Setting the bar for security and compliance. Proof of reserves. Trusted by 80M+ usersSetting the bar for security and compliance. Proof of reserves. Trusted by 80M+ usersSetting the bar for security and compliance. Proof of reserves. Trusted by 80M+ users.
Legend has it that the Greek goddess of love–Aphrodite–was born in Cyprus. The country is also known as the playground of the Gods. Aphrodite is said to have emerged from a rock at Latchi (now called Aphrodite’s beach) in Poli Crysochous.
The largest bank in Cyprus is owned by the Cypriot Orthodox Church. The church also plays a significant role in the social and political life of the island’s people.
Hospitable and friendly people that mostly speak English
All beaches are public throughout the country
Lowest crime level in Europe
Easy to transport and close distances between cities
Mild climate throughout the year
Short distance between Cyprus and the Middle East
The business philosophy on the Island and within its government is one of the free enterprise, that is why all of the fiscal laws and regulations laid out by the government show this state of mind and willingness to generate wealth
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The admittance of Cyprus to the European Union in May 2004 has ensured advantages in terms of increased legitimacy and compliancy; Cyprus is now included in the Organisation for Economic Cooperation and Development (OECD) White List.
The incorporation process for a Cyprus company is simple and straightforward. A Cyprus company can be incorporated with only one Director and Shareholder in addition and there are no restrictions on foreigners acting as Director or Shareholder.
Cyprus is a leader amongst international tax planning jurisdictions and registration of a company in Cyprus is the ideal mechanism for protecting a business. In the last decade the role of Cyprus in international tax planning has increased dramatically.
New tax laws came into effect in July 2015 which provide significant benefits to high net worth individuals relocating to Cyprus.
Cypriot non-domiciliaries benefit from a zero rate of tax on the following sources of income:
Interest
Dividends
Individuals earning more than €100,000 per annum in Cyprus, and not previously resident there for work purposes, are entitled to a tax exemption of 50% on their employment income in Cyprus, for a period of 10 years.
The corporate tax rate in Cyprus is 12.5%.
There is no withholding tax on dividends paid from a Cyprus company to its shareholders, as long as the shareholders are not Cyprus tax resident.
Tax relief is available in the form of tax credits for withholding tax on income
Cyprus is an attractive option for individuals seeking to move their country of residence. It offers a warm climate, good infrastructure, and convenient geographic location. It also offers attractive tax advantages for companies and incentives for individuals