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Why Cyprus

Why Cyprus

An increasing number of international companies are choosing to base their operations in Cyprus thereby taking advantage of the many business and taxation benefits that the island offers.

The island is an established member of the European Union; a recognized international jurisdiction for business; offers an unrivalled tax regime and has a high level of skilled professionals.

Cyprus is establishing itself as an international financial center; located at the crossroad of three continents, it can act as a gateway to Europe, Asia and Africa.

International companies enjoy the same low tax rates as local businesses, making the country one of the leading business destinations in Europe

Benefits of using Cyprus as a base for business:

  • Cyprus is a member of the European Union and Eurozone
  • Excellently located with a solid reputation
  • Profits taxed at only 12.5%, in the same way as local companies
  • Through its network of Double Tax Treaties, it offers extensive tax exemptions.
  • VAT exemptions on offshore activities
  • Normal trading activity is exempt from stamp duty
  • No tax imposed on Income from the sale of securities
  • No tax imposed on the repatriation of profits from Cyprus companies to non-residents
  • No tax imposed on income of foreign capital deposited in Cyprus banks
  • No tax imposed on dividend income and profits from the sale of shares
  • Beneficial base for the receipt of dividends, interest and royalties
  • Tax-free management of Cyprus registered shipping vessels
  • High quality of professional and banking services and skilled workforce
  • No time restrictions imposed on carrying forward tax losses
  • Group relief provisions
  • Bank accounts in multiple currencies
  • No minimum requirement for the number of directors
  • Ability to open a fully-fledged office in Cyprus
  • Excellent commercial banking, workforce and infrastructure services

We can help you make the most of these advantages utilizing them to their full potential and provide you with any assistance needed to establish your base in Cyprus and attend to all your corporate administration requirements.

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