uSING cYPRUS aS a bUSINESS hEADQUARTERING bASE
Updated: Aug 20, 2022
Because of the numerous advantages that Cyprus provides, it is an excellent location for international companies. In addition to its strategic geographic location and outstanding commercial infrastructure, Cyprus also benefits from several tax perks, which have all contributed to the country's development as an important international business centre. Cyprus also has a sophisticated banking system, which is an added bonus to its already illustrious business environment.
Tax breaks for International Business Companies (IBCs), shipping companies, international trusts, and partnerships are provided by the Cyprus government in order to entice foreign investment into the country. Despite its low-tax, Cyprus is not considered a tax haven as it enjoys the approval of EU and other jurisdictions through its compliance of international treaties. This is important as it ensures that entities incorporated in Cyprus can enjoy both a low-tax regime and the reputation of having a company in a renowned business centre.
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