Many International Businesses are relocating in Cyprus to setup a company, a branch, a holding Company or other structures like partnerships and trusts. There are many factors that make Cyprus an attractive environment for conducting business.
A geographic location with a great potential for investors to reach new markets. Cyprus lies at the crossroads of Europe, Asia and Africa and is close to the busy shipping and air routes linking Europe with the Arab world and the Far East, representing a strategic hub for business activities in the region.
Cyprus has a solid and friendly infrastructure for businesses. English language is widely used as the main business language. Nicosia and Limassol host the two main business centers of the island. Limassol hosts the main port of the country. Two airports are located in Larnaka and Pafos.
Cyprus exhibits the highest percentage among the EU of people between the ages 25-35 possessing tertiary education qualifications. Another important advantage of Cyprus human capital is that the country has various foreign communities such as Russians, Ukrainians, Chinese and Arabs thus making it easy to recruit foreign speakers, translators, or generally professionals according to the nature of the business.
The Favorable Tax System
Cyprus today constitutes a world service center. Business people benefit from the country’s simple tax legislative framework with competitive tax rates, also in line with the E.U acquis and governed by a wide range of double taxation agreements with other countries.
- One of the lowest corporate income tax rates in EU at 12.5%
- Exemption from Corporate Tax on Dividends
- Exemption from Tax on profit on Disposal of Securities
- No Withholding Tax on Interest, Royalties and Dividends
- Extensive double Tax treaties network
- Attractive IP regime
- Tonnage tax for shipping companies
More information about the reasons to invest in Cyprus at: http://www.cipa.org.cy/cyprus-investment-promotion-agency/