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A former British colony, Cyprus became an independent republic in 1960, a member of the Commonwealth in 1961 and joined the European Union in 2004.
 
Cyprus is the Mediterranean's third largest island, offering a range of very attractive tax incentives, including:
 
  • introduction of the concept of tax resident and non-resident companies
  • taxation of worldwide income for tax residents and Cyprus-sourced income for non-residents
  • lowest corporate tax rate in the European Union of 10%
  • tax-exempt business profits of non-resident companies
  • tax-exempt gains on the trading and disposal of securities
  • tax-exempt gains on the disposal of subsidiaries
  • tax-exempt dividend income (subject to applicable criteria)
  • exemption of 50% of interest income (subject to applicable criteria)
  • tax-neutral group reorganisations
  • tax-relief for group losses
  • full adoption of the EU Directives
 
Key services include:
 
  • company and trust formation
  • trustee and nominee services
  • company secretarial services
  • company administration services
  • accounting and financial management
 
Andreas Athinodorou
Head of Cyprus office
+357 22 418 800
 
Marina Zevedeou
Head of Client Services
+357 22 418 800
Vivesh Pillay
Head of Banking and Treasury Services
+357 22 418 800
 
George Kallinicou
George Kallinicou
Head of Accounting, Financial Reporting and Tax Compliance
+357 22 418 800 0705
 
 
Equity Trust EQ (Cyprus) Ltd
Elia House, 77 Limassol Avenue
CY-2121 Nicosia
Cyprus		T. +357 22 418 800
F. +357 22 418 801
E. cyprus@equitytrust.com.cy
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