WHY CYPRUS

IS THE IDEAL PLACE

Cyprus offers many benefits to corporations, trusts and shipping companies that establish their operations in the country. These benefits arise mainly from the low tax regime, the high quality of corporate services (banking, financial, legal) and the credibility/stability of being a member-state of the European Union as well as a member of the Euro-zone.

The top ten reasons for investing in Cyprus are described in detailed by the Cyprus Investment Promotion Agency and outlined below:

PKP Group of Companies Why Cyprus - European Union Member State

European Union Member State

PKP Group of Companies Why Cyprus - One of the lowest EU corporate tax rate

One of the lowest EU corporate tax rate

PKP Group of Companies Why Cyprus - Macroeconomic stability, successful economic performance

Macroeconomic stability with successful economic performance

PKP Group of Companies Why Cyprus - FDI track record

FDI track record

PKP Group of Companies Why Cyprus - Efficient legal, accounting and banking services

Efficient legal, accounting and banking services

PKP Group of Companies Why Cyprus - Cyprus map
PKP Group of Companies Why Cyprus - Strategic Location Europe’s Middle Eastern Outpost

Strategic Location Europe’s Middle Eastern Outpost

PKP Group of Companies Why Cyprus - Advanced telecommunications network and infrastructure

Advanced telecommunications network and infrastructure

PKP Group of Companies Why Cyprus - Highly qualified and multilingual labour force

Highly qualified and multilingual labour force

PKP Group of Companies Why Cyprus - Reputable International Shipping Centre

Reputable International Shipping Centre

PKP Group of Companies Why Cyprus - Living and working on the island for all seasons

Living and working on the island for all seasons

Low tax Regime

Is our advandage

The Cyprus government (and all the relevant stakeholders) have a long-standing commitment to continuously improve the business environment of international companies with Cyprus incorporation, and therefore enhance the competitiveness of Cyprus as an international business centre. Tax advantages are at the core of this strategy and these are summarised below:

One of the lowest corporate tax rate in the European Union of 12.5%.

Exemption from Tax for dividend income, profits from overseas permanent establishments and dividend.

No withholding Tax on dividend income, interest and royalties paid from Cyprus.

Income and gains of a Cyprus International Trust, derived from sources outside Cyprus are exempt from any tax imposed in Cyprus under certain conditions.

No capital gains tax is charged on the disposal of assets of an international Trust.

Double tax treaties with the following countries ensure that the income is only taxed once:

Armenia, Austria, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Canada, China, Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Kyrgyzstan, Lebanon, Malta, Mauritius, Moldova, Montenegro, Norway, Poland, Qatar, Romania, Russia, San Marino, Serbia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Sweden, Syria, Tajikistan, Thailand, Ukraine, United Kingdom, United States of America and Uzbekistan.

The information depicted above is intended for guidance only and may not be up to date. For details concerning the full benefits that may arise through Cyprus incorporation please contact one of our professional advisors.

P.K.P. Group of Companies

25 Charalambou Patsidi, PKP House, 1st Floor

6042 Larnaca, Cyprus

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