Why Cyprus

Cyprus is possibly one of the most ideally strategically located countries in the world for almost any type of business situated at the crossroad of three major continents, Europe, Asia and Africa. Cyprus is a full European Union member with all the benefits that would be expected of dealing with any EU country. 

Cyprus maintains diplomatic relations with missions in most developed and other developing countries. As well as being a full EU country, Cyprus is also a member of the Council of Europe, the Commonwealth, the World Bank and the International Monetary Fund.

A number of favorable factors have made Cyprus an attractive place in the world for doing business, including a high standard of living, the hospitality, friendliness and the competence of the Cypriot people.

While an EU member, Cyprus also boasts the lowest corporate tax rates in the EU of 10% in addition to the following benefits; 

• Strategic location at the crossroads of three continents
• Highly developed and efficient legal, accounting and banking services based on English practices
• Excellent transport and modern telecommunication facilities
• Free market economy
• Secure environment and politically stable
• Favourable tax regime for ship management and competitive ship registration costs and annual tonnage taxes
• Strictly confidentiality with the local authorities
• Extensive network of double tax treaties
• Cyprus is not considered as a “tax haven” and a Cyprus business company is distinguishable from any other company registered in any developed country in the world, therefore, the business of such company will not suffer from identification as a “tax haven” operation