Taxation and International Tax Planning

Due to the fact that Cyprus has one of the lowest corporate tax rate in the European Union and in the world, it has become an important jurisdiction for the incorporation of International business entities, establishing it as a significant international financial center.

It is thus evident that great attention must be placed on tax planning in an ever growing and demanding worldwide environment. Taking this into consideration, we keep current on new developments on tax laws and regulations aiming to provide to our clients high quality taxation planning in order to maximize their tax benefits and advantages while at the same time minimizing their tax liabilities and ensuring that they meet all compliance requirements.

Double Tax treaties

Cyprus offers substantial tax incentives for the international investor due to it's favorable tax regime and the numerous double tax treaties that it has signed.
In fact, Cyprus differs from most other offshore jurisdictions as it has a large number of double tax treaties to offer (45 in total).

Generally speaking, the double tax treaty provides reduced or even nil rates of withholding taxes in dividends, interest and royalties paid out of the contracting state. It also allows avoidance of double taxation in the case where a resident in one of the contracting states derives income from other contracting states.

By utilizing Cyprus numerous double tax treaties the tax burden of the investor can be kept to a minimum enhancing at the same time the shareholders value.

A list of the countries that Cyprus has signed double tax treaties with is:

Austria Malta
Belarus Mauritius
Belgium Norway
Bulgaria Poland
Canada Republic of San Marino
Czech Republic Romania
China Russia
Denmark Seychelles
Egypt Singapore
France Slovakia
Germany South Africa
Greece Sweden
Hungary Syria
India Thailand
Ireland United Kingdom
Italy United States
Kuwait Former USSR
Lebanon Yugoslavia

We can advice you based on your requirements and specifics, which is the best jurisdiction for you to establish a company, as well as the details of any double tax treaty that you maybe interested in.

Business Taxation

We offer to our corporate clients:
  • Assistance in preparation of their tax returns
  • Submission of the required tax return to the Inland Revenue
  • Liaising with the Inland Revenue on their behalf
  • On going tax planning
  • Advice on international tax planning
  • Tax advice on strategic decisions such as mergers & acquisitions, group reorganizations and trusts formations

Personal Taxation

We offer to our individual clients:
  • Assistance in preparation of their tax returns
  • Submission of the required tax return to the Inland Revenue
  • Advice and preparation of capital statements
  • Personal tax planning
  • Advice on tax issues affecting expatriates
  • Liaising with the local tax authorities