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WHY CYPRUS

  • Full Access to European Markets
  • Access to 40+ EU trade agreements
  • A member of the Eurozone since 2008
  • Geostrategic position
  • Proximity & easy access to major markets
  • Investment Grade Sovereign Rating
  • One of the lowest corporate tax rates in the EU at 12.5%
  • An attractive double Tax Treaty network covering more than 60 countries
  • Access to all EU Tax Directives
  • Dividend income exemption based on relaxed conditions
  • Capital gains tax exemption
  • No withholding tax on outgoing dividend, interest or royalty payments
  • Gains from trading in securities are tax exempt
  • Notional interest deduction available for equity investment into Cypriot companies
  • Foreign exchange gains or losses are tax neutral
  • No tax on dividends, interest and rental income of non-domiciled individuals
  • 0% succession or inheritance taxes
  • No immovable property taxes
  • A competitive intellectual property regime
  • Tailor-made provisions for the investment funds industry
  • Competitive Tonnage Tax for shipping companies and an approved EU open registry
  • Tax deductions for investment into start-ups
  • No exit tax rules
  • 50% exemption on employment income exceeding €100,000 per annum for non-residents taking up employment in Cyprus
  • No tax on dividends, interest and rental income of non-domiciled individuals
  • Lower labour costs for technical and professional talents than in other major EU capitals
  • Among the lowest office rental rates in Europe
  • Highly affordable critical business support services
  • Wide range of services make starting & running a business easy
  • 700+ registered accounting firms including all major global firms
  • 2,700+ registered lawyers and 170 law firms
  • A range of serviced offices & co-working spaces
  • High availability of modern and affordable office space in all cities
  • One of the fastest growing EU economies (4.2% in 2017, Source: European Commission)
  • Consecutive upgrades by credit rating agencies
  • Positive macro-economic forecasts
  • One of the best climates worldwide
  • Top 5 safest country in the world (Value Penguin 2015)
  • Top 4 best retirement destination globally (Knight Frank 2016)
  • Most blue flag beaches per capita in the EU (Eurostat)
  • Best island economy 2017/2018 lifestyle & human capital (fDi magazine)
  • The youngest population & workforce in the EU
  • 55% of the workforce has a tertiary degree
  • Businesses in Cyprus operate in English and 73% of Cypriots speak English
  • Booming private education sector with English taught programmes
  • Visa-free access to European talent
  • Easy access to global talent
  • The legal system is closely aligned to the English common law legal system
  • Frequently updated to meet investors’ changing needs
  • Strong protection for investment & intellectual property (IP)
  • Establishing a business is simple and fast