The Cyprus Concept
Cyprus is an international trade center since more than 2000 years. During more than 2000 years, a culture of sensitive incentive concepts have been developed in order to increase the island’s attractiveness for international business.
Today, being EU member since 2004, Cyprus is an international business and finance center with a general tax level of only 10 %, the lowest corporate tax level in the EU. Combined with other, wisely created tax incentives, even lower tax rates may apply. Many business transactions are exempt from any tax.
Cyprus is particularly concerned not to be a tax haven, but an international business and finance center with extraordinarily advantageous tax incentives. The former offshore legislation has been abolished prior to becoming member of the EU. Cyprus’ laws fully comply with all relevant regulations of the EU, OECDi FATF and FSF. Cypriot incorporations are fully acknowledged in the entire EU as EU companies, an advantage that especially attracts holding companies. Thus, Cyprus today advantageously competes with Luxembourg, the Netherlands and Ireland.
Cyprus especially emphasized on wealth protection. Data privacy protection, reduced obligation of disclosure, absolute no piercing of corporate veil and a sophisticated trust legislation are only a few of the advantages you and your company may benefit from in Cyprus.
Far more than 100.000 foreign companies and trusts, many of them with permanent establishments in Cyprus, enjoy the many advantages of the country.
We like to present to you in detail the advantages of Cyprus on the following pages.
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