Cyprus strategic location (situated in the Eastern Mediterranean, where Europe, Asia and Africa meet), its favourable tax system (one of the lowest tax rates and most simplified tax systems in the European Union with a wide network of 42 double tax treaties ensuring that the same income is never taxed twice), its well developed infrastructure and the plentiful supply of highly qualified and skilled human capital (one of the highest percentages of university graduates in the world), its effective public administration system and defined legal framework, which have contributed in developing high standard professional services in all areas of business activity the accounting, the banking, the legal, the tourism sectors, have made Cyprus a reputable international business centre.

 

In addition, Cyprus excellent climate with sunshine almost all-year round and beautiful sandy beaches, of the cleanest in Europe, Cypriots high standard of living, no records of homelessness and low crime rate, make Cyprus an ideal location to visit and live.

Furthermore, Cyprus offers many tax incentives, including, as previously mentioned, a low corporation tax rate of 10%, no withholding tax on dividend payments to non-resident shareholders, no withholding tax on royalty payments to non- resident recipients when the right or asset giving rise to the royalty is used outside Cyprus, no withholding tax on payments of interest to non-resident recipients, no corporation tax on profits of the Cypriot companys permanent establishment abroad, no capital gains tax on the profits from the sale of the Cypriot companys foreign immovable property, no capital gains tax on profits from the disposal of securities, and more.