Benefits of registering a company in Cyprus

✅ Low taxes

Corporate tax in Cyprus

Cyprus has one of the lowest corporate tax rates in the European Union with a flat rate of 12.5%.

Special IP BOX tax regime for an intellectual property company

80% of profits subject to the regime are exempt from taxation.

That is, at a corporate tax rate of 12.5%, this could result in an effective tax rate of only 2.5%.

Favorable taxation is not limited to a low corporate tax rate.

✅ Other tax incentives in Cyprus for the company and the beneficiary

Employer and employee wage contributions are among the lowest in the EU. Only 14.9% – from the employer, and 10.95% – from the employee.

• 0% on income from dividends, interest and other passive income, regardless of whether the income is received in Cyprus or worldwide.
• 0% tax on inheritance, wealth, gifts
• 50% income tax rebate for foreigners working in Cyprus with a salary of more than 55,000 euros per year.

✅ Ease of opening and running a business

The corporate law of Cyprus regulates streamlined and fast processes for setting up or relocating a business.

In the process of registering a company, there is no need for your presence on the island; you can register a company in Cyprus remotely.

In addition, most businesses operating in Cyprus use English as their working language. Thus, you will not have language barriers.

✅ Low cost of doing business without sacrificing quality

Compared to other EU countries, Cyprus can be 15-20% cheaper to run a high quality business and quality life.

By registering a company in Cyprus, you can reduce costs without sacrificing quality..

✅ Relocation of employees to Cyprus

Foreigners have the right to establish an international company in Cyprus, which can employ in Cyprus citizens of countries outside the EU. Such a company can obtain a work permit for the relevant employees and a residence permit for them and their family members.