Incentives to Incorporate a Company in Cyprus |
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Businessmen planning to incorporate a company in Cyprus should note that the government has been gradually liberalising foreign investment regulations in recent years. Investors planning to incorporate a company in Cyprus benefit from a range of incentives and infrastructural advantages. The following information will assist your decision on whether to incorporate a company in Cyprus: |
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For investors planning to incorporate a company in Cyprus, the country has a well-developed infrastructure and excellent communications with Europe and the Middle East. |
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For investors planning to incorporate a company in Cyprus, the country has a well-educated, skilled workforce which has an excellent command of English. |
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Investors planning to incorporate a company in Cyprus should note that the country has a low corporate tax rate of 10%, with additional benefits for investors. |
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Investors planning to incorporate a company in Cyprus should note that dividends paid by a Cypriot company to an overseas Company are exempt from tax deduction at source. |
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Non-EU investors planning to incorporate a company in Cyprus can invest freely in the country, with the exception of property (see point 6 below). There are no capital restrictions on non-EU investors, and no limits on foreign equity participation/ownership. |
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Residents of EU member states planning to incorporate a company in Cyprus are free to acquire property for commercial use in Cyprus. |
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Without authorisation from the Cyprus Central Bank, foreign investors may acquire shares in an existing Cypriot company directly. |
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Investors planning to incorporate a company in Cyprus should note that there are no restrictions on remittances for investment capital, earnings, lease payments, loan repayments or other business transactions. |
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Incentives available for investors planning to incorporate a company in Cyprus to carry out offshore activities include the following: income sourced from operations abroad is not subject to corporate or income tax. Immovable property outside Cyprus is not subject to capital gains tax or estate duty. |
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Investors planning to incorporate a company in Cyprus should note that Cyprus has signed double tax treaties with more than 40 countries. |
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As a member of the World Trade Organisation (WTO), Cyprus has obligations to protect the intellectual property rights for investors planning to incorporate a company in Cyprus. |
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Contact Us For additional information on the incentives available to incorporate a company in Cyprus, e-mail us at email@healyconsultants.com or telephone us in Singapore at (+65) 6735 0120. Back to Cyprus Company Formation page. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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