Cyprus joined the European Union as a full member state in 2004, and adopted the Euro in January 2008. Cyprus is an excellent location for many foreign investors because it’s highly rated business environment is equipped with the latest technology and professional knowledge from its well educated local and international working force
The favourable corporate tax rate of 10%, double-taxation treaties between Cyprus and over 40 countries,it’s legal and accounting structure, is under the Anglo-Saxon model, gives foreign investors unique advantages when incorporating their business through Cyprus :
•Full participation exception for resident companies for dividend income received from subsidiary companies.
•Freedom to distribute dividends, interest and royalties; tax free from Cyprus to any country.
•No minimum holding period of shares prior to liquidation.
•No controlled foreign (CFC) legislation.
These and other advantages make Cyprus a favourable place of incorporation for companies targeting emerging markets as well as a secure base for their business.
