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:
European Union Member State
One of the lowest EU corporate tax rate
Macroeconomic stability with successful economic performance
FDI track record
Efficient legal, accounting and banking services
Strategic Location Europe’s Middle Eastern Outpost
Advanced telecommunications network and infrastructure
Highly qualified and multilingual labour force
Reputable International Shipping Centre
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.