Other exemptions applicable to offshore entities and their expatriate employees include:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
- Foreign employees of offshore companies are exempt from payment of social insurance contributions;
- Offshore companies are not liable to the defence contribution on their profits;
- No estate duty is chargeable on the shares of an offshore company on the death of any of its shareholders;
- No capital gains tax is payable by an offshore company except on capital gains on immovable property situated in Cyprus;
- No stamp duty is payable by an offshore company on instruments relating to transactions connected with its normal trading activities.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
