Cyprus is an attractive jurisdiction for international business companies. In addition to the numerous tax advantages offered by a Cypriot Company, the below make Cyprus one of the most preferred International Business Destinations.
Being the third largest island in the Mediterranean Sea, Cyprus’s excellent strategic location at the eastern end of Europe, and highly open economy make it attractive for companies looking to conduct business here. Furthermore, Cyprus has a stable political environment, low taxes and a highly skilled workforce making it one of the most favourable business locations in the world.
In no small part, Cyprus rise into the ranks of Europe’s leading finance centres has been driven by the island’s reputation for stability, predictability and security which has made it an exception among other global financial centres. A robust, EU-compliant regulatory framework, diverse ecosystem and deep talent pool also helped financial services companies from around the world to find opportunities for doing business in Cyprus.
The island is an ideal investment gateway to the European Union, as well as a portal for investment outside the EU, particularly into the Middle East, India and China. As a member of the wider EU and Eurozone community, Cyprus ensures safety and stability for investors, while also offering them market access to more than 500 million EU citizens. Our country’s competitive advantages are significantly enriched by a robust and transparent legal and regulatory framework and an attractive tax regime, which offers a wide range of incentives and advantages both for legal and natural persons.
Benefits that Cyprus offers to foreign investors
Located near the big European financial centers with which it is connected through direct flights. It has an enjoyable Mediterranean climate, savouring year-round sunshine.
Cyprus, a full member of the European Union is considered the best link of European companies and individuals to access the profitable markets of the Middle East.
The island’s low corporate tax regime, high standards of living, free-market, service-based economy with an effective and transparent regulatory, tax and legal framework have established Cyprus to be an international business center and a remarkable business base for a number of investors.
One of the main advantages that Cyprus offers is the tax regime of 12.5% for companies, a percentage that it is considered the lowest within the European Union.
Cyprus’ full implementation of EU regulations gives the opportunity to each investor to adopt the relevant benefits that are produced from those regulations.
Member of many international organisations including the Council of Europe, Commonwealth, Organization for Economic Co-operation and Development, United Nations, International Monetary Fund, World Trade Organization etc.
Cyprus is an internationally renowned shipping centre, home to some of the world’s leading names of the global shipping industry, offering the only EU approved Tonnage Tax regime with benefits for ship-owning, ship-management and crew management.
The discovery of hydrocarbons in Cyprus’ Exclusive Economic Zone (EEZ) has created new and exciting prospects for Cyprus to become an energy hub and a service centre in the Eastern Mediterranean.
Cyprus offers a wide network of double taxation treaties being a credible jurisdiction due to its alignment to EU directives and helps ensure that individuals and companies avoid double taxation.
The banking and financial services sector legislation is in line with international best practices and commercial banking arrangements. Commercial banks have very strong correspondent networks throughout the world and carry out traditional and specialised international financial transactions.
Based on English Common Law principles, Cyprus’ comprehensive and robust legal and regulatory framework, is widely recognized as a business-friendly and effective system that ensures transparency and reliability in business practices.
Additional incentives are given to start-ups and professionals who choose to relocate and operate from Cyprus. Efficient and established regulatory structure that offers fast and easy business establishment, IP protection (along with International agreements), investment opportunities, schemes to promote entrepreneurship and many more.
Strong protection regulatory structure for investment and intellectual property (IP).
Availability of various types of financing that may include EU Programmes, government Support Schemes etc.