Company setup, tax and legal advice in Cyprus with local expertise and a thorough understanding of US compliance
At Tsaks Consulting Gr, we provide a local, US based service to US businesses expanding to the European Union through Cyprus. Our cross-border capability, understanding of the 2026 Cyprus Tax Reforms (and how you can benefit from them), and ability to manage the complexities of IRS offshore reporting ensures we are well placed to assist.
We work across both time-zones, understand American business, and are responsive and efficient.
1. A local US-based Cyprus tax and law specialist
As many US businesses are aware, Cyprus is the most competitive points of entry for the EU. Staying out of the IRS shadow is critical and there are language and time-zone barriers which can slow things down. At Tsaks Consulting GR, we eliminate these pain points through our presence in both countries and our understanding of the importance of having a structure that doesn’t create any red flags to the IRS.
We assist with company and bank account opening at the start, as well as yearly accounts and a broad range of legal and tax advice. Our team of experts assist you to navigate and comply with the FATCA (Foreign Account Tax Compliance ACT) and our team works with banks in Cyprus and will assist you to:
- Transact in Cyprus – even if you are an American citizen and Green Card holder.
- Comply with European AML (Anti-Money Laundering) standards and requirements.
- Complete everything remotely. Our personnel in Nicosia can assist and we can also help you complete everything remotely, with the assistance of our team based in America.
Remote company registration in Cyprus from the US
The process is simple and easy and our team is ready to assist. Forming a company in Cyprus from the US:
- Can be completed in as little as 5 days.
- Entails a full set of corporate documents – legalised and apostle.
- Involves us dealing directly with the registrar in Nicosia on your behalf.
2. IRS compliance – guidance from Tsaks Consulting and our partners
A Cyprus company is a Controlled Foreign Corporation (CFC) in the eyes of the IRS. It’s important to understand the IRS requirements to ensure you are not taxed on ‘phantom income’ through GILTI rules. Bringing a perspective of the IRS and Cyprus tax systems is critical to this.
FBAR, FATCA and FORM 5471
Our team will provide the raw financial data and specialized reporting your U.S.-based CPA needs to complete:
- IRS Form 5471: The IFRS complaint books we prepare translate to the requirements for U.S. persons owning foreign corporations.
- FBAR & FATCA Reporting: We ensure you have consolidated year-end statements for all foreign accounts exceeding the $10,000 threshold.
- Tax Treaty Optimization: We provide advice on the U.S.-Cyprus Tax Treaty, ensuring your entity qualifies for reduced withholding taxes.
3. US based guidance for your EU growth and operations management
Our US and Cyprus based team provides continuous accounting support for your businesses journey. Our scope of service extends across legal, taxation, and general business operations and includes:
Intellectual Property (IP) Box transfers for U.S. Tech Companies
For tech hubs across the United States, the Cyprus IP Box is a significant benefit and point of attraction. Even under the 2026 rules, the 80% exemption remains. Our experts will assist in the e valuation and legal transfer of IP to your Cyprus subsidiary, with a potential effective tax rate of 3%.
Nominee director & registered office services in Cyprus
We provide solutions to ensure you comply with the Management and Control requirements in Cyprus. Our team can assist with office leases and secretarial services that comply with EU and IRS requirements, as well as directors who understand relevant duties and responsibilities in both countries.
4. Why American entrepreneurs, businesses and investors choose Tsaks Consulting Gr for their Cyprus tax, legal and business needs?
A key reason is our local presence in the US. The US business culture requires fast, responsive and sophisticated service. You need an experienced team which is responsive and easy to contact as well as efficient. Tsaks Consulting Gr fits those requirements. We have:
- A local U.S. presence: We understand the US market.
- Annual maintenance: We handle all annual audits, VAT/VIES filings, and the submission of the Annual Return (Form HE32) to the Registrar.
- Accounting expertise: We understand the U.S. GAAP and International Financial Reporting Standards (IFRS).
Local advisory across Major US Hubs
Our local presence in substantial. Our Cyprus tax experts provide local advice to businesses and corporations across America including in:
New York City | Cyprus and EU Tax Specialist
We understand New York City and the variety of entities, such as family offices, that are based there. We help New York based businesses carry out operations in the EU through Cyprus and operate their businesses and companies.
Miami & Florida | Cyprus and EU tax experts and Non-Dom residency legal
Our team helps Florida based residents and residents across the USA secure non-dom residency status in Cyprus including through permanent residency and the Cyprus Yellow Slip. Our legal team are highly skilled in corporate and also immigration law.
Texas and California | Locally based IP and tech lawyer
Our IP and tax lawyers have a comprehensive understanding of Cyprus’s IP Box regulation and the benefits Cyprus brings from an IP licensing transfer perspective. We help businesses in Texas, California and across the USA utilise the Cyprus IP regime and licence their software globally.
Enquire and contact our US-based, Cyprus accounting and attorney services today to talk about how we can assist your business.
Frequently Asked Questions
Q: Do I need an actual physical office in Cyprus to benefit from the 15% rate?
A: The 2026 reforms now mean that proving substance is critical to compliance. We generally recommend having a physical office, so that the company is managed in Cyprus.
Q: Can I open a bank account in Cyprus from here in the US?
A: Yes. Our team will act as your introducer and will help handle the documentation requirements you need to open a bank account in Cyprus. This can all occur from America.
Q: How will the 2026 tax reform affect my dividends?
A: The Deemed Dividend Distribution has been abolished. This creates significant capital growth advantages through profit retention.
Q. Do you provide an expert Cyprus tax service for US-based entrepreneurs and high-new-worth individuals inside the United States? Or so we have to come to Cyprus?
A: We are based inside the United States and provide a local service.