Why Cyprus - Christodoulos G. Vassiliades & Co. LLC

Cyprus benefits greatly from its strategic geographical position in the Eastern Mediterranean as it is at the crossroads of three continental zones acting as a vital gateway to Europe, the Middle East, Africa and Asia. As an EU member and a constantly evolving international financial centre, Cyprus has become a pivotal business hub attracting countless commercial endeavours, supporting essential partnerships and boasts unlimited untapped investment opportunities.

Tax incentives

Over 60 Double Tax Treaties
12,5% Corporate Tax
OECD Compliant
0% Tax on Dividends

Cyprus has one of the most attractive tax regimes. In addition to being fully compliant with EU and International regulations, the tax system in Cyprus attributes its worldwide recognition to its large network of double tax treaties with a total of 65 countries. Furthermore, Cyprus adheres to all OECD standards, which the international community believes promotes the most beneficial practice. Other advantages include the fact that the Cyprus corporation tax is at the favourable flat rate of 12,5%, which is among the lowest in the EU. Also, significant fiscal benefits exist including for IP, dividends and interest, all of which allow foreign investors to gain a competitive advantage on their overseas ventures.

Cyprus Legal system

Aligned with UK Legal Structure & Legislation
Fully compliant with EU Legislation

Cyprus is an independent, democratic state and a member of the British Commonwealth, Council of Europe, IMF, UN, World Bank and WTO and is party to several conventions worldwide.

As a former British Crown Colony until 1960, Cyprus possesses close ties to the United Kingdom and is therefore aligned to the UK legal structure and legislation. This legal system is also in line with EU legislation which consists of EU Directives and Regulations. Legal framework advantages include the facilitation of corporate services such as the registration process, which offers efficient and timely solutions. Moreover, the Generally Accepted Accounting Principles (GAAP) in Cyprus form part of the International Financial Reporting Standards (IFRS) as adopted by the EU, which positively affect the procedure for formation of companies in Cyprus.