Cyprus is the ideal location for a company to kick-start its business. The island enjoys a large pool of well-educated and highly skilled human talent. At the same time, the country has an attractive and transparent tax regime offering a number of incentives to business, including an attractive IP regime.
The Cyprus IP regime
Cyprus is an attractive location for the establishment of an Intellectual Property (IP) holding and development company offering an efficient tax rate as well as the legal protection afforded by EU Member States and by the signatories of all major IP treaties and protocols.
A number of programs have been introduced by local businesses to encourage innovation and entrepreneurship:
- ARIS program
- IDEA – Innovate, Develop, Excel, Accomplish
Enjoy one of the most attractive tax regimes in Europe, fully compliant with EU and OECD regulations. Its favourable provisions render Cyprus an ideal location for doing business in the region.
Cyprus is considered as of the most favourable jurisdictions within the EU on personal taxation, attracting a number of expatriates to work and live in Cyprus.
Doing business in Cyprus
The strategic geographic location of the island together with its talented workforce, EU membership, robust legal framework, business friendly environment and competitive tax regime make Cyprus the ultimate choice for setting up and running your business.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.