Cyprus is a full member of the European Union since 1st of May 2004 and a well established international financial centre. Its favourable tax system together with a wide network of double tax treaties and access to EU Directives provides to international investors and global companies the opportunity to structure and implement their activities around the World in a tax efficient manner. At the same time, Cyprus’ tax system is in full compliance with EU requirements and OECD requirements against harmful tax practices.
Cyprus offers to international investors high quality services as a result of its advanced infrastructure and highly skilled human capital. Complimented with a very attractive tax regime for local and foreign investors, such as, zero withholding tax for dividend remittance, exemption from tax of profits from the sale of shares, low taxation of corporate profits and low taxation of gains from Intellectual property, thus making Cyprus one of the best gateways for international group structuring and investments.