CYPRUS – A PROMISING HUB FOR BUSINESS AND TAXATION

CYPRUS, June 15, 2023 — Amid the rapidly evolving business landscape, Cyprus has been gaining recognition as a highly attractive destination for company domiciliation and personal tax re-domiciliation. Advocates Cyprus, a pioneer in providing legal and financial guidance, emphasizes the advantages of choosing Cyprus as your business and tax base.

The benefits of redomiciling your company to Cyprus span far beyond the country’s strategic geographical location. It encompasses a favourable business climate, a transparent legal framework, and a highly attractive tax regime. The corporate tax rate of just 12.5% – among the lowest in the European Union – coupled with an extensive network of Double Tax Treaties, makes Cyprus a compelling proposition for businesses of all scales and sectors.

Additionally, the Cypriot government has been highly proactive in ensuring a business-friendly climate. It has implemented numerous measures to attract Foreign Direct Investment (FDI) – making the process of company redomiciliation both straightforward and efficient. With robust regulations to protect shareholders’ rights, Cyprus offers a safe, stable, and growth-oriented environment for businesses.

On a personal level, Cyprus also presents significant advantages for tax re-domiciliation. It offers a very attractive non-domicile regime, exempting individuals who are tax residents but not domiciled in Cyprus from taxation on their worldwide dividends and passive interest income. This, along with Cyprus’ high living standards and strategic location, makes it an appealing choice for individuals seeking to redomicile their tax ID.

Simon Zenios & Co LLC, advocatescyprus.com, with our deep expertise and understanding of Cyprus’ business environment, stands ready to guide corporations and individuals through the process of redomiciliation. We offer comprehensive solutions and personalized strategies, ensuring our clients reap the full benefits of choosing Cyprus as their base.

For more information about redomiciling your company or personal tax ID to Cyprus, contact Advocates Cyprus at [email protected] or call us at +357 24 023370.

About Advocates Cyprus

Advocates Cyprus is a leading provider of legal and corporate services in Cyprus. Our team of seasoned professionals offers comprehensive guidance across various sectors, incorporating regulatory advice, legal services, and strategic insights. We are committed to delivering exceptional services and assisting our clients in achieving their financial objectives.

This article is intended for informational purposes only. If you require further expert guidance, please do not hesitate to get in touch with us:

Email: [email protected]

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PR Department

Simon Zenios & Co LLC, advocatescyprus.com

[email protected]

Telephone: +357 24 023370

Published on: 19/06/23