Cyprus has a rich history in financial and corporate services and is widely recognized as an exceptional destination for incorporating companies. This is due to its favourable tax system, robust legal and regulatory infrastructure based on UK common law, strategic location at the crossroads of three continents, low operating costs, and excellent professional services.

Since joining the EU, Cyprus has become a gateway for investments to and from the EU. The country offers unique tax opportunities to international businesses, including low corporate tax rates, a network of favourable double tax treaties, no withholding tax on dividends and interest payments, no capital gains tax on profits from the disposal of shares and securities, and exemption of taxes on foreign dividends and interest received. Additionally, Cyprus complies with EU directives and OECD requirements against harmful tax practices.

Whether setting up a company or planning to relocate your business to Cyprus, you will enjoy an efficient and Investor-Friendly environment, the safety of the European Legal Framework and Compliance Practices along with the Recapitalized Banking Sector.

At Cylex Legal Services, we can assist you in developing a tax strategy for your business, whether you are considering using Cyprus as a base for your international operations or investing in Cyprus. Our team of experts can provide comprehensive guidance to help you take full advantage of the unique opportunities offered by Cyprus as a financial center within the EU.

Strategically located at the crossroads of three continents in the Eastern Mediterranean, Cyprus offers great business and tax advantages as well as a high quality of life.

Some of the advantages of Cyprus Companies are:

• Low corporate tax rate – 12.5%
• No withholding taxes
• Tax Exemption on disposal of shares, bonds, debentures etc.
• Attractive IP Regime
• Attractive personal tax exemption scheme for new employees and investors

We will help you set up a company in accordance with your tax requirements and specific needs. Furthermore, we will assist you with all necessary filing and registrations (TIC, VAT) as well as undertake Administration and compliance with local laws and requirements.