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Why Cyprus

CYPRUS HAS BECAME A FULL MEMBER OF THE EUROPEAN UNION AS FROM 1ST MAY 2004 AND HAS THE ADVANTAGE OF THE LOWEST TAX RATE IN EUROPE

THE REPUBLIC OF CYPRUS was established in 1960, after the former colony gained independence from Britain. Since 1974, however, a de facto division of the island has existed, with the Greek Cypriot community controlling 63% of the territory, and the Turkish Cypriots, backed by Turkish army units, 37%. The scene of constant anticolonial and intercommunal strife since the mid-1950s, Cyprus assumed an importance out of proportion to its size and population because of its strategic location and its impact on the national interests of other nations. The island’s location in the eastern Mediterranean Sea has made it easily accessible from Europe, Asia, and Africa.

WHY YOU SHOULD CHOOSE CYPRUS

TAX ADVANTAGES

  • Lowest corporate tax rate (12,5%) in the European Union
  • Excellent network of double taxation treaties with more than 41 countries (Please follow the link for the Double Taxation Agreements)
  • No withholding of taxes for payment of dividends to non residents
  • Holding companies if properly structured can escape taxation all together
  • Non resident companies are taxed only on the income derived in Cyprus
  • Capital gains tax is payable on the sale of immovable property in Cyprus, and on the sale of shares in a company that

Other Advantages

  • Strategic geographical location
  • Democratic country with a stable environment
  • Climate and living conditions
  • English language is widely spoken
  • Skilled professional staff at all areas

For more information about Cyprus, for any area of interest please visit the Goverment website

or

send us an email at info@ac-accountants.com or cchr@ac-accountants.com.

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