About us

Corporate tax is charge at a flat rate of 12,5% on the taxable profits of a Cyprus tax resident company. Various tax exemptions apply such as:

• Exemptions in respect of dividends received from other companies
• No tax on capital gains derived from the disposal of securities, provided the disposed company does not hold any immovable property in Cyprus.
• Generally no withholding taxes on payments from Cyprus.
• Tax relief of foreign tax paid
• Introduction of Notional Interest Deduction (“NID”) on ‘New Capital’ contributed and paid to Cypriot companies from 2015 onwards
• Cyprus tax resident companies benefit from Cyprus’ extensive double taxation treaty network with over 43 countries worldwide

• Cyprus is a common law jurisdiction. Cypriot law is reliant on precedent extracted from the English common law for stability and finality. The Republic of Cyprus is a democracy with a presidential system of government. The President is elected for 5 years directly by the people in a secret ballot with universal suffrage.
• Ownership in Cyprus is safeguarded by the provisions of the Constitution that is the ultimate Law of Cyprus, which establishes the equality of all persons and respect for human rights, including the right to ownership, without discriminations. People residing in Cyprus can enjoy all rights relating to ownership of their property without any interference either from the State or individuals.
• All rights associated with immovable property, land surveying, cartography, registration, transfer and mortgage of immovable property, ownership of land, evaluation of immovable property and management of state land are monitored and protected by the Department of Lands and Surveys which is the competent Government Service that provides services related to immovable property in general.