Advantages of doing business in Cyprus

Cyprus is not only a tourist attraction, but also one of the best options for business development. Favorable legislation, a very acceptable level of taxes and a favorable geographical location make this country an ideal jurisdiction for businessmen from all over the world. This place attracts both small and medium-sized businesses and large corporations that want to expand their presence in the international arena.

Taxes, legislation and ease of doing business

Cyprus offers one of the lowest corporate taxes in Europe at just 12.5%. This makes it an excellent choice for companies looking to minimize their tax burden. In addition, there is no dividend tax for non-residents, which allows you to significantly reduce costs when distributing profits. There is also no capital gains tax on the sale of shares, which is especially important for companies operating in the investment and financial sectors.

Additionally, there is a wide network of double tax treaties with more than 65 countries, which allows optimizing taxation and avoiding unnecessary expenses. This advantage attracts international companies that want to use Cyprus as a base jurisdiction for their business.

The legislative system of Cyprus is based on English common law, which makes it understandable and convenient for foreign investors. It ensures a high level of protection of property rights and stability of doing business. The process of company registration is maximally simplified: it is enough to prepare a minimum package of documents and in a few days your company will be registered. Cypriot state authorities actively support entrepreneurs by providing advice and simplifying bureaucratic procedures.

Besides, in Cyprus there are no strict requirements to the minimum authorized capital, which allows you to start a business even with small investments. The possibility to choose between different legal forms, such as private limited liability companies, branches of foreign companies or international trusts, gives entrepreneurs flexibility in organizing their business.

Geographical location and infrastructure

Cyprus occupies a unique position on the world map, being at the crossroads of Europe, Asia and Africa. This makes the island an important transportation and logistics hub, which is especially important for companies engaged in international trade. Thanks to its developed ports and airports, the delivery of goods and movement of employees is fast and efficient.

Cyprus' modern infrastructure supports all aspects of business activity. High-speed internet and quality telecommunication services ensure smooth operation of companies. The island is home to modern office complexes that meet all international standards. In addition, local banks offer a wide range of services including corporate accounts, international transfers and business lending.

Cyprus also provides access to skilled labor. The high level of education of the local population makes it possible to find specialists in various fields - from finance and law to information technology. International schools and universities operate on the island, making Cyprus attractive to family entrepreneurs.

Privacy and Quality of Life

Cyprus provides a high level of privacy for businesses. Personal data of shareholders and owners of companies remain closed to the public, which is important for many entrepreneurs. At the same time, the island meets European standards of transparency, making it a reliable and stable partner for business.

Life in Cyprus is not only about business, but also about comfort. The mild climate with more than 300 days of sunshine a year, clean sea and natural beauty create ideal conditions for living. The high level of security allows you to live without unnecessary worries, and quality medicine and developed infrastructure make the island attractive for families.

Foreign entrepreneurs can take advantage of programs for obtaining a residence permit or citizenship through investment. This opens up additional opportunities for business development and improving the quality of life.

Why choose Cyprus?

Cyprus is ideal for small and medium-sized businesses as well as large corporations looking to expand into international markets. Some of the main reasons for choosing Cyprus include:

• Reliability and stability of the legislative system.
• Competitive tax environment.
• Geographical location providing access to key global markets.
• Modern infrastructure and access to qualified personnel.
• High quality of life and favorable conditions for families.

Every year the number of foreign companies in Cyprus is growing, which confirms the attractiveness of this jurisdiction. The island offers a unique combination of economic and lifestyle advantages that are hard to find in other countries.

Doing business in Cyprus is an investment in the future of your company. Whether you are starting out in entrepreneurship or looking for new markets to expand into, Cyprus provides all the conditions for successful development. It is a place where your business can not only exist, but thrive, thanks to the support of the state, favorable climate and strategic opportunities.