Formation has become a popular topic on the Internet. Cyprus offers favorable incentives which motivate businessmen around the world to start their companies in Cyprus. Because of all these factors, Cyprus has become the ultimate business centre of the world. Cyprus Citizenship Previously in the past there were two types of companies registered in Cyprus as offshore and local companies and different benefits were given to these two types of companies. But now there is no longer any differentiation in Cyprus company formation among what were known as offshore and local companies registered in Cyprus in the past. Offshore or overseas companies registered in Cyprus accustomed to enjoy a lowered level of business tax at the rate of 4.25%. This is no more the case and the primary rate for corporation tax is now at 12%. Even at 12.5%, this is currently the best rate in Europe, with other tax bonuses in force to be able to bring in foreign investment. When it comes to forming or establishing a company in Cyprus, there are several steps that you should follow to start it legally. Following are those steps that you have to pass through. 1. Reserve the Company name and get initial approval from the Registrar of companies A conventional form application for authorization of name is submitted personally or by mail to the One Stop Shop Cyprus. It can also be submitted in electronic format to the Registrar of Companies and Official Receiver, via the E-filing website. This will charge EUR 30- which is EUR 10 mandatory and extra EUR 20 for expediting the procedure, which is optional. 2. Prepare the Memorandum and Article of association by a Lawyer The Registrar of Companies does not have any standard form for the Memorandum and Articles of association. The Companies Law offers a general template appropriate for any kind of activities. It is a statutory necessity to have lawyers prepare the Memorandum and Articles of Association, who should also sign the specific declaration. This will take about a day to complete and it will cost about 1000 Euros. 3. Submit documents at the Companies Section of the Department of Registrar of Companies and Official Receiver This will take around two days and it will cost EUR 205 registration fees + 0.6% on the authorized capital + EUR 220 for the certificates. 4. Register at the Tax Department for tax 5. Register at the Tax Department for VAT 6. Register for Social Contribution at the Ministry of Labor, Welfare and Social Insurance After following these steps you can start your own company in Cyprus and enjoy the benefits given by them. If you already have a company, you have the chance to develop your company further by starting a branch in Cyprus. It is obvious that you can establish a successful business company in this favorable business environment in Cyprus.