ARTICLE
28 November 2024

Relocate Smart: Why Choose Cyprus For Your Business

E
Eurofast

Contributor

Eurofast is a regional business advisory organisation employing local advisers in over 21 cities in South East Europe, Middle East & the Baltics. The Organisation is uniquely positioned as one stop shop for investors and companies looking for professional services.
In today's competitive global market, businesses are increasingly seeking destinations that combine strategic location with financial advantages. Cyprus stands out as an ideal hub for international investors...
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In today's competitive global market, businesses are increasingly seeking destinations that combine strategic location with financial advantages. Cyprus stands out as an ideal hub for international investors, offering a transformative opportunity for growth and success.

Why Cyprus is the Perfect Business Destination

1. Gateway to Three Continents

Cyprus's location at the crossroads of Europe, Asia, and Africa positions it as a key gateway for businesses. Whether you are in trade, services, or establishing regional headquarters, the country's strategic proximity to these major markets provides unparalleled access and growth potential.

2. Competitive Corporate Tax Regime

Cyprus boasts one of the lowest corporate tax rates in the EU at 12.5%. But that's just the beginning. Key tax benefits include:

  • Zero withholding tax on dividends, interest, and royalty payments to non-residents.
  • Exemptions on capital gains from the sale of securities and profits from foreign permanent establishments.
  • IP Box Regime, offering reduced tax rates for revenues generated from intellectual property rights.

3. Investor-Friendly Legal Framework

The Cypriot legal system, based on English common law, is internationally recognized for its transparency and investor protections. Whether setting up holding companies, managing intellectual property, or structuring financing arrangements, businesses benefit from a robust and reliable legal framework.

4. Attractive Residency and Tax Benefits for Individuals

Cyprus offers a welcoming tax and residency regime for investors and their families:

  • Non-domicile status: No tax on worldwide dividends, interest, or rental income.
  • Relocation tax incentives: Up to 50% personal income tax exemptions for high-earning expatriates.
  • Streamlined visa programs for entrepreneurs and investors.

5. Access to Global Markets

As an EU member, Cyprus provides businesses with seamless access to the world's largest single market. Its network of over 65 double taxation treaties enhances global business efficiency by minimizing tax burdens on cross-border activities.

6. Quality of Life Meets Business Efficiency

Cyprus isn't just a great place for business—it's a fantastic place to live. With its Mediterranean lifestyle, beautiful beaches, and safe, vibrant communities, the island offers an environment that fosters creativity, well-being, and work-life balance.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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