The taxation scheme on corporate tax for Cypriot companies, provides the lowest tax rate (12.5%) in the European Union. Cyprus being a member of the EU, provides access to EU directives and EU VAT registration.
Tax System
Its main features are:
- One of the lowest corporate income tax rates in the EU at 12.5%
- Dividend participation exemption
- Exemption on disposal of “securities” (e.g. shares, bonds, debentures)
- No succession taxes
- No withholding taxes
- Attractive IP regime
- Tonnage tax for shipping companies
- Notional interest deduction
- Personal tax exemptions for new residents and non-domiciles
- Incentives for investment into start-ups
Our team is ready to consult you on the following areas:
- Formation of companies in Cyprus
- Corporate management and administration
- Domiciliation services
- Corporate reorganization and restructuring
- Shareholder agreements and corporate governance issues