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Kyriakides, Savvides & Associates
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Cyprus Taxation

The main advantages of Cyprus tax legislation are:

  • Favourable tax rate of 10%
  • No tax on disposal of securities
  • No capital gains tax except from sale of immovable property located in Cyprus
  • Tax legislation approved by the European Union
  • Profits from permanent establishment abroad are fully exempt subject to conditions
  • Dividend income is tax exempt subject to conditions
  • Low profit margin for financing companies is allowed
  • No withholding taxes on royalties payable to non-resident
  • Extensive list of Double Tax Treaties reducing withholding taxes up to 0% on dividends, interest and royalties outside Cyprus
  • No withholding taxes on payments of dividends, interest and royalties outside Cyprus
  • Tax losses are carried forward indefinitely
  • Access to EU parent subsidiary directive
  • Access to EU interest and royalties directive

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    • Audit and Advisory
    • Accounting and Payroll
    • Immigration Services
    • Company Formation Jurisdictions
    • Taxation & Tax Planing
    • Business Consulting
    • Company Formation
    • IT Audit Services
    • CFO-as-a-service

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    Contact Us

    Address: 5 Spatharikou, 4004 Mesa Geitonia, Limassol,Cyprus P.O Box 56245, 3305 Limassol, Cyprus


    Phone: +357 25 343477

    Fax: +357 25 343484

    Email: ksa.pre@ksa.com.cy

    Copyright 2021 Kyriakides, Savvides & Associates Ltd | All Rights Reserved

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    Elias Kyriakides

    B.Sc, MBA, CPA,
    Managing Director
    Head of Taxation

    Elias was educated in Greece and graduated from the Athens Business School. He continued his studies in the U.S.A. where he obtained his MBA degree and CPA qualification.

    He has more than 30 years of experience in audit and taxation with a leading international audit firm.

    Email: elias.kyriakides@ksa.com.cy
    Tel: 00 357 25 343477 – Fax: 00 357 25 343484

    Panayiotis Kyriakides

    B.Sc,
    Head of Taxation

    Panayiotis holds a BA (Hons) in Business Administration from the Athens University of Economics and Business.

    Panayiotis has more than 10 years of experience on tax compliance and tax advisory matters for both local clients as well as international companies.

    Panayiotis also has considerable experience in audit and assurance and corporate consulting.

    Panayiotis is responsible for a significant portfolio of clients operating as private equity funds and in various sectors such as retail, manufacturing, shipping, professional services, Cyprus holding companies, large international groups, multinational cross border engagements and complex consolidations.

    Email: panayiotis.kyriakides@ksa.com.cy

    Tel: 00 357 25 343477 – Fax: 00 357 25 343484

    Marina Savvidou

    B.Sc, ACA,
    Head of Audit and Assurance
    IFRS Technical Expert

    Marina holds a BSc (Hons) in Accounting and Finance from the University of Bath. She is a member of the ICAEW (ACA) and a member of ICPAC.

    Marina was a Manager at a Big 4 audit firm before joining our firm. She has considerable experience in audit and financial advisory for large multinational groups from various jurisdictions operating in a broad range of sectors such as betting and online games, pharmaceutical, real estate, manufacturing, software developers, shipping and crew management, brokerage, retail and other sectors.

    Marina led the audit of groups of companies listed on the Cyprus Stock Exchange and has developed deep knowledge of the IFRSs, CYSEC regulations and internal controls

    Marina was also a member of the Deloitte Academy training team for more than 5 years, where she was responsible for facilitating seminars on audit methodology, group audits and IFRSs.

    Email: marina.savvidou@ksa.com.cy
    Tel: 00 357 25 343477 – Fax: 00 357 25 343484

    Neophytos Savvides

    B.Sc, CPA,
    Managing Director
    Head of People

    Neophytos graduated from the University of New Orleans and he received his CPA qualification from the State of Louisiana. He has more than 30 years of experience in the profession, specializing in audit, accounting and offshore business. He has vast experience in the formation and management of international business and international taxation.

    Email: neophytos.savvides@ksa.com.cy
    Tel: 00 357 25 343477 – Fax: 00 357 25 343484