Password Recovery

Please enter your email address in the field below and will we email your password to you.

Close

LOGIN/REGISTER USING YOUR FACEBOOK ACCOUNT

LOGIN USING YOUR GIG ACCOUNT DETAILS

Lost your password?

NOT A MEMBER? REGISTER!

A LOWTAX NETWORK INTERNATIONAL BUSINESS SMART TOOL
HOME ABOUT ONLINE GIG TOOL JURISDICTION INFORMATION PROVIDERS NEWS ARTICLES & FEATURES

Cyprus

Cyprus Flag

Country: Cyprus
Region: Europe
Currency: Euro (EUR) (€)
Languages: Greek, English
Time Zone: UTC +2

Phone Code: +357

Communications: Good

Formation Cost: 2800 - 4600 USD$
Formation Time: 5 - 9 days
Maintenance cost: 1600 - 2200 USD$

Executive Summary: The economy is dominated by services, with tourism particularly important. The government worked hard to create a favourable offshore tax regime while at the same time maintaining a normal-looking domestic economy. Domestic and offshore companies alike pay 10% tax. Cyprus has double tax treaties with over 40 countries, and is particularly useful as a conduit for FDI into ex-USSR countries. It is a relatively expensive jurisdiction for offshore operations, and many documents need to be filed in Greek. Recent troubles over the exposure of the banking sector to Greek debt are likely to be short-lived, and the current inept administration is almost certain to be thrown out next year.

Suitable for: Wealth Management, Treasury Management, Shipping, Yachting, Intellectual Property/Licensing, Holding Companies, Property Ownership
Show suitability stats

Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
Hide suitability stats

Vehicle Types: Limited companies, public limited companies, branches, general partnerships, limited partnerships, sole proprietorships and trusts

Capital primary business districts: Nicosia, Limassol, Larnaca

Good Relationships: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria, Turkey

Tax Burden - Business: Light

Tax Burden - Individual: Moderate

Headline tax rates: CIT 10%, PIT 20-35%, VAT 18%

Treaty Jurisdictions: Armenia, Austria, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Kuwait, Kyrgyzstan, Lebanon, Malta, Mauritius, Moldova, Montenegro, Norway, Poland, Portugal, Qatar, Romania, Russia, San Marino, Serbia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Sweden, Syria, Tajikistan, Thailand, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan

TIEA Jurisdictions: None

Information Links:

 

 

 

SHARE

Share on FacebookTwitter
linkedin share buttonstumbleDeliciousEmail

FOLLOW

FacebookTwitterGoogle+LinkedInTechnorati

Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

All rights reserved. © Wolters Kluwer TAA Limited