Cyprus is known for its favorable tax regime, making it an attractive destination for businesses and individuals alike. The country offers a low corporate tax rate of 12.5%, one of the lowest in the EU, along with various other tax incentives.
For individuals, Cyprus offers a number of tax benefits, including no inheritance tax, no withholding tax on dividends, and a maximum personal income tax rate of 35%. Non-domiciled individuals who become tax residents of Cyprus can benefit from the country's non-domiciled regime, which provides a 50% exemption on employment income and no tax on dividends and interest income.
In addition to its low tax rates, Cyprus has a network of double taxation treaties with over 65 countries, providing further opportunities for businesses and individuals to minimize their tax liabilities.
Navigating the tax landscape in Cyprus can be complex, but with the right guidance, it can be a highly advantageous place to do business or establish residency. Our team of tax experts is here to help you understand your options and make the most of the opportunities available in Cyprus. Contact us today to learn more.
