Cyprus is a beautiful island with developed infrastructure and sound, business friendly financial practices, situated in the crossroads of Europe, Asia and Africa in the Eastern Mediterranean basin.
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 & Eurozone Member State
Cyprus joined the European Union as a full member in 2004 and in 2008 it become a member of the Eurozone adopting as its currency the Euro. As such, Cyprus-based businesses have full access to EU markets with all privileges that this entails.
British and EU Legal Framework
The legal framework is based on British and European Community laws and the Government employs business friendly policies in order to induce and assist international businesses to establish operations in Cyprus.
Professional services
Accountants and Lawyers are all British educated and of the highest standard and ability with great experience in handling international businesses and transactions. Local staff are well trained and experienced and possess the required know how to handle international business requirements.
Tax Benefits
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.
Infrastructure Benefits
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.
