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.

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 and the Middle East.