Why form an offshore company in Cyprus?

Cyprus is one of the very few tax havens in the world that has got double-taxation treaties. In fact it has treaties with more than 50 countries in the world. Although the tax rates are on the higher side when you compare it with other offshore jurisdictions, it is listed in the OECD white list meaning it is very good for investment purposes. Interest received by individuals are tax free as well as the interests received on dividends.

Form an Offshore Company in Cyprus

Benefits of Forming an Offshore Company in Cyprus

  1. 0% tax on interest received by individuals
  2. 0% tax on dividends
  3. 0% tax on profit earned from sale of shares
  4. Income tax rate is slightly higher, around 20 to 30 per cent of the income received
  5. Beneficial for investors coming from Europe, North America and Asia
  6. Corporation tax of 10%
  7. Double taxation treaties with major countries meaning it is one of the safest tax havens