Ideal corporate headquarters
Why Cyprus?
Regulatory Framework
Cyprus offers a stable legal framework, based on the UK law system, for companies to operate and thrive. Cyprus offers a balance between compliance and transparency on one hand and the efficiency in operations on the other. Thus, Cyprus has become a prestigious jurisdiction for International Businesses.
Tax Regime
One of the biggest challenges’ companies must face when it comes to transferring their headquarters is the tax treatment. Tax planning is crucial and is an element which should not be chosen lightly. Cyprus offers a favourable 12.5% corporation tax on income generated from tax residents of Cyprus. Companies may also benefit from other schemessuch us the Cyprus IP box, the extensive list of Double Tax Treaties the Notional interest deduction and the payment of Royalties, Dividends and Interest without any withholding taxes. In addition, Individuals which become tax residents of Cyprus would benefit from significant exemptions through the Cyprus Non-Domiciled regime and the 50% tax deductions for employees with salary over €100.000.
Cyprus offers a low-cost structure
There are multiple advantages, from the point of view of costs, to relocating in Cyprus – low cost of living, lower expenses, low taxes, low cost of services.
Professional services are much less expensive than in most other developed EU countries whilst the quality remains at high levels.
In addition, and in accordance with the Eurostat, the labour costs per hour in Cyprus is estimated at €15.97 which is significantly less than the average of €26.76 in the EU.
Costs relating to office rental and office equipment are significantly lower than other reputable jurisdictions.
Corporate taxes at a rate of 12,5% are among the lowest in the EU, while the Cyprus IP regime allows for technology companies to reduce taxes to as low as 2,5%.
Additional benefits include:
- Highly educated labour force
- High-quality of professional services
- Effective transportation infrastructure and a nearby airport
- Availability of land, offices to rent or buy
- Location / Time Zone
Cyprus enjoys a strategic location in the middle of three continents (that is Europe, Africa and Asia). Being a member of the European Union, allows companies to facilitate imports/ exports to/ from the EU. In addition, headquarters remain within Europe but are coming closer to other significant markets of Asia and Africa.
Furthermore, thanks to the convenient time zone (GMT+2), communication and networking around the globe is done without any obstacles.
- Lifestyle
Cyprus has an exceptional climate and a friendly environment which makes it easier for corporations to relocate key and decision-making staff to the Island. Cyprus has beautiful places, beaches and friendly people making it living and working in Cyprus a unique experience.
How can we help
We can assist with:
- Registration or re-domicile your Company in Cyprus
- Assist on obtaining work permits for employees where necessary
- Assist in finding appropriate offices in Cyprus
- Assist on appropriate group structure
- Assist on compliance of your company with Companies Law, tax and other obligations
