Cyprus: One of the most attractive jurisdictions for structuring International Operations

Cyprus has developed a reputation as one of the most attractive European tax regimes ranking top for the stability of its tax law, consistency in interpretation of tax legislation as well as comparatively low tax rates.

The island holds a strategic location at the crossroads of three continents. Upon membership into the European Union, Cyprus is being transformed into a key outpost in the Eastern Mediterranean, facilitating partnerships and serving as a springboard for investments among Russia, CIS countries, Europe, Africa, Middle East and Asia. Providing the perfect gateway for businesses to penetrate new markets, Cyprus is a heaven for modern business.

In this respect, the island is increasingly becoming in our opinion, the best jurisdiction for the the registration of Investment Firms (IF) with the most advantages, given that the applicant maintains a solid and serious operation: combination of low cost and low tax (flat 10% on profits and 0% dividends tax), as well as a reputation of adequate supervision and availability of compliance support.

Cyprus Limited Liability Companies

Concerning the Cyprus Limited Companies, one must note that the "offshore" concept was made known 30 or more years ago. As of January 1, 2003 there is no longer a distinction between local companies and International Business Companies, following the new tax legislation which aims to conform with European Union law. With the new legislation Cyprus maintains and enhances its competitiveness and the International Financial character of the Country has never been better.

The Lowest Corporate Tax in the EU and the extensive network of Double Tax Treaties

The low taxation, the sophisticated legal framework based on the English Legal System, the extensive network of Double Taxation Treaties, the freedom of exchange controls, the Political and Economical stability as well as numerous other advantages offered, have brought Cyprus today as being one of the most sought after destinations for the establishment of International Business Companies. More than 300,000 are currently active on the island. A number of these, operate from a fully fledged local office whereas many others use local Lawyers and Service Providers as their representatives.