Why Cyprus and Cyprus Companies

The significant advantages of Cyprus as an international business centre:

• Member of the European Union
• Strategic location at the crossroads of three continents, serving as Europe's Middle Eastern outpost
• Favourable tax regime including 10% corporation tax
• Liberal Foreign Direct Investment regime
• Simplified administrative procedures for acquiring necessary permits
• Bilateral investment agreements with 17 countries
• Low set up and operating costs
• Highly qualified, well-educated and multilingual labour force
• Double tax treaties with 40 countries
• Freedom of movement of foreign currency
• Availability of Freezone Area
• Efficient legal, accounting and banking services
• European standard of living
• Pleasant climate and agreeable topography
• Excellent telecommunications
• Democratic country with a free market economy
• Political stability
• Low crime rate: one of the lowest in Europe

Other benefits of Cyprus companies:

• Absence of CFC legislation;
• Competitive fees for company formation and administration;
• Low capital requirements;
• Strong legal system based on English common law;
• Access to the EU Parent-Subsidiary Directive and EU Interest and Royalty Directive (no withholding taxes are due over dividend, interest and royalty payments from companies resident in other EU-countries to a Cyprus company);
• A significant number of tax treaties.