Cyprus: Banking and Finance Hub of the Eastern Mediterranean
Introduction to Cyprus
Cyprus is an EU member state, a major destination for tourism, and a well-known financial center. Situated in the Eastern Mediterranean, it is a historic crossroads of trade and culture.
Cyprus is a Greek speaking country, with a high degree of English language fluency in the professional services and tourism sectors.
The jurisdiction is know for its attractive fiscal regime, and its strengths in international banking and shipping.
Corporate Focus Limited can provide company incorporation, registered offices, and local officers for Cypriot companies.
The Cyprus Company
Cyprus is an attractive destination for companies seeking to enter the European Union. It has a highly educated workforce, stable government, and well-developed financial system. Spacious and with a thriving cultural scene, it is also a popular destination among digital nomads.
Low corporate tax rate: Corporation tax in Cyprus is 12.5%, placing it among the lowest in Europe
No withholding tax: No withholding tax on dividends, interests, and royalties paid to non-residents of Cyprus. However, withholding tax present on dividends, payments, and royalties to entities and individual in the EU blacklist. A further 10% withholding tax is levied on remuneration of non-Cyprus tax residents for services exercised in Cyprus
Double tax treaty: It has signed over 50 double tax treaties with other countries
