Advantages of Cyprus
Cyprus has traditionally been an attractive international financial services centre, combining a convenient location amongst three continents, advantageous tax rates, financial stability and credibility as well as a wide network of international treaties for the avoidance of double taxation.
European Member State
Cyprus has been a full member of the European Union since May 2004 and fully adopted the Euro as its currency since January 2008. As such, Cyprus-based businesses have full access to EU markets with all privileges that this entails.
The low tax rate together with the extensive double taxation treaty network provides companies resident in Cyprus with a strong basis for cross-border investments. Cyprus investment holding companies enjoy the additional tax advantage of dividend income and profit from the sale of shares being exempt from taxation.
Cyprus maintains a highly professional workforce to provide support to international business. The legal system is based on English common law and English is fluently spoken throughout the country. The accounting, legal and banking sectors are highly developed and the country enjoys a high standard of living with excellent telecommunication facilities in a stable and low-crime environment.