Cyprus has become an internationally recognized financial services centre due to its geographical location in the East Mediterranean linking Europe to the Middle East and Africa, its attractive taxation regime, economic stability and reliability as well as an extensive network of double tax treaties with both EU and non-EU countries. The recognition as an international business centre has enabled Cyprus to develop strong commercial and business links with EU countries, Eastern European countries, Russia, India, China as well as the Arabic world.
Cyprus' reputation is enhanced by the fact that the island boasts well trained and highly skilled human resources versed in serving international business entities with professionalism and expertise. The accounting, legal and banking sectors are highly developed and are well equipped in order to meet the clients’ needs ensuring strict confidentiality.
Cyprus has become an attractive business location due to the high level of infrastructure ranging from the excellent telecommunication and transport facilities, the fluent use of the English language by the majority of the population and its pleasant climate.
Holding Companies in Cyprus
Cyprus is an ideal location where to establish holding companies due to the tax benefits it offers which include low tax rates, no withholding tax on interest, dividends and royalties or any other way of repatriating funds, no taxation on the profit from the disposal of shares and securities, the reduction or elimination of tax liabilities due to the double tax treaties in place and the EU directives.
More specifically, the Cyprus tax system is ideally suited to:
- Investment holding companies
- Finance companies
- Shipping companies
- Royalty companies
- Investment funds