Corporate Tax Residency in Cyprus
evangelouloizou2019-10-02T11:54:54+03:00A Company is considered a Tax Resident of Cyprus if it is Managed and Controlled in Cyprus.
A Company is considered a Tax Resident of Cyprus if it is Managed and Controlled in Cyprus.
A Limited Liability Company is legally separate from the people who own it and it has separate finances and separate liabilities from its owners. It has shares and shareholders and it can keep any profits it makes after paying taxes.
The Corporate Tax Rate is 12,5% on profits, one of the lowest in the European Union, There is no withholding tax on dividends, interest and royalties paid outside Cyprus and many more that make Cyprus's Tax System one of the most attractive in the World
Cyprus offers one of the most attractive tax systems in the World. Cyprus is a member of the European Union since 2004 and therefore, offers full access to the Business friendly European Directives