Using Cyprus as a Business Headquartering Base
Updated: Sep 2, 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.
*DISCLAIMER: This article and its publication are intended to provide a brief introduction and act as a general guide. This is provided for information purposes only and cannot be utilized as a substitute for professional advice. This document does not represent a legal opinion and one must not rely on it without receiving independent advice based on the particular facts of its own case. No responsibility is accepted by the author or the publishers for any loss suffered from acting or refraining from acting based on the contents of this publication.
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