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Cyprus

Why Incorporate in Cyprus?

Cyprus is a large island located in the Eastern Aegean area of the Mediterranean.

Following the implementation of incentives surrounding recent government policy, Cyprus has become an international financial, commercial and shipping centre with an open economy, based on the system of free enterprise. Government intervention is limited to safeguarding the system and providing guidance.

This makes Cyprus an extremely attractive tax planning base.

Key Benefits & Requirements

  • EU and Euro Zone member state
  • Lowest corporation tax in Europe at 12.5%
  • Simple incorporation procedures with low operating costs
  • Favourable tax regime for Cyprus holding companies
  • A global network of double tax treaties with over 40 countries
  • Compliance with international standards
  • Stable political, legal and regulatory systems
  • First class professional services – legal, tax, accounting, investment and brokerage
  • Well-developed banking sector with quick and efficient account openign procedures
  • Market-oriented economy
  • Well-educated and multilingual labour force
  • Advanced transport and telecommunications network
  • Internationally renowned shipping centre

Services Offered

  • Incorporation, management and administration of Cyprus companies
  • Domiciliation and registered office facilities
  • Professional directors and nominee shareholders
  • Company secretarial services
  • Opening and maintenance of corporate and personal bank accounts
  • Accounting and bookkeeping services
  • Corporate banking and finance
  • Advice and supporting services relating to international business transactions
  • Drafting and execution of legal documentation
  • Tax planning

Incorporate in Cyprus

To enquire about incorporating in this jurisdiction, please select your area of interest and a consultant will contact you shortly:
OCRA Worldwide respects your privacy. Your details will never be disclosed to any third party for any purpose without your prior written consent.

OCRA Worldwide announces strategic merger with Acclime

17th November 2022, Hong Kong - OCRA Worldwide (OCRA), announces today that it has completed the strategic merger with Asia Pacific’s premier corporate services provider Acclime (www.acclime.com). This is the latest step in Acclime’s active expansion as the Asia specialist in compliance and corporate services throughout the region.

Established in 1975 and led by Bart Dekker and Dharmesh Naik, OCRA is one of the industry pioneers in the corporate services sector with a full suite of corporate services from company formation, company secretarial support, accounting, and HR services. Over the past 40 years, OCRA has become a truly global business by providing very personalised services to their clients, most of whom are private investors or companies investing abroad.

From its founding base in Europe, OCRA has morphed over the past decade to focus on the faster growing markets of Asia and the Indian Ocean, and currently has teams in Hong Kong, Shanghai, Singapore, Mauritius and the Seychelles with around 80 staff. Additionally, OCRA is licensed in Samoa and the UAE to provide incorporation services to clients and referral partners.

"The high quality of the team, the interesting gateway jurisdictions of Mauritius and UAE which are important investment hubs for Africa and India, and the synergy of offering OCRA clients more services and Asian locations for expanding their business were the strategic logic for Acclime's interest in acquiring OCRA," said Martin Crawford, CEO and Co-Founder of Acclime. "We look forward to introducing OCRA’s corporate clients to our regional experts in China, Hong Kong, Australia, Cambodia, Indonesia, Malaysia, Thailand, India, Philippines, Singapore and Vietnam," he added.

The sale of the business was managed by the corporate advisory team of Mazars in London (Paul Joyce & Fred Dearden), acting for the ultimate shareholder of OCRA, and was opened for bids. "Acclime was chosen as the preferred bidder as the team recognised the cultural similarities, with high quality, personalised services at the core," said Bart Dekker, OCRA’s Managing Director, Asia Pacific. Dharmesh Naik, OCRA's Managing Director, Middle East and Indian Ocean, added, "We are excited and delighted to become an integral part of a large international team with the established resources across Acclime's network, and to execute the transaction in line with OCRA's long term succession plan in the interest of all of our stakeholders."

OCRA will operate as an independent business unit within Acclime, supported by funding, IT and marketing initiatives that will grow the business further. Bart Dekker and Dharmesh Naik will remain running the business post-acquisition.

The transaction is subjected to regulatory approvals in several locations and Acclime is expected to complete the acquisition by the end of 2022.

About OCRA
Established in 1975, OCRA is one of the industry pioneers in the corporate services sector with a full suite of corporate services from company formation, company secretarial support, accounting and HR services. For over 40 years, OCRA has been providing personalised services to its clients, most of whom are private investors or companies investing abroad.

About Acclime
Acclime, the premier corporate services provider in Asia, helps corporate and private clients to advance their businesses and interests in difficult-to-navigate markets in emerging Asia. The company’s vision is to reinvent the corporate services sector with innovative solutions that are seamlessly delivered to the highest global standards.

Enquiries: enquiries@ocra.com