ARTICLE · 25 JUNE 2015

Company Formations In Cyprus

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Cyprus has traditionally been a significant destination for the setting up of international business companies (IBCs) (that is to say companies with foreign interests).

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Cyprus

Cyprus has traditionally been a significant destination for the setting up of international business companies (IBCs) (that is to say companies with foreign interests). Factors which are taken into account in choosing Cyprus include the following:

Safe jurisdiction of keeping of assets through Cyprus IBCs.
Double Taxation Treaties providing comfort to foreign governments, such as Russia, on issues of exchange of information while at the same time maximising tax efficiency and provide ample opportunities for international tax planning.
Tax incentives created to attract new foreign investment through IBCs. The corporate tax rate is the lowest in the EU.
No exchange control regulations or currency restrictions.

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