Cyprus enjoys an international reputation as a low tax jurisdiction and as a centre of excellence for financial services.

• Sophisticated financial and business infrastructure
• Internationally acclaimed entities offering legal, accounting and banking related services
  • Legal system based in English common law with amendments to incorporate EU directives
• Highly skilled population with specialization in the finance industry
  • Cyprus has one of the highest university graduates per capita ratios in the world

• Member of the EU since 2006 and soon to be member of the Eurozone (Jan 08)
• Cyprus’s membership in the EU boosts investors’ confidence in the reliability and security of the financial environment
• Bridges gap with the west and other strong EU members for more leverage and flexibility in business transactions

• The most attractive tax regime of the EU*
• Aligned with EU Legislation (Acquis Communautaire) and the OECD demands
• Double Tax Treaties (DTT) covering 40 countries including many EU countries, Russia and most members of the CIS
• Investment income from dividends is exempt from tax
• Profits from sale of securities are exempt from tax
• Corporate profits taxed at 10%
• Dividends to non tax residents are exempt from withholding tax
• No time restriction on carrying forward of tax losses
• Group relief provisions
• Reorganization provisions

• Superior track record in the transaction of business with international counterparties in a diverse range of industries:
• Fiduciary
  • A tightly controlled international jurisdiction aligned with EU laws and corporate governance standards
• Finance
  • An award winning, advanced banking system
• Shipping
  • Limassol has evolved into the largest ship management centre in the world

*according to Forbes Magazine