Why form a company in Cyprus

Tax Incentives

Lowest Tax in the EU

Corporation tax rate of 12.5% - the lowest in the European Union, and the lowest “non-offshore jurisdiction corporation tax rate” in the world.

Tax Planning Solutions
  • Corporation tax rate of 12.5% - the lowest in the European Union, and the lowest “non-offshore jurisdiction corporation tax rate” in the world.
  • Corporation tax rate of 0% for shipping companies, 4.25% for maritime management companies.
  • Trading in securities is tax-exempt.
  • Foreign dividend income exemption.
  • No capital gains tax for properties held abroad.
  • Tax losses carried forward for five years and surrendered as group relief.
  • No withholding taxes, in most cases.
  • Attractive Permanent Establishment (PE) rules.
  • Re-Organizations (Mergers, Takeovers) within a group can take place without tax consequence.
  • Beneficial double tax treaty network. Unilateral tax-relief for foreign tax suffered to all Cypriot companies.
  • Interest deduction for borrowing.
  • Registration for EU VAT.
  • Low duties - taxes on the establishment of companies.

Republic of Cyprus favourable characteristics


Cyprus’ advantageous and unique tax legislation and infrastructure offers  the opportunity for every international organization to organize its affairs in such a manner that will ultimately result in substantial tax saving.
Cyprus is emerging as the most favoured jurisdiction in Europe to conduct international business. It has succeeded in differentiating itself from other financial centres, with a favourable tax system based on a wide network of very beneficial double taxation treaties.
Cyprus, as a member of the European Union and in compliance with the requirements of the Organisation for Economic Co-operation and Development (OECD), has reformed its tax legislation and has become an attractive location for the establishment of holding companies.
Cyprus is a respectable EU, non-offshore, non-tax heaven jurisdiction. It combines an “onshore EU identity” with “low-tax’’ advantages. Cyprus companies are EU Companies enjoying the full rights of the EU (based on the European Commission Treaty & the 4 basic freedoms).
Cyprus has an excellent infrastructure allowing clients to create “substance” to their tax planning in the form of setting up offices or operations in the island. During the past thirty years Cyprus has established itself as the main business and financial centre for inward and outward investment from Russia, Central and Eastern Europe and the Middle East.

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