Cyprus
The ideal investment access
Cyprus as EU Member since 2004 and Eurozone member since 2008, is an ideal investment access to the European Union, as well as portal for investment outside the EU, as of is deal physical location at the intersection of Europe, Africa and Asia, mainly into the Middle East, India and China.
Key Points of Cyprus
- Efficient business centre
- Easy access to EU
- Concrete business results
- Access to European markets
- Free movement of goods, services and capital
- Trade agreements and double tax treaties with EU
Tax System
Corporate Tax
- 12,5% corporate tax rate
- EU & OECD Compliant / Access to EU directives
- Dividend participation exemption
- No tax on profits from disposal of securities
- No withholding taxes
- No tax on capital gains under conditions
- Notional Interest Deduction (NID) on investment in Cypriot companies
- Attractive IP Regime
Income tax for new residents
- Income more than €100K/year:
/ Exemption from personal income tax of 50% for new residents
/ Applies for the first 10 years of employment in Cyprus
- Income less than €100K/year
/ Exemption from personal income tax of 20%, up to a maximum of €8.550 per annum for 10 years
Investor’s tax benefits:
- Non-domiciled individuals who are tax residents of Cyprus are not taxed on passive income
Low cost of doing business
Labour costs:
- Lower costs for technical and professional talents than in other major EU capitals
- Average hourly rate: €15.8
- UK (€26.7) Germany (€33.0) the Netherlands (€33.3)
- Low non-wage employment costs: 17%, EU (26%)
Office space and business support:
- Among the lowest office rental rates in Europe
- Highly affordable critical business support services
High Quality of Life
- Top 5 safest country in the world
(Value Penguin 2015)
- Top 4 best retirement destination globally
(Knight Frank 2016)
- Most blue flag beaches per capita in the
EU (Eurostat)
- Bathing water quality ranked “excellent”
(EEA Report 2016)
- Cypriot citizens enjoy visa-free/visa-on-arrival access to 158 countries
- Freedom to move reside and work freely within the EU
- Best island economy 2017/2018 lifestyle & human capital
Workforce and talent
- The youngest population & workforce in the EU
- 55% of the workforce has a tertiary degree
- Many Cypriots study abroad, mainly in UK, USA & Europe
- Booming private education sector
- 3 public & 5 private universities
Visa-free access to European talent
- 240 million people of workforce in the EU
- 4.7 million European university graduates per year
Access to Global Talent
English language
- Businesses in Cyprus operate in English – the official language of Cyprus since 1960
- 73% of Cypriots speak English
- A wide range of other functions can all be conducted in English
- Many university programmes in Cyprus are taught in English and are recognised in most countries
