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Why Cyprus?

 

CYPRUS AS AN INTERNATIONAL FINANCIAL CENTRE

  • Member of the European Union since 2004 and the Eurozone since January 2008
  • Internationally acclaimed business infrastructure
    • Excellent legal, accounting and banking services
    • Excellent telecommunications
  • English Common Law and compliant with the EU Acquis Communautaire
  • Lowest Tax Regime in the EU combined with an attractive Tax Treaty Network
  • Ideal Mediterranean climate and safe living & working environments


The unique tax advantages of Cyprus

  • Among the lowest corporation tax rates in the EU (12.5%)
  • Extensive double tax treaties network with over 40 countries, enabling nil or very low withholding tax rates
  • No tax on profits from the sale of securities including shares, equity-based bonds, options, etc
  • No minimum holding period for sale of securities
  • No capital gains tax on the disposal of immovable property situated abroad
  • No withholding tax on the repatriation of dividends, interest and almost all royalties
  • Profits earned from a permanent establishment abroad are fully exempt from Cypriot tax, subject to certain conditions
  • No thin capitalization rules
  • No tax on distributions from company liquidations
  • Corporate tax losses can be carried forward for 5 years
  • Unilateral credit from tax paid in non treaty countries
  • Group relief for the utilisation of tax losses
  • One of the lowest EU personal income tax rates

 

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