Cyprus Taxation - Taxation in Cyprus

Cyprus has a significantly upgraded image as a jurisdiction since its EU Accession on 1 May 2004. The result is a stable EU, “non-offshore” tax-competitive jurisdiction with exciting tax planning potential for EU and non-EU clients alike.

As a member of the European Union, Cyprus is a fully flexed, modern international business and financial centre, with excellent infrastructure, situated at a strategic geographic location and time zone. English is the most widely used business language. The Cyprus Legal System is based upon English Common Law.

Cyprus has succeeded in differentiating itself from other financial centres. It has a favourable tax system with a wide network of very beneficial double tax treaties. As a result, Cyprus today is firmly established as a reputable, dynamic, international business, financial and commercial gateway for investments into or from Europe (East and West incl. Russia) and the Middle East.