- A good geographic position at the crossroad to Middle East, Eastern Europe and North Africa.
- A time zone enabling to work in the morning with China and the Far East and in the afternoon with the West.
- Full membership of the EU and EURO Zone.
- Compliance with OECD and FATF standards.
- No exchange controls.
- Educated, well trained and multi-lingual population.
- Crime free society
2) What are the requirements for company formation of a private company Limited by shares in Cyprus?
The name of the company must first be approved by the Registrar of Companies, followed by an application to the Registrar of companies. The company will be incorporated within 5 working days from the submission date.
3) What is the general taxation rate for incorporated companies?
Cyprus has the lowest corporation tax rate in the EU (10% on normal trading profit, with many opportunities to reduce or eliminate).
No withholding taxes on dividends, interest or royalties
No income tax from the sale of securities
No Inheritance taxes
No capital gains taxes (except only on immovable property in Cyprus).
Tax free branches of foreign companies
4) Does the jurisdiction have a DTAA with China or HK?
Cyprus has a DTAA with China and with many other important countries.
