A Strategic Location for International Business and Investment
Cyprus is strategically located at the crossroads of Europe, Asia and Africa, making it an ideal gateway for businesses serving regional and international markets.
As a member of the European Union and the Eurozone, Cyprus combines a competitive business environment with political stability, a modern legal system and an attractive quality of life.
English is widely spoken, and the island has developed into an established international business centre supported by experienced professional services.
A Strong Legal and Regulatory Framework
Cyprus has a legal system based on English common law principles, providing businesses and investors with a familiar, transparent and reliable legal environment.
As an EU Member State, Cyprus fully implements European Union directives and regulations, offering businesses the certainty of operating within a recognised European legal framework.
A Competitive Tax Environment
Cyprus continues to offer one of Europe’s most attractive tax systems for international business, while maintaining full compliance with EU, OECD and international transparency standards.
Key features include:
- Competitive corporate tax regime.
- Participation exemption for qualifying dividend income.
- Exemption on qualifying gains from the disposal of securities.
- Extensive network of double taxation agreements.
- No Cyprus withholding tax on dividends paid to non-residents, subject to the applicable legislation.
- Attractive Holding Company regime.
- Notional Interest Deduction (NID), where applicable.
- Non-Domicile regime for qualifying individuals.
- Transparent and internationally recognised tax framework.
Businesses should always consider the applicable legislation, economic substance requirements and international tax developments when establishing operations in Cyprus.
Business Advantages
Cyprus offers numerous advantages for international businesses, including:
- European Union and Eurozone membership.
- Strategic location connecting Europe, the Middle East and Africa.
- Stable political and economic environment.
- Modern banking and financial services sector.
- Highly skilled multilingual workforce.
- Strong professional services industry.
- Excellent telecommunications and digital infrastructure.
- Competitive operating costs.
- Modern office and residential facilities.
An Attractive Place to Live
Cyprus combines a high quality of life with a favourable business environment.
Benefits include:
- Mediterranean climate with more than 300 days of sunshine annually.
- Excellent healthcare system.
- High-quality international schools and universities.
- Safe and family-friendly environment.
- Modern infrastructure.
- Beautiful coastline and outdoor lifestyle.
- Cosmopolitan communities with residents from around the world.
These advantages make Cyprus an attractive destination for entrepreneurs, investors, executives and their families.
Immigration Opportunities
Cyprus offers a range of immigration and relocation options for both EU and non-EU nationals, including residence permits, work permits, permanent residency programmes and attractive tax residency opportunities, subject to the applicable legislation and eligibility criteria.
How UHY Can Help
Whether you are establishing a new business, relocating your family, expanding internationally or investing in Cyprus, our experienced professionals can provide comprehensive support throughout the process.
Our services include:
- Business establishment.
- Company formation and corporate services.
- International tax planning.
- Accounting and audit.
- Immigration and relocation support.
- Tax residency planning.
- Ongoing compliance and advisory services.
For more information on how we may assist you, please contact us at uhy@uhy.com.cy or call +357 22379210.
The contents of this publication are provided for general information purposes only and should not be regarded as legal, tax or professional advice. Specific advice should always be obtained based on your particular circumstances before taking any action.