COMPANIES INCORPORATED IN CYPRUS

 

  1. INHERENT ADVANTAGES OF CYPRUS

    1. European Union Member
    2. Location - Crossroads of Europe, Asia and Africa
    3. Excellent banking services
    4. Excellent telecommunications
    5. Educated and well trained population
    6. High standard of professional services
    7. Excellent residential and office accommodation
    8. Reasonably low cost of living
    9. Crime free society
    10. Good air connections
  2. LEGAL ADVANTAGES OF CYPRUS

    1. TAXATION BENEFITS

      1. Low taxation of income at the rate of 10% on the profits of a company incorporated in Cyprus.
      2. No withholding tax on dividends.
      3. All revenue expenses incurred for the earning of income as well as annual allowances on fixed assets are allowed as a tax deduction.
      4. Full estate duty exemption on inheritance of shares in a company incorporated in Cyprus.
      5. Full capital gains tax exemption on capital gains, except on sale of immovable property situated in Cyprus.
      6. Full exemption from local Social Insurance Scheme for foreign employees of Companies.
      7. Full stamp duty exemption on contracts entered into by companies
      8. Low income tax for expatriate employees
      9. Duty-free facilities (non EU)
      10. The large number of Avoidance of Double Taxation treaties signed by Cyprus provides opportunities for advantageous tax planning.
    2. NO EXCHANGE CONTROLS

      Cash can be held in Cyprus or anywhere in the world and is freely convertible and transferable.

    3. COMPLETE CONFIDENTIALITY

      The owners may keep their identity confidential if this is desired through nominee and trust services.

    4. RESIDENCE AND WORK PERMITS

      Residence and work permits for foreign employees and their families can be readily obtained.

    5. ACQUISITION OF PROPERTY

      Non Cypriots may easily acquire property in Cyprus