Cyprus for Commercial reasons
- Membership of European Union as from 1 st May 2004
- Anonymity of the beneficial owners of a company
- High standard of banking system
- Freedom from exchange control
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Cyprus for tax reasons
- The lowest tax system in the European Union at 10 % on taxable profits
- One of the most favorable Holding company jurisdiction(even a small holding of 1 % in foreign companies entitles the Cyprus Holding company to enjoy substantial tax benefits)
- Availability of Group losses relief without any time restrictions, under certain conditions
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Commercial & other non-tax reasons
- Membership of European Union as from 1 st May 2004
- Anonymity of the beneficial owners of a company
- High standard of banking system
- Freedom from exchange control
- Strategic geographical location being at the cross-roads of Europe, Asia & Africa
- No formalities are present for obtaining work permits for EU citizens
- Low operating costs
- Availability of English speaking schools
- High quality standards of professional services
- Excellent telecommunication system
- Provision of professional services at competitive & reasonable prices
- High level of standard of living
- Low crime level
- Pleasant climate being an island in the northeastern basin of the Mediterranean Sea
- Excellent health care system
- English language is widely spoken