Strategically located at the crossroad of Europe, Asia and Africa, Cyprus as the third largest island in the Mediterranean and member of the European Union since 2004, boasts the benefits of an international business centre and of a modern, multicultural and vibrant community, making it an ideal destination for businesses and investors from across the globe.
"A place to live and thrive."
Key Competitive Advantages
EU state member.
Full member of the European Union since 2004 and the Eurozone since 2008.
Beneficial tax framework one with one of the lowest corporate tax rates in the EU (flat corporate tax rate of 12,5%).
Broad network of Double Tax Treaties with over 65 countries worldwide.
Well established tax legislation, eliminating ambiguities on tax issues.
The requirement of audited financial statements, for all companies, is the base for ascertaining the company’s tax obligations, eliminating unnecessary discussions with the Tax Authorities
Tax Exemptions to companies.
Dividend income (under certain conditions)
Profits from the disposal of bonds, shares, debentures and other securities.
Profits generated from foreign branches of Cypriot companies (under certain conditions)
No capital gains tax on sale of property located abroad.
Under certain double tax treaties, tax credit is given also on underlying tax on profits out of which the dividends were paid.
Exemption from Withholding Tax.
On dividends paid to non-resident shareholders
On interest income and on gains from intellectual property (royalties)
No restrictions on currency exchange.
Exemption on stamp duty on contracts entered by international activities companies.
Easy company formation through the “One Stop Shop & Point of Single Contact” of the Department of the Registrar of Companies and Official Receiver (D.R.C.O.R.) of the Republic of Cyprus and through the Government Gateway Portal (“ARIADNI”).
Highly trained, qualified and multilingual workforce.
High-quality corporate and financial services including accounting, tax, legal and banking services.
High-level of educational organisations including public and private Universities with a large number or international students.
Low crime rate – one of the lowest in the EU. A safe destination worldwide.
Friendly environment, unparalleled hospitality and great traditional and international cuisine.