The Republic of Cyprus has traditionally established itself as an international business hub and a top European relocation center. With over 2,000 active, highly skilled and English-speaking, legal practitioners and accountants the country's workforce advances professional services sector, facilitates economic growth and makes Cyprus a favorable investment jurisdiction.
Situated at the crossroads of the three continents of Europe, Africa and Asia, Cyprus is the third largest island in the Mediterranean. Its strategic location makes it a highly sought-after investment jurisdiction for EU, Asia, and Middle Eastern investors.
Efficient Tax System
The Cyprus Tax regime is perhaps the most attractive and transparent EU tax regime. It is fully compliant with EU, OECD, and international tax legislation. Key features of this include:
- 12.5% corporate income tax rate
- Double Tax Treaties with 60+ countries
- Dividend participation exemption
- Exemption on titles disposal, i.e., shares, bonds, debentures
- No succession taxes
- No withholding taxes
- Attractive IP regime
- Tonnage tax for shipping companies
- Notional interest deduction
- Personal tax exemptions for new residents
Cyprus has been a member of the European Union since 2004 and a member of the European Monetary Union since 2008. EU membership acts as a safety net for investors ensuring efficiency, stability, and free access to a market of 500+ million people.
Cyprus Constitution safeguards and protects private property from expropriation, requisition or any form of deprivation whilst Cyprus is a signatory to the MIGA Convention, the ICSID Convention, and 26 Bilateral Treaties related to foreign investment protection.
Legal & Regulatory Framework
EU legal framework makes Cyprus a fully transparent, and harmonized country in accordance with EU and international standards (OECD, FATCA, CRS, AML, etc). This ensures that an effective, reliable, and business-friendly framework is in place which advances business practices for investors and international business.
Quality of Life
Cyprus enjoys more than 10,000 years of history and civilization with an amazing climate with more than 340 days of golden sunshine a year. People lucky enough to live here enjoy the beautiful beaches with crystal waters, ancient sites of history and culture, the amazing local cuisine, and the spirit of hospitality, love, and well-being.
Cyprus is internationally connected with other jurisdictions through its two modern international airports, with fully fledged low-cost airlines, and two multi-purpose deep seaports.