The Island’s Geographical location, at the crossroads of Europe, Asia, the Middle East is easily accessible and foreign participation in its economy is officially encouraged. The population of Cyprus is 793,100.
The island is rapidly becoming a major international transit station for commercial air transportation with excellent connections within the entire region. At the same time, Cyprus maintains and enhances its competitiveness as international financial centre. Following the tax reform, Cyprus has ultimately the lowest tax system compared with EU member states.
Discover Cyprus
The main provisions of the new tax legislations may be summarized as follows :
- Corporate profit taxes at 12.5%
- Investment income from dividends and profits from the sale of securities is exempt from tax.
- No withholding taxes on payments to non residents in respect of dividends and interest.
- Group relief provisions
The legal system is based on that of the United Kingdom becoming fully harmonized with the acquis communantaire of the EU. Cyprus is a signatory to a large number of international conventions and treaties, including an extensive network of double taxation agreements. It is a member of the British Commonwealth, Council of Europe, IMF, UN, World Bank and WTO and on 1st May 2004 became one of the twenty seven member states of the European Union.
WHY CYPRUS
Tax Incentives
Cyprus has a significantly upgraded image as a jurisdiction since its EU Accesion on 1 May 2004. The result is a stable EU, “non offshore” tax competitive jurisdiction with exciting tax planning for EU and non-EU clients.
In summary, Cyprus is the lowest tax EU jurisdiction that is not offshore. The standard corporate tax rate of 12.5% (0% for shipping companies, 4,25% for maritime management companies) is the lowest in the EU and the lowest “non offshore jurisdiction corporate tax rate” in the world. Cyprus has been developed as premier holding, finance, royalty and trading company jurisdiction.
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CYPRUS
Cyprus
25 March, Number 19,
3d floor, office 301,
zip code 2408, Engomi,
Nicosia – Cyprus
Telephone: (00357) 22 496471
Email: [email protected]
Greece
85 Vouliagmenis Avenue
City Plaza Mall
1st Floor – Office 312
16674 Glyfada
Athens , Greece
Telephone: (0030) 211 8007080
Email: [email protected]
[email protected]
United Kingdom
12 Gateway Mews
Ring Way
London
N11 2UT
Telephone: (0044) 20 8368 8456
T/Fax: (0044) 20 8361 4239
Email: [email protected]
Cyprus
25 March, Number 19,
3d floor, office 301,
zip code 2408, Engomi,
Nicosia – Cyprus
Telephone: (00357) 22 496471
Email: [email protected]
—————————–
Greece
85 Vouliagmenis Avenue
City Plaza Mall
1st Floor – Office 312
16674 Glyfada
Athens , Greece
Telephone: (0030) 211 8007080
Email: [email protected]
[email protected]
—————————–
United Kingdom
12 Gateway Mews
Ring Way
London
N11 2UT
Telephone: (0044) 20 8368 8456
T/Fax: (0044) 20 8361 4239
Email: [email protected]