Over the years, Cyprus has established itself as an attractive and reputable international financial centre.
Cyprus combines a convenient strategic geographical location between three continents (Europe, Asia and Africa), low tax rates (corporation tax rate is currently 12,5%), as well as a long and growing list of international treaties for the avoidance of double taxation.
Cyprus is also a full member of the EU. Thus, Cyprus businesses have full access to EU markets with all the privileges this entails. Cyprus investment holding companies enjoy the additional tax advantage of dividend income and profit from the sale of shares being exempt from taxation. Cyprus has no withholding tax imposed on dividend income, interest, or royalty payments effected to non-Cypriot beneficiaries. Profits from overseas permanent establishments are tax exempt.
Additionally, Cyprus maintains a highly professional workforce to provide support to international business. The legal system is based on English common law and English is fluently spoken throughout the island. The accounting and legal sectors are highly developed and the country enjoys a high standard of living, excellent telecommunication facilities and infrastructure in a stable and low-crime environment with nice weather. Cyprus also enjoys excellent business relations and flight connections to the Middle East, a wide network of air-routes offering excellent connections to Europe, Africa, and Asia, as well as modern ports and first-rate sea connectivity.
Click here to access our article titled “10 good reasons for investing in Cyprus”.
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