Cyprus Company Benefits
Cyprus is the most beautiful Island in the Mediterranean sea well known for its sunny weather and sandy beaches. It is also known for its excellent financial services sector. The high quality of services provided by all comprising this sector together with the high level of English proficiency on the Island and friendly culture make it ideal to make Cyprus the centre of your operations.
Get in touch now to set up your Cyprus Company
In order to find out exactly what suits your needs, or if you have already decided to set up a Cyprus Company, you can contact us now via:
and we are glad to answer all your queries.
Here are just some of the benefits that make Cyprus so special for setting up a company.
The profits of a Cyprus Company are taxed at a flat rate of 12.5%. The effective tax rate being the lowest in Europe, as there are not further taxes, making our Island ideal for tax mitigation.
Any dividends paid from a Cyprus Company towards a foreign resident is not subject to any taxation in Cyprus. Since July 2015, dividends tax to non-domiciled Cyprus residents is also tax free. Also, dividend paid to other local and foreign Companies is not subject to tax.
tax on Dividends
No VAT is payable on sale of services and goods made towards other EU located businesses. Sales made towards Cyprus customers and businesses are subject to 19% VAT, the lowest VAT rate in Europe.
Cyprus has tax treaties with more than 60 countries that make sure that tax payers avoid paying tax in two countries. These include: USA, UK, Greece, Russia, Poland and many more.
Double Tax Treaties
Cyprus companies can be utilized to make investments on the Island to such a level that may entitle its shareholder to acquire a Cyprus citizenship. The whole process can be handled by our firms qualified legal advisers and the citizenship issued within no time.
Individuals who are interested in investing less amounts of money in Cyprus, may be eligible to obtain a permanent VISA on the island that will entitle its holders VISA free travel within the EU.