CYPRUS TAX BENEFITS
Main Tax Benefits
- Corporation Tax Rate at 12.5%
- Trading in Securities is Tax-Exempt
- Foreign Dividend Income Exemption
- No Withholding Taxes, in most cases
- Attractive Permanent Establishment (PE) rules
- Beneficial Double Tax Treaty Network
- Tax Losses Carried Forward for Five Years and surrendered as Group Relief
Additional Tax Benefits
- No Capital Gains Tax for properties held abroad.
- Corporation Tax rate of 0% for Shipping companies, 4.25% for Maritime Management Companies
- Re-Organizations (Mergers, Takeovers) within a group can take place without Tax consequence
- Unilateral Tax-Relief for foreign tax suffered by all Cypriot companies
- Interest Deduction for Borrowing
- Registration for EU VAT
- Low Duties - Taxes on the establishment of companies
Extensive Double Tax Treaty Network