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Posted By: ADAM Global | 27 Jun 2016

CYPRUS – The Ideal International Business Center

Cyprus is situated in the eastern part of the Mediterranean Sea, at the cross-roads of Europe, Africa and Asia. It enjoys a healthy and pleasant climate with dry summers and mild winters. Cyprus governmental structure is modeled on Western Democratic systems. It follows closely the United Kingdom legal system.

Cyprus is a full member of the EEC as from 1 May 2004.

One of the Government’s primary objectives of its policy is to attract foreign investment. To achieve this, it has offered incentives to non-residents encouraging them to establish legal entities for the purpose of managing their overseas affairs or offering services abroad from Cyprus.


  • 12.5% tax rate on taxable profits.
  • No withholding tax on dividends paid to non-resident shareholders.
  • Dividend income is exempt from tax in Cyprus irrespective of its source, provided certain conditions are satisfied. Where the exemption does not apply, 17% defense tax is payable, but credit for foreign tax suffered is given irrespective of the existence of a treaty.
  • No tax on the disposal of shares.
  • Profits of a permanent establishment maintained abroad by a Cyprus company are exempt from tax in Cyprus under certain conditions.
  • Profits on sales of property (other than property in Cyprus) are not subject to Capital Gains Tax.
  • A long list of countries have signed Double Tax Treaties with Cyprus.
  • There are no restrictions on import and export of currency.

We are currently running a promotion offer for the members of Adam Global in relation to the company formation and administration of Cyprus companies for the limited period to 30 June 2016 as follows:-

  1. Company formation – €1,100
  2. Annual representation fees (which includes nominee director, secretary, shareholder and registered office) for the first year €750 and €1,200 thereafter

We shall be pleased to give you more details if you are interested in working with us.


Written By  : Pantelina Nicolaou , ADAM Global’s Cyprus Partner

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