TOP REASONS TO INVEST IN CYPRUS

ACCESS TO MARKETS

  • Full access to European markets
  • Access to 40+ EU trade agreements
  • A member of the Eurozone since 2008
  • Geostrategic position
  • Proximity & easy access to major markets

ATTRACTIVE AND TRANSPARENT TAX REGIME

  • One of the lowest corporate tax rates in the EU at 12.5%
  • An attractive Double Tax Treaty network covering more than 60 countries
  • Access to all EU Tax Directives
  • Dividend income exemption based on relaxed conditions

EXCELLENT REGULATORY STRUCTURE

  • The legal system is closely aligned to the English common law legal system
  • Frequently updated to meet investors’ changing needs
  • Strong protection for investment & intellectual property (IP)
  • Establishing a business is simple and fast

LOW COST OF DOING BUSINESS

  • Lower labour costs for technical and professional talents than in other major EU capitals
  • Among the lowest office rental rates in Europe
  • Highly affordable critical business support services

ACCESS TO TALENT

  • The youngest population & workforce in the EU
  • 55% of the workforce has a tertiary degree
  • Businesses in Cyprus operate in English and 73% of Cypriots speak English
  • Booming private education sector with English taught programmes
  • Visa-free access to European talent
  • Easy access to global talent

HIGH QUALITY OF LIFE

  • One of the best climates worldwide
  • Top 5 safest country in the world (Value Penguin 2015)
  • Top 4 best retirement destination globally (Knight Frank 2016)
  • Most blue flag beaches per capita in the EU (Eurostat)
  • Best island economy 2017/2018 lifestyle & human capital (fDi magazine)

STRONG BUSINESS SUPPORT SERVICES

  • Wide range of services make starting & running a business easy
  • 700+ registered accounting firms including all major global firms
  • 2,700+ registered lawyers and 160 law firms
  • A range of serviced offices & co-working spaces
  • High availability of modern and affordable office space in all cities

POSITIVE ECONOMIC OUTLOOK

  • Robust GDP growth
  • One of the fastest growing EU economies
  • Consecutive upgrades by credit rating agencies
  • Positive macroeconomic forecasts
Evidentrust

Tax Advantages

Advantages of a Cyprus Company Incorporation:

  • Profits of Cyprus companies who have their residence in Cyprus, are subject to a corporate tax rate of 12,5%, which is one of the lowest tax rate within the European Union (EU).
  • Incorporation of Cyprus company is possible with 100% foreign ownership with a minimum one shareholder and one director both of which may be other corporations or natural persons.
  • No withholding tax on dividends, interest and royalties declared by companies to non-resident/domiciled shareholders.
  • Dividends paid to a Cyprus company are exempt from corporate tax.
  • Tax exemption on gains from the disposal of shares and other securities.
  • Beneficial IP regime which covers an 80% exemption on profits from the exploitation or licensing and gains on disposal of Intellectual property
  • Full capital gains tax exemption on the transfer or sale of shares in a company, except where the company owns immovable property in Cyprus.
  • Benefit from Double Tax Treaties with more than 55 countries.
  • Unilateral relief from tax in Cyprus on amounts of tax paid or withheld abroad.
  • There is no Wealth Tax or Inheritance Tax

More information about the reasons to invest in Cyprus at: https://www.investcyprus.org.cy/

Evidentrust Financial Services Ltd | About Cyprus
Evidentrust Financial Services Ltd | About Cyprus

Visit the MyCyprusTax for more information on how to submit you income tax form.

Visit the Cyprus Tax Department for more information on how to calculate your taxes.