Why CYPRUS
Cyprus is the third largest island in the Mediterranean, with an area of 9,251 km² and a population estimated at almost 1 million people.
The strategic location of the island has played an important role in establishing Cyprus as a very popular tourist destination and an ideal location for attracting international business. Cyprus benefits from its strategic geographical position in the Eastern Mediterranean, as it is at the crossroads of three continental zones acting as a vital gateway to Europe, the Middle East, Africa and Asia.
The high standard of living, favorable taxation and sophisticated legal framework, is the perfect choice for the international client.
As an EU member since 2004 and as a constantly evolving international financial centre, Cyprus has become a pivotal business hub offering high quality services and unlimited opportunities to foreign investors.
STRATEGIC LOCATION
Cyprus is situated in the eastern corner of the Mediterranean Sea, lying at the crossroads of Europe, Africa and Asia and close to the busy shipping and air routes linking Europe with the Arab world and the Far East.
The country's geographical location has been considered of strategic importance in global trade for thousands of years. Its strategic position has played a major role in the development of the island as a base for many of the world’s leading multinationals.
THE CYPRUS LEGAL SYSTEM
Cyprus’ primary corporate statutes are based on and derived from English company legislation and its legal system is modelled on the English common law system. Cyprus legislation is fully compliant with European Union legislation. European Union Directives are fully implemented into local legislation and European Union Regulations have direct effect and application in Cyprus.
TAX SYSTEM
Cyprus offers one of the most attractive tax systems in Europe. The country provides a simplified, effective and transparent tax regime that is fully compliant with the EU laws and regulations, rendering it as the ultimate international business centre.
Key Features of the Cyprus Tax System
Amongst Others:
• One of the lowest effective tax rates in the European Union
• 12.5% corporate tax rate
• 0% Tax on Dividends (for Legal Entities)
• A tax administration that aims to assist foreign investors
• Wide network of tax treaties with over 55 countries