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ABOUT CYPRUS

A Strategic Location. A Stable Legal System.
A Business Environment That Works.

Cyprus is more than a Mediterranean island. It’s a recognised European business hub, offering access to EU markets, a common law legal system and one of the most competitive tax regimes in the region. Whether you’re establishing a new company, relocating operations or exploring EU-based expansion, Cyprus provides a clear, compliant framework for doing business with confidence.

Strategic Advantages

Cyprus offers more than just geographic convenience. As a full member of the European Union with a stable legal system rooted in English Common Law, it provides a clear, structured environment for doing business. Its location at the crossroads of Europe, Asia and Africa positions it as a natural gateway for trade and investment, while its professional workforce, regulatory alignment and tax incentives make it an increasingly attractive base for both established companies and new ventures.

EU Member State

Access to the European Single Market and regulatory protections under EU law

Strategic Location

Positioned at the crossroads of Europe, the Middle East and North Africa.

Established Legal System

Based on English Common Law, familiar and transparent to international investors.

Skilled Professional Workforce

A strong local talent pool in legal, accounting, financial and IT services.

English-Speaking Business Environment

English is widely spoken and most legal, tax and banking documents are available in English.

Modern Infrastructure

Strong digital connectivity, two international airports and growing tech and fintech sectors.

Cyprus is one of the few EU jurisdictions using English Common Law

Legal & Regulatory Framework

Cyprus operates under a legal framework grounded in English Common Law, making it both familiar and predictable for international investors and professionals. Company law, contract enforcement and dispute resolution follow clear, established legal principles. The country also maintains strong compliance with EU regulations on data protection (GDPR), AML (anti-money laundering) and financial reporting.

In practice, this means:

  • Corporate structures are internationally recognisable
  • Legal documents are typically bilingual
  • Courts and regulators apply laws in line with EU norms
  • Investor protection mechanisms are in place and enforceable

This stability and predictability are key reasons why Cyprus continues to attract businesses and holding companies from across Europe and beyond.

Tax Environment Highlights

Cyprus offers a competitive, transparent tax system, fully harmonised with EU directives and double tax treaties. The country also offers non-domicile status for eligible expats, exempting foreign income (dividends, interest) from certain taxes for up to 17 years.

  • Corporate Tax Rate: 12.5%
  • Dividend Income: Exempt for non-domiciled individuals
  • No Withholding Tax: On dividends, interest or royalties paid to non-residents
  • Capital Gains Tax: Limited to gains from immovable property in Cyprus
  • VAT: Standard rate of 19%, reduced rates of 5% and 9% apply in specific sectors
  • Personal Income Tax: First €19,500 exempt, progressive rates thereafter
  • Tax Treaties: Over 65 active treaties including with UK, Germany, India, Russia and South Africa

Setting Up a Business

Setting up a business in Cyprus is a relatively efficient and cost-effective process. Most private limited companies are fully registered and tax-ready within one to two weeks.

TYPICAL STEPS

1

Initial Consultation

Confirm structure, shareholders and licensing needs

2

Name Reservation

Apply to the Registrar of Companies to reserve the company name

3

Legal Documents Prepared & Signed

Draft and notarise the Memorandum and Articles of Association

4

Company Registered

Submit all forms and receive Certificate of Incorporation

5

Tax & VAT Registration

Register with the Tax Department and obtain a Tax ID (TIC) and VAT number if required

Living and Working in Cyprus

Cyprus offers a balanced lifestyle alongside business efficiency. For individuals relocating to work or manage a business, key features include:

  • Language

    English is widely used in business, education and government.

  • Residency Options

    Fast-track Permanent Residency permits available for non-EU nationals.

  • Healthcare

    Public and private healthcare systems available, EU health card coverage applies.

  • Cost of Living

    Lower than most Western European cities, particularly outside Limassol.

  • Safety

    Low crime rates and stable political environment.

Considering Cyprus for your business or next move?

We provide clear, professional guidance to help you set up with full confidence, whether you are relocating, incorporating or expanding your footprint.

Get in Touch
(+357) 96 559 403