Why Cyprus
Cyprus is a full member of the European Union since the 1st of May 2004, with a perfect geographic location in the Eastern Mediterranean Sea linking Europe with the Middle East, Africa, and Asia. Situated in a strategic commercial location and historically, had always been a crossing point between Europe, Asia, and Africa.
MAIN FEATURES OF CYPRUS TAX SYSTEM
Cyprus’ tax system is in full compliance with EU and OECD requirements against harmful tax practices. Read more to explore the main tax facts of Cyprus tax system.
CYPRUS HOLDING COMPANIES
The Cyprus holding company regime, one of the most advantageous in the EU, is probably the most attractive feature of the Cypriot tax system. A holding company is generally set up as an ordinary company resident in Cyprus. There is no geographical limitation on the exercise of a company’s activities and its income may be derived from any source, including a Cypriot-based source. Moreover, there is no restriction on the ownership of a company’s shares.
CYPRUS DOUBLE-TAX TREATIES
Constructive use of the Cyprus Treaties’ Network has provided considerable advantages to businesses and individuals who have chosen Cyprus for the establishment of legal entities. Tax treaties supersede local tax legislation and therefore they are useful tax-planning tools to protect businesses and individuals against double taxation of income earned in other countries.