Quality with worth

Offers one of the most attractive tax systems in Europe which is effective, transparent and fully compliant with the EU laws and regulations

Low corporate income tax rate 12,5%

Gains from the disposal of securities are exempt from taxation

No withholding tax on dividends paid to non-resident in the Republic

Extensive double tax treaties network

Tax losses can be carried forward against taxable income over a period of five years from the end of the tax year in which they were incurred

Dividend received from a company resident in the Republic is not taxable

Dividend received from a company non-resident in the Republic is not taxable (subject to certain conditions)

Excellent group relief and carried forward losses legislation

Non resident companies are taxed only on the income derived in Cyprus

Member of the World Intellectual Property Organization (WIPO)

Excellent network of double taxation treaties with more than 41 countries

Companies registered in Cyprus are governed by the Cyprus Company Law, Chapter 113 which is based on English law.

Low Social Insurance contributions for employers and employees

First €19.500 of the income of resident individuals is taxed at 0%, and the remainder on a scale from 20% to 35%

A Notional Interest Deduction (NID) is allowed on paid, newly introduced capital.

Personal tax exemptions for new residents and non-domiciled individuals

Losses offset against other sources of income, are carried forward for five years and can be set off against profits of another company of the same group (Group of Cyprus tax-resident companies).