Why Cyprus

Why Cyprus

Cyprus benefits greatly from its strategic geographical position in the Eastern Mediterranean as it is at the crossroads of three continental zones acting as a vital gateway to Europe, the Middle East, Africa and Asia. In addition, being a member of the European Union since 2004, Cyprus is also fully compliant with EU and OECD regulations, something that has given Cyprus international recognition in the field of corporate and financial services.

Competitive advantages

  • Strategic Location
  • Member of the EU
  • Member of the Eurozone
  • Efficient and Comprehensive Tax System
  • Corporate Tax Incentives
  • Personal Tax Incentives for newcomer Executives
  • Business Friendly
  • Human Talent
  • Infrastructure
  • Quality of Life
  • Value for Money Services
  • Robust Legal and Regulatory Framework

Corporate Tax Rate @ 12.5%

Exempt from tax:

  • Dividend income
  • Profits from overseas
  • Permanent establishments
  • Profits from the sale of securities

No withholding tax on:

  • Dividends
  • Interest and
  • Royalties¬† paid from Cyprus
  • Most international transactions are exempt from VAT
  • Double Tax Treaties with more than 50 countries

Legal system

  • Based on the English Common Law Principles with Application of EU Directives
  • Transparent and Fully harmonized with international standards
  • High quality legal services and Collaboration with international law firms

Human talent

  • Highest tertiary education percentage within the EU
  • Multilingual workforce with International business experience

Great quality of life

  • Security and safety
  • Excellent Educational Institutions
  • Multicultural
  • High quality tourist & leisure facilities year round
  • Millennia of culture, history and art
  • Fabulous weather
  • Gastronomy
  • Quality of air and sea

Infrastructure

  • Robust road and network and small distances
  • Two modern international airports
  • Two multi-purpose deep sea ports
  • Excellent telecommunications infrastructure
  • Reliable high speed international connectivity
  • 100% Broadband and mobile broadband coverage