Cyprus provides an attractive destination for investor immigration. The strategic location of the island has played an important role in establishing Cyprus as a business hub since antiquity and as a very popular tourist destination. Cyprus has been a member state of the EU since 2004 and a member of the Eurozone since 2008. The combination of high quality of life, highly educated professional workforce, business infrastructure and availability of investment opportunities continue to make it the ideal business hub in the region.
Legal System
Cyprus boasts a legal system rooted in the principles of English Common Law, renowned for its business-friendly nature and efficiency. This system ensures transparency and reliability in business practices, providing foreign organizations with a familiar and stable framework for their operations.
Moreover, Cyprus’ legal system is fully compliant with various international standards and regulations, including EU legislation, the Financial Action Task Force on Money Laundering (FATF), OECD guidelines, FATCA requirements, Financial Stability Forum laws and regulations, as well as EU Anti-Money Laundering (AML) directives.
By adhering to these stringent standards, Cyprus maintains a solid reputation as a trustworthy and compliant jurisdiction for business activities. This compliance ensures that businesses operating in Cyprus can have confidence in the legal framework supporting their operations.
Corporate TAX
Cyprus presents an appealing, modern, and transparent tax system that adheres fully to EU, OECD, and international laws and regulations. It also offers access to a wide-reaching network of over 60 Double Tax Treaties, providing significant advantages for businesses.
One of the standout features of Cyprus’ tax system is its competitive corporate tax rate of 12.5%, which is among the lowest in the European Union. This favorable rate contributes to the country’s attractiveness as a business destination.
Here are some key features of Cyprus' tax system:
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Double Tax Treaties
Cyprus has established a comprehensive network of over 60 Double Tax Treaties, facilitating favourable tax treatment for international businesses engaged in cross-border activities. These treaties help prevent double taxation and promote investment flows. -
EU and OECD Compliance
Cyprus' tax system is fully aligned with the tax regulations and standards set by the European Union and the Organization for Economic Cooperation and Development (OECD). This compliance ensures transparency, fairness, and accountability. -
Extensive Tax Exemptions and Incentives
Cyprus offers a range of tax exemptions and incentives, including exemptions on dividends, interest, and capital gains. Additionally, it provides various incentives to attract foreign investment and encourage specific industries. -
Intellectual Property Regime
Cyprus has a favourable Intellectual Property (IP) regime that allows for the efficient management and exploitation of IP assets, providing potential tax advantages for businesses involved in research, development, and innovation. -
Capital Gains Tax Relief
Cyprus provides relief from capital gains tax in several scenarios, such as the sale of shares, immovable property, and business assets, subject to certain conditions and criteria.
By leveraging Cyprus’ attractive tax system, businesses can benefit from a competitive corporate tax rate, access to a vast network of Double Tax Treaties, and a favourable environment for investment and growth. Our team of experts is ready to assist you in navigating and maximizing the advantages offered by Cyprus’ modern and transparent tax regime.
Personal TAX
In Cyprus, personal income tax rates follow a progressive structure, with the highest marginal tax rate set at 35% for taxable income exceeding €60,000. Notably, income up to €19,500 is exempt from taxation.
There are also noteworthy exemptions available for non-domiciled individuals and non-residents who become residents in Cyprus.
These exemptions include:
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Dividends and Interest
Non-domiciled individuals are not subject to tax on dividends and interest income earned. -
Employment Income
Non-residents who were not previously resident in Cyprus can benefit from tax exemptions on income derived from employment within Cyprus.
These exemptions provide favourable tax treatment for individuals relocating to Cyprus, encouraging foreign investment, and attracting skilled professionals to the country. Our team of experts is ready to assist you in navigating the personal tax landscape in Cyprus, providing comprehensive guidance tailored to your specific circumstances.
Setting up in Cyprus
Setting up a company in Cyprus is a straightforward process that can be completed efficiently within 3-5 days. Additionally, if you opt for a ready-made shelf company, the timeframe for registration is even shorter.
Our team specializes in assisting clients with company registration in Cyprus, ensuring a smooth and efficient process. We guide you through all the necessary steps, including the preparation of required documents, submission to the relevant authorities, and timely completion of the registration process.
Whether you choose to establish a new company or opt for a ready-made shelf company, we are well-equipped to provide comprehensive support and expedite the registration process. Our goal is to ensure a hassle-free experience, allowing you to focus on your business operations from the moment you decide to set up in Cyprus.
Reach out to our team today to initiate the company registration process and benefit from the attractive business environment Cyprus has to offer.
Living in Cyprus
Living and working in Cyprus offers a range of attractive advantages that contribute to an exceptional quality of life. Here are the key highlights:
Cyprus offers a delightful and pleasant environment with over 300 days of sunshine throughout the year. With 77 blue-flag beaches, residents and visitors can enjoy ample opportunities for relaxation, leisure activities, and outdoor enjoyment. Additionally, Cyprus is recognized for its low air pollution levels, ensuring clean and healthy surroundings.
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Safety
Ranked among the safest countries worldwide, Cyprus offers a secure and peaceful living environment. -
High-Quality Education
From pre-school to university, Cyprus provides top-notch education, offering international students new opportunities for learning and personal growth. -
Excellent Healthcare
Accessible private and public health institutions in Cyprus deliver outstanding healthcare services, ensuring the well-being and welfare of residents. -
Hospitality and Friendliness
Cyprus has a strong tradition of hospitality deeply ingrained in the local culture. The welcoming and friendly nature of the people creates an open and inclusive environment for newcomers. -
Cosmopolitan Island
With a quarter of its population originating from overseas, Cyprus has a richly diverse and cosmopolitan culture, offering a unique blend of traditions, languages, and experiences.