An Established business center
An established, modern, fully compliant and transparent International Business Centre, as well as a preferred choice for conducting international business in or through Cyprus.
Its geostrategic location in the easternmost border of the EU, located precisely in the crossroad between Europe, the Middle-East, Asia and North Africa, offers a stable and secure base for gaining access to those markets.
Distances (by plane) to key destinations in the region can give you an indication of proximity and location:
- Israel (Tel Aviv) - 1 hour
- Greece (Athens) - 1 hour & 45 minutes
- Egypt (Cairo) - 1 hour & 25 minutes
- Middle East (Dubai, UAE) - 3 hours & 40 minutes
- UK (London) - 4 hours & 30 minutes
A stable democratic state, with EU and Eurozone membership and with an extensive Double Tax Treaty network (including the USA), Cyprus constitutes an ideal entry point into European and other international markets.
Business-friendly, with infrastructure that can facilitate the conduct of all kinds of business. A small, versatile and adaptable economy, it offers high level of professional services and skilled English-speaking workforce.
Establishing business substance on the island has a comparative cost advantage when compared to other prime EU jurisdictions.
A Thriving tech hub
Particular focus in recent years on the technology sector. The attraction of foreign investors and the fostering of innovation has placed Cyprus on the map for big players in the technology sector. The country’s EU-approved IP box regime provides potential for up to 80% tax exemption of qualifying IP profits.
Appealing Tax regime
Attractive, efficient and stable tax system, with a competitive corporate tax rate of only 12.5%. Depending on the nature of activities, the effective tax rate can be significantly reduced or even eliminated due to favourable tax provisions giving partial or full tax exemptions.
For Headquartering
Potential to use Cyprus as a base for establishing main or regional headquarters for business. Certain recent developments have created new and enhanced dynamics for choosing Cyprus.
Ideal for Personal relocation
In combination with a high standard of living, vibrant and cosmopolitan life and low crime rates, Cyprus offers significant tax advantages to foreigners becoming Cyprus tax residents or working in Cyprus.
Cyprus offers a secure foundation for both permanent residents and those on temporary or periodic stays, accommodating diverse needs. With liberal immigration policies, it attracts and retains top talent and their families. Additionally, it provides an array of personal benefits such as tax exemptions on passive income, low personal tax rates, a generous 50% tax exemption for high earners and an automatic non-domicile status for tax purposes.
Over our following newsletters we will separately be covering specific areas of interest in more detail. Stay tuned.
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