A & C CHRISTOFI LTD > Why Cyprus

Why Cyprus

Cyprus has became a full member of the European Union as from 1st may 2014 and has the advantage of the lowest tax rate in European

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.



    Lowest corporate tax rate (12,5%) in the European Union

    Excellent network of double taxation treaties with more than 41 countries

    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


    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


send us an email at info@acccyp.com or cchr@acccyp.com

Read about our Covid-19 business support and working arrangements plan. We're posting regular updates to help our clients stay informed.

This website uses cookies and asks your personal data to enhance your browsing experience.


to our Newsletter