General Information
- Democratic country with a free market economy
- Member of the European Union
- Strategic location at the crossroads of three continents
- Excellent telecommunications – direct dialing to over 200 countries
- Modern and efficient legal, accounting and banking services based on English practices
- Favourable tax regime including 12.5% rate of corporation tax
- Double tax treaties with 40 countries
- Bilateral investment agreements with 16 countries
- Low set up and operating costs
- Highly qualified managerial, clerical and technical staff available.
Vibrant, growing, and constantly changing, today’s Cyprus business environment reflects both the past and the future. From an agricultural and merchant-based economy, Cyprus has evolved into a dynamic export-oriented country, a major leisure and tourist location and an important international business, financial services and investment fund centre. Now, with its entry into the EU there has never been a better time to take advantage of business opportunities or establishing international operations from Cyprus.
Taxation Benefits:
- Ideal Tax regime for holding companies- exemption of dividents from corporate tax
- No withholding tax on payment of dividents, interest, royalties to non-residents
- No capital gains tax
- Best Holding Company jurisdiction in EU
- One of best Jurisdictions in EU for Trading structures
- Uniform corporate tax rate @ 12.5%
- Dividents in most cases exempt from taxation
- Extensive double tax treaty network
- Parent subsidiary directive