Cyprus is an island-country situated in the Eastern Mediterranean at the crossroads of Europe, Asia and Africa. A former Bristish colony, it has been an independent republic since 1960 and a member of the European Union since 2004. Its inhabitants are predominantly ethnic Greeks and English is widely spoken among the population.
Corporate Tax Rate
Cyprus has for many years established itself as a reputable international financial centre and is a competitive jurisdiction for international trade and business.
One of the most favourable tax systems in the European Union (EU) with an affective corporation tax rate of 12.5% and no withholding taxes on dividends, interest or royalties.
The following are some of the Cyprus advantages over other financial centres:
- Excellent legal infrastructure, based on the English system
- Tax system follows the OECD model
- Wide network of double tax treaties
- Highly developed banking and professional services sector (accounting, legal, etc)
- Abundant supply of educated and multi-lingual human capital
- Excellent telecommunications network
- Strategic location, situated in the Eastern Mediterranean, where Europe, Asia and Africa meet
- Alignment with EU policies through implementation of EU directives
Full accounting & payroll services are also offered.
The cost of incorporating a limited liability company in Cyprus is 1,650 EUR