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ARTICLE · 10 MAY 1999

Cyprus As An International Business Centre

Shiaeles Chambers & Co
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Cyprus is ideally suited for international business due to the many benefits it has to offer. Its geographic location and excellent commercial infrastructure coupled with numerous tax incentives are among the factors, that have assisted Cyprus towards becoming an important International Business Centre. Cyprus also benefits from a modern banking system.

To induce foreign investment, the Cyprus government introduced certain tax incentives regarding International Business Companies (IBC's), Shipping Companies, International Trusts and Partnerships.

The fact that Cyprus is a low tax jurisdiction and not a tax haven is significant and ensures that entities incorporated in Cyprus do not attract the suspicions of foreign tax authorities.

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