Cyprus Tax Considerations and Tax Planning

WHY GO OFFSHORE: CYPRUS TAX CONSIDERATIONS
Cyprus Tax planning

In many offshore jurisdictions no tax is payable though a government tax or other duty may be levied.

Exempt, overseas or external companies often pay a limited flat-rate amount of tax in the country of registration (e.g. Isle of Man, Guernsey). This usually has the limitation that no trading can be undertaken in that territory.

In some territories, only trading within the territory is taxed. Overseas income is tax-free. (e.g. Hong Kong)

Some low tax jurisdictions like Cyprus (10% tax rate) have double tax treaties which allow the lower rate of tax to prevail.

Yet other jurisdictions levy tax on the capital value of the company (Liechtenstein).
The best choice can only be made in consultation with Kyriakides, Savvides & Associates, after reviewing your specific requirements and circumstances.