centaurtrust.com

Cyprus is a long established and reputable international financial centre. It has gained this enviable position through its attractive tax system, transparent legal system, world-class professional and banking services and superior global telecommunications capabilities.

Cyprus’s accession to the EU on 1 May 2004 has come to add to the country’s impressive advantages. 

This has created excellent opportunities for tax professionals to establish Cyprus as a major financial centre within the European Union, developing Cyprus from an alleged tax haven country into a Country that has a modern and competitive tax environment. Cyprus is now considered as one of the premier holding company jurisdictions and it is also utilised in other types of tax structures e.g. financing, agency, shipping structures and much more.  

Main Cyprus Tax Features 

• Uniform corporate tax rate of 10%
• No Inheritance Tax
• No Capital Gains Tax (only on immovable property in Cyprus)
• No tax on disposal of securities
• No tax on any profits from a PE situated outside Cyprus
• No taxes to be paid on liquidation
• No taxes on dividends received (subject to conditions)
• No withholding tax on payments to non-residents (dividends, interest, royalties)
• No capital taxes or net worth taxes
• No Control Foreign Companies (CFC) rules
• No thin capitalisation rules
• Unilateral tax relief provisions
• Tax losses carried forward (no time limit)
• Favourable shipping tax provisions
• Tax ruling practice