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Cyprus Business, Taxation and Offshore Information

Cyprus is an independent democratic republic and member of the Commonwealth. It is prosperous, with a GDP per head of US$ 23,320 (2016). The economy is based around services, with tourism particularly important. Unemployment is slightly above the world average, at 10.8% as of June 2017.

The Cypriot government has worked hard to create a favourable offshore tax regime while maintaining a normal-looking domestic economy with low rates of taxation. The success of this programme is attested to by the tens of thousands of offshore companies that have registered in Cyprus since 1975. However, the island's entry to the EU in 2004 led to a restructuring of the tax regime, which took place on 1st January 2003. Domestic and offshore companies alike now pay 12.5% tax.

Cyprus has double-tax treaties with more than 50 other countries and territories, including most major Western 'high-tax' countries, and many Eastern European states. This unusual feature for offshore financial centre means that Cyprus is a very effective place for holding and investment companies aimed at emerging markets. More »


Cyprus Knowledge Base

Cyprus: Country and Foreign Investment
A quick overview of Cyprus - its history, geography, and business advantages.
Cyprus Executive Summary »
Cyprus Geography »
Cyprus Population, Language and Culture »
Cyprus Government »
Cyprus Economy and Currency »
Cyprus Stock Exchange »
Cyprus Entry and Residence »
Cyprus Business Environment »
Cyprus Free Zones »
Cyprus Import of Foreign Capital »
Cyprus Investments by Foreigners »

Cyprus: Types of Company
A look at various types of company in Cyprus, providing options to suit different business needs.
Cyprus Private Company Limited by Shares »
Cyprus Exempt Private Company »
Cyprus Public Company Limited by Shares »
Cyprus Company Limited by Guarantee »
Cyprus Branch of Overseas Company »
Cyprus General Partnership »
Cyprus Limited Partnership »
Cyprus Sole Proprietorship »
Cyprus Trusts »

Cyprus: Offshore Business Sectors
The key sectors of Cyprus's offshore economy.
Cyprus Offshore Business Introduction »
Cyprus Trade, Marketing and Distribution »
Cyprus Financial Holding and Investment Activities »
Cyprus Offshore Banking Units »
Cyprus Offshore Financial Services Companies (Investment Funds) »
Cyprus Ship Management and Maritime Operations »
Cyprus Licencing and Franchising: Royalty Collection »
Cyprus Professional Services »
Cyprus Insurance »
Cyprus Tonnage Tax »

Cyprus: E-Commerce
A description of how e-commerce operations are enabled in Cyprus, and how the offshore tax regime can best be utilised for e-commerce.
Cyprus E-Commerce Introduction  »
Cyprus Facilities »
Cyprus Offshore E-Commerce Activities »

Cyprus: Offshore Legal and Tax Regimes
This section looks at available offshore operations in Cyprus and the criterion required for obtaining offshore tax status.
Cyprus Offshore Introduction »
Cyprus Forms of Offshore Operation »
Cyprus Tax Treatment of Offshore Operations »
Cyprus Tax Treatment of Foreign Employees of Offshore Operations »
Cyprus Exchange Control »
Cyprus Offshore Activities »
Cyprus Employment and Residence »

Cyprus: Law of Offshore
A hub for information about the main laws and statutes affecting offshore and non-resident businesses in Cyprus.
Cyprus Table of Statutes »
Cyprus Trust Law  »
Cyprus Banking Law »
Cyprus Investment Company Law »
Cyprus Investment Firms »
Cyprus Taxation of Collective Investment Schemes »

Cyprus: Labour Regulation
An analysis of employment law, industrial relations, and social security schemes in Cyprus.
Cyprus Regulatory Environment »
Cyprus Work Permits »
Cyprus Social Security »

Cyprus: Domestic Corporate Taxation
A guide detailing the scope and rate of taxes affecting companies in Cyprus.
Cyprus Scope of Corporation Tax »
Cyprus Corporation Tax Rates »
Cyprus Branch or Subsidiary? »
Cyprus Calculation of Taxable Base »
Cyprus Filing Requirements and Payment of Tax »
Cyprus Withholding Tax »

Cyprus: Personal Taxation
An overview of applicable taxes for individuals in Cyprus.
Cyprus Residence and Liability for Taxation »
Cyprus Income Tax »
Cyprus Capital Gains Tax »
Cyprus Estate Duty »
Cyprus Real Estate Taxes »
Cyprus Customs Duties »

Cyprus: Double Tax Treaties
Treaties and international agreements that Cyprus has in place, to mitigate the effects of double taxation.
Cyprus Tax Treaty Introduction »
Cyprus Tax-Sparing Provisions »
Cyprus Table of Treaty Rates »
Cyprus Other International Agreements »
Cyprus Promotion and Protection of Investment Agreements »
Cyprus Convention on Money Laundering »

Cyprus: Related Information
Other useful information pertinent to Cyprus.
Cyprus International Law »
Map of Cyprus »