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.
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.