Cyprus Tax Advantages
Cyprus company corporation tax at the rate of 12.5% which one of the lowest in European Union, exemption from taxation of the dividends received by a Cyprus company (under certain conditions: see Cyprus Holding Company), exemption from taxation of the profits from the sale of securities, absence of withholding tax for dividends distributed to non-resident shareholders of Cyprus, absence of withholding tax for interest paid to non-resident creditors of Cyprus, excellent double tax treaty network of Cyprus with more than 53 Countries.
Resident vs Offshore
A Cyprus company is considered to be a tax resident of Cyprus if it is managed and controlled in Cyprus. A Cyprus resident company is taxed on worldwide income at the rate of 12,5% and can take advantage of the double tax treaties concluded by Cyprus with more than 53 countries worldwide.
A Cyprus company is not considered to be a tax resident of Cyprus if it is not managed and controlled in Cyprus. A Cyprus non-resident company is not subject to taxation is Cyprus and considered as an offshore company.
We are a team of professional accountants, lawyers and tax experts with more than 20 years of experience in Corporate Services, International Tax Planning and Business Services.
We advise clients how to set up International Business Companies (IBCs) based in Cyprus and other jurisdictions and we offer a complete range of Corporate Services including administration and maintenance of IBCs, opening corporate Bank accounts in Cyprus and receive an EU VAT Registration in Cyprus.
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