ARTICLE · 18 SEPTEMBER 2017

Individuals' Cyprus Tax Residency Advantages

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Over the past years, Cyprus has been developed into one of the most favorable places for international business.

CyprusTax

Kypros Kyprianou

Over the past years, Cyprus has been developed into one of the most favorable places for international business. The Cyprus low tax regime combined with Cyprus excellent geographical position, infrastructure and Cyprus ability to offer sophisticated planning structures, the ability to set up and manage Investment Funds (Cyprus Alternative investment funds - AIFs), the enactment of the Cyprus International Trusts Law which provided for the formation and administration of international trusts, the excellent geographical position, infrastructure and good quality of life, the recent developments like the construction of luxurious Marinas, the decision to build a mammoth casino resort by year 2020 and its excellent infrastructure in banking and telecommunication where some of the key factors for its success. Cyprus is now encouraging High-net worth individuals moving to Cyprus by giving personal taxation incentives and benefits

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