Where Business Meets Opportunity.
Cyprus is one of the most favorable International Financial Centers for establishing and maintaining a Business Corporation.
It has a favorable tax regime strengthen with Double Tax Treaties with many EU and non-Eu countries and combined with its geographical position and the high quality of the services available such as banking, legal, finance, accounting and auditing and various others make Cyprus the ideal financial jurisdiction.
The accession of Cyprus to the European Union in 2004, combined with favorable tax reforms that have taken place over the years, resulted in international businesses and entrepreneurs choosing Cyprus as the jurisdiction to set up and operate holding companies, trading, financing and other types of businesses for their worldwide investments and business activities. The reputation of Cyprus as a holding company jurisdiction has increased substantially following its accession to the EU. As a result, it has become the preferred holding company location for inward and outward investments in the EU and other countries.
Cyprus has one of the lowest corporate tax rates in the European Union, currently at 12,50%, creating a continuous favorable tax frame for contacting businesses. As an EU member and OECD compliant, Cyprus is fully respected and recognized as a trustworthy legal partner.
Key reasons that make Cyprus an international Business centre:
- One of the lowest corporate tax rates in EU at 12,50%.
- High quality of audit and assurance, accounting, legal and professional services.
- Excellent infrastructure.
- Simple and efficient tax system.
- Competitive banking system.
- Advantageous holding company and corporate structuring.
- High quality shipping services.
- Regulated stock-exchange system, friendly to FX companies.
- Excessive number of Double Tax Treaties with many EU and non-Eu countries and tax incentives to foreign citizens and corporates.
- Unilateral credit reliefs.
- Foreign sourced dividends are in most cases exempt from tax in Cyprus.
Get in touch!
Have questions or need expert financial guidance? We're here to help. Contact us today to schedule a consultation or learn more about our services.