Cyprus offers an attractive and transparent tax regime, fully compliant with EU, OECD and international laws and regulations. Its main features are:
Cyprus has a large double tax treaty network and this has a result to avoid the double taxation of income earned in any of the two contracting countries. The low tax that a company of Cyprus has to pay in combination with the existence of the treaties mention above provides the best possibilities and conditions for effective and successful international tax planning. Individual tax resident of Cyprus is the person who resides for 183 days in the year of assessment in the Republic. The residents of Cyprus are taxed on income which is earned both out and in Cyprus. In contrast with this all the non-residents of Cyprus are taxed only on income which is earned in Cyprus. Below you can see the income tax rate for 2008.
|Taxable Income (€)
||Tax Rate (%)
|0 - 19.500
|19.501 - 28.000
|28.001 - 36.300
Dividends are exempted from income tax. Subject to certain conditions, dividends are subject to special contribution for the defence at the rate of 15%, applicable only to residents.
Our tax planning specialists no matter how complex the transaction is can provide you with professional assistance and advice in all matters related to tax planning. Our effort is to ensure that all our clients order and demands are met in an effectively and promptly manner. Our services include:
International Tax Structuring and Consultancy
Cyprus Tax and VAT
Tax advisory on various types of Cyprus companies
For further information please contact us at firstname.lastname@example.org