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.
Contact us
For enquiries please fill in the form below. Our consultants will contact you with the details.
Griva Digeni 49, Chrystalla Court 1st Floor Office 11, 6036 Larnaca, Cyprus
11B Lyuteranska St., off. 23, 01024
