Tax:

• Corporate tax of 12.5%, the lowest in the European Union.

• Overseas dividends income received by a Cypriot holding company is exempted from Corporation tax

• Double tax treaties concluded between Cyprus and more than 60 countries.

• Group relief for tax losses.

• No tax on capital gains derived from the disposal of securities and on sale of immovable property held outside Cyprus if company is tax resident in Cyprus.

• No tax on profits from company reorganizations (mergers, demergers, transfer of assets including shares).

• Salaries from services outside Cyprus for more than 90 days in a non-Cypriot resident employer or in the permanent establishment of a Cypriot resident employer are not taxed in Cyprus.

• No inheritance tax.

• No tax on sales of shares and securities.

• VAT advantages.

• Royalty income advantages.

 

Other:

• Full member state of the European Union since 1st of May 2004.

• Full member of the European Monetary Union.

• Strategic geographical location in the eastern Mediterranean, a crossing point between Europe, Asia and Africa.

• Pro-Business government.

• Social and Economic stability.

• High level of standard of living.

• Full confidentiality.

• Low operating costs.

• Low crime rate.