A Company is considered a Tax Resident of Cyprus if it is Managed and Controlled in Cyprus.
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Intellectual Property Tax (IP Box) in Cyprus drops the effective tax rate to as low as 2,5%. Probably the lowest effective tax rate for IP in the European Union. This is why a lot of multinationals are moving the management of their IPs in Cyprus
In its efforts of further improve the position of Cyprus as a major Global
Cyprus is the Ideal location to start your business mainly due to its Strategic location, its robust Legal and Regulatory Framework, its attractive Tax System and its strong business support services.
A foreign company may establish a presence in Cyprus either through a subsidiary or a branch. We undertake Cyprus Company Formation and thew opening of a Bank Account.