Some of the advantages enjoyed by the Cyprus companies are:
- The tax rate is 12,5% on the net profits, the lower on the European Union.
- No withholding tax on dividends payable to non residents.
- European VAT number in two working days
- Free movement of profits
- No capital gains tax
- No tax on salaries of employees outside Cyprus
- Double tax treaties with more than 50 countries, for example Spain, UK or India.
- Anonymity of the beneficial owners through the use of nominees services
- Dividend income is fully exempt from income tax
- Profits on disposal of shares and other securities are not taxable
- Cyprus Companies accept invoices from offshore jurisdictions such as Seychelles, Panama, Belize, BVI or Costa Rica.
- Bank Accounts in Cyprus are accepted by popular on-line payment companies such as Paypal.
- Gains from trading and disposal of securities are tax free