
CYPRUS
Since major taxation reforms were introduced in 2003 to comply with EU and OECD regulations, Cyprus has emerged as an influential and strategic location for international structuring.
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The key characteristics of the Cyprus tax systems are:
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• Amongst the lowest corporate income tax rate in Europe: 12.5%
• No withholding taxes on payments of dividends, interest and royalties irrespective of recipients
• Tax-exempt dividend income (subject to non-stringent conditions)
• No taxation on profits from the sale of securities (no minimum holding period, percentage etc)
• No taxation on profits of foreign permanent establishments
• No taxation on the liquidation of a Cypriot company
• Wide long established income tax treaty network
• Unilateral tax credit relief irrespective of the existence of a tax treaty
• No substance, debt-to-equity and thin capitalization rules
• Full adoption of EU Directives
The Bulldog Group offers the following services for Cyprus:
•Company formation and management
•Company administration services
•Full tax exemption for capital gains from the disposal of subsidiary shares
•Corporate secretarial services
•Registered office and registered agent services
•Bookkeeping, VAT and accounting