Cyprus

Cyprus offers a wide range of business opportunities while enjoying the benefits of full EU membership. In addition to its tax-efficient legislation, Cyprus has a well-developed technical and financial infrastructure. Being a full EU member, Cyprus enjoys benefits such as free movement of goods, services and capital. Citizens may conduct business, travel to, study and live in Cyprus

Key factors that make Cyprus an attractive destination for investment, is the highly specialized human capital, the reliable legislative and regulatory framework, the stable tax system and the safety and stability conditions prevailing in the country.

Conveniently situated at the crossroads of three continents, Cyprus enjoys the benefits of full EU membership, while providing an accessible gateway to Europe, Asia and Africa. The island boasts pristine beaches and an excellent climate, combined with a modern, professional and fast-paced business environment.

The comparative advantages Cyprus has to offer are:

• The island enjoys a privileged geographical location at the crossroads of Europe, the Middle East and Africa
• It enjoys the benefits of full EU membership
• The government has a pro-business approach toward new reforms
• The process of incorporating a business is swift and simple
• The country has the lowest crime rate in Europe

Cyprus boasts several attractive taxation advantages:

• One of the lowest corporation tax rates in the European Union at 12.5%
• No withholding taxes on dividend, interest and royalty payments abroad
• No capital gains tax (exceptions apply for disposal of real estate in Cyprus or shares of company holding real estate in Cyprus)
• Attractive intellectual property regime
• Tonnage tax for shipping companies
• Notional interest deduction for investments in Cyprus companies
• Personal tax exemptions for new residents and non-domiciled individuals
• More than 50 double tax treaties