Following the accession of Cyprus to the EU a new economic era has began. This new era is offering an impressive number of additional economic advantages to investors and entrepreneurs who are interested in doing business worldwide using Cyprus as their business base. The Cyprus economy is exhibiting dynamism and flexibility; these characteristics coupled with new advantages offered by the EU membership.
With the enactment of its new Tax Legislation on January 2003 and the abolition of offshore regime, Cyprus has put a simplified, effective and transparent tax system in place that is fully EU, OECD, FATF, and FSF compliant.
The low tax regime coupled with an extensive list of double tax treaties, an enviable time zone location, and a mature legal accounting and banking infrastructure places Cyprus high on the list of preferred jurisdiction for international tax planners.
The result is a stable EU, non-offshore, tax competitive jurisdiction with exciting tax planning potential for EU and Non Eu clients alike. The major advantages for using Cyprus in you international business ventures are:
Corporate tax of only 10%, the lowest in the EU,
Tax relief for group losses,
Full adoption of the EU Parent Subsidiary Directive,
