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We welcome investment opportunities in the key sectors outlined in the site.
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Lowest EU corporate tax rate
Lowest Corporate Tax rate in the EU of 10%
Exemption from Tax:
- Dividend income
- Profits from overseas permanent establishments
- Dividend
No withholding Tax on:
- Dividend income
- Interest and royalties paid from Cyprus
Double Taxation Agreements
Cyprus has developed a wide network of Double Tax agreements with over 40 countries, ensuring that the same income is not taxed in more than one country. Cyprus is in the stage of negotiating the conclusion or awaiting ratification of Double Taxation Agreements with several more countries.
Specifically, Cyprus has entered into agreement with the following countries:
Armenia, Austria, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Czech Republic, Denmark, Egypt, France, Germany,Greece, Hungary, India, Ireland, Italy, Kuwait, Kyrgyzstan, Lebanon, Malta, Mauritius, Moldavia, Norway, Poland, Qatar, Romania, Russia, Serbia and Montenegro, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Sweden, Syria, Tajikistan, Thailand, Ukraine, United Kingdom, United States of America and Uzbekistan.
(Source: Ministry of Finance)
This information is intended for general guidance only. For details please contact professional advisors.
For an updated list of the countries please visit the Government of Cyprus site.
International Trusts
Cyprus International Trusts are widely used as a vehicle for international tax planning, offering the following tax advantages:
- Income and gains of a Cyprus International Trust, derived from sources outside Cyprus are exemptfrom any tax imposed in Cyprus under certain conditions.
- Dividends, interest or other income received by a Trust from a Cyprus international business company are not subject to tax nor are they subject to to withholding tax.
- No capital gains tax is charged on the disposal of assets of an international Trust.
- Exemption from taxation in the case of an alien who creates an International Trust in Cyprus and retires in Cyprus under certain conditions.
Shipping Companies
Cyprus is considered as one of the most competitive shipping centres in the world in terms of registration fees and taxes.
- No tax is imposed on profits from the operation of Cypriot registered vessels, or on dividends received from a ship-owning company.
- Income arising from ship management activities is subject to tax at 4,25%. Alternatively, a ship-management company may choose to pay at a rate equal to 25% of tonnage tax rates of vessels under management if deemed more beneficial
Documents
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