Cyprus has a strong tradition as an international financial centre. Its reputation has grown as a result of its admirable infrastructure facilities and professional services and has been reinforced after becoming an EU member in 2004.  But, primarily, it has centred on the attractive nature of Cyprus tax rates.

The Cyprus taxation system provides investors with various benefits.  First, a low corporation tax at a standard rate of 10%.  Second, an exemption from tax on dividends received from non Cypriot residents.  Additional tax incentives apply, such as exception on profits from dealing in securities.

Investors and professional advisors often use Cyprus as an investment vehicle in order to maximise after tax return on worldwide investments. Such income, deriving from investment activities through Cyprus, shall avail from the provisions of Cyprus tax system and treaty network.

Harris Kyriakides LLC provides comprehensive advice on tax in Cyprus, including aspects of corporate structures that involve Cyprus corporate vehicles, with the aim of designing efficient, cost effective, safe and profit maximising international corporate structures.

Common solutions for corporate structures include:

• Holding Company with foreign permanent establishment(s)
• Holding Company for preserving or dealing with real property in Cyprus or abroad.
• Investment Funds
• International Trusts
• Trading Company or Group
• Finance Company or Group
• Shipping Company or Group