Why Cyprus

Cyprus is the third largest and most populous island in the Mediterranean. It has an attractive location since is an island at the crossroad of three continents, ideal for expansion in Europe, Asia and Africa. This has played a crucial role in establishing Cyprus as an ideal business hub and a very popular tourist destination.  Cyprus has been a member state of the European Union and a member of the Eurozone for over a decade. This small but dynamic island nation presents not only plenty of investment opportunities but also a favorable business environment.

Strategic Location

Cyprus is geographically located between three continents; Africa, Europe, and Asia. Lying at the crossroads of these three continents has always played a significant role in establishing the island into a convenient center for trade and international business. In addition, its geographical position is close to the busy shipping and air routes linking Europe with the Arab world and Far East and this makes the island an active transshipment center that facilitates the shipment of goods into and out of the European Union.

Cyprus is the obvious choice for companies wishing to manage their international activities effectively since it can it can act as a point of exchange between multiple countries and provides easier access to new markets and

Larnaca

Larnaca is a port city on the south coast of Cyprus and the third largest city in the country. Cyprus main international airport is located in Larnaca which is approximately 30 minutes away from each of the two main centers. The last years the city observes constant development and is anticipated that higher growth will follow in the future since Cyprus government continuously invest in new projects within the city.

Hence, Larnaca has steadily built itself into a thriving business center over the decades.

Attractive Tax System

Corporation tax at 12.5%
Cyprus offers an attractive and transparent tax regime since is one of the lowest corporate income tax rates in the EU at 12.5%.

0% Tax on SDC for non-domiciled persons
Tax resident individuals who are considered non-domiciled in Cyprus, dividend and interest earned by such persons, are completely tax exempt in Cyprus.

Double Tax Treaties
It has extensive network of Double Tax Treaties, with 52 countries.

Tax free band at €19.500
First €19.500 of an individual’s taxable income is tax exempt. Any taxable income in excess of this amount is taxed at progressive rates ranging from 20% to 35% for taxable incomes over €60.000.

Exempt of profit from the sale of shares
Profit from sale of shares and other qualifying titles is specifically exempt from Cyprus taxation, provided that the underlying assets do not include immovable property located in Cyprus.

Robust and Legal Framework
Cyprus has a robust and transparent legal and regulatory framework which traces its origins in the English Common law principles. The latter is widely considered friendly to business because it ensures transparency and reliability in business practices.

In addition, Cyprus has been a member state of the EU since 2004 and a member of the Eurozone since 2008. European Union ensures that its members transposed European legislation and directives into local legislations. This provides investors with confidence that proper directives exist within Cyprus to ensure stability for investors.

Workforce
The island enjoys a large pool of well-educated and highly skilled human talent. The combination of investment opportunities within Cyprus together with the availability of quality people can help businesses to provide high quality professional services.