Cyprus Tax Planning benefits
Cyprus is now a premier holding, finance, royalty and trading company jurisdiction and it is also utilized in other types of tax structures e.g. employment structures, shipping structures and foreign permanent establishment structures.
Cyprus has developed a reputation as one of the most attractive European tax regimes ranking top for the stability of its tax law, consistency in interpretation of tax legislation as well as comparatively low tax rates.
By providing a transparent and efficient environment the tax system of the island enhances competitiveness and contributes to making the country a very attractive jurisdiction in which to structure international operations.
Cyprus is now a premier holding, finance, royalty and trading company jurisdiction and it is also utilized in other types of tax structures e.g. employment structures, shipping structures and foreign permanent establishment structures.
Taxable profits of all Cyprus tax resident companies are taxed at the corporate tax rate of 10% although various tax exemptions on income make Cyprus’ tax regime one of the most favourable worldwide.
Tax legislation distinguishes between tax resident and non-tax resident companies