A MEDITERRANEAN BUSINESS HUB
The island of Cyprus is strategically located at the crossroads of Europe, the Middle East, Asia and Africa. Its low corporate tax rates, professional English speaking workforce and excellent infrastructure provide the perfect environment to establish your business in an E.U. jurisdiction. Aside from being an ideal international business hub, Cyprus enjoys over 340 days of sunshine annually, attracting over 2 million tourists each year.
LEGAL AND ACCOUNTING FRAMEWORK
Cyprus’ legal and regulatory framework is based on English Common Law principles and is aligned with E.U. laws and regulations. E.U. Directives are implemented into local legislation and have direct effect and application in Cyprus. Furthermore, Cyprus has double taxation treaties with over 43 countries in the E.U., Africa, the Middle East and Asia, and with the USA and Canada. The E.U. International Financial Reporting Standards constitute the Generally Accepted Accounting Principles in Cyprus and as such all Cyprus registered entities maintain one set of financial information for financial reporting, tax purposes and yearly audits.
HOW CAN YOU INVEST IN CYPRUS?
Depending on what you wish to achieve, there are many ways to structure your investments in and through Cyprus. The establishment of a holding or trading Limited Liability Company allows you to take advantage of the double tax treaty network and an extremely competitive low corporate income tax rate of 12.5% with no withholding tax on dividends to non-residents. Setting up an Investment Fund (UCITS and non UCITS) or Private Fund (ICIS) regulated by the Cyprus Securities and Exchange Commission offers E.U. passporting ability at a much lower cost than other E.U. markets. Direct investments into fixed assets such as real estate or the currently flourishing sustainable energy and gas sectors can also provide access to the Cyprus/E.U. Citizenship through investment programs.
WANT TO KNOW MORE?
We have extensive experience in providing international business and operational consulting services to enable you to structure your investments in Cyprus.
To see what opportunities Cyprus can offer you, contact us for a no obligation discussion on how we can help you and your business grow.