WHY CYPRUS

Why Cyprus?

The Republic of Cyprus is the third largest island in the Mediterranean located at the cross-roads of Europe and Middle East. Cyprus is an attractive business hub, and numerous international corporate groups have established their holding entities or headquarters in Cyprus

WHY CYPRUS?

01.

Low corporate tax and efficient tax system: Cyprus’ corporate income tax rate of 12.5%, and the OECD includes Cyprus on the White List of jurisdictions that have substantially implemented the internationally agreed tax standard on transparency and exchange of information.

02.

over 60 double taxation agreements, including with the UK, the US, Canada, India, China, Switzerland and the UAE.

03.

A common law jurisdiction, providing an established, stable legislative framework. Cyprus’ close links to Great Britain as a result of being part of the British Empire (it was a British Crown Colony until achieving independence in 1960) mean that its legal and judicial system is very much aligned with that of the United Kingdom.

04.

Cyprus’ legislation is compliant with the European Union legislation. European Union directives are fully transposed into local legislation and European Union regulations have direct effect and full application in Cyprus.

05.

Foreign sourced dividends are generally exempt from tax in Cyprus, when received by a Cypriot tax resident company.