Cyprus is a known European destination for both business and leisure due to its favourable taxation, its legal system and its excellent quality of life. Choose Zortive, the leading property developer for 20+ years of experience to buy your new home in Cyprus.
One of the lowest corporate tax rates in the EU at 12.5%
An extensive double tax treaty network covering over 60 countries
Access to all EU Tax Directives
Dividend income exemption under relaxed conditions
Exemption from capital gains tax
No withholding tax on outgoing dividend, interest, or royalty payments
Tax exemption for gains from trading in securities
Notional interest deduction available for equity investments into Cypriot companies
Foreign exchange gains or losses are tax neutral
No tax on dividends, interest, and rental income for non-domiciled individuals
0% succession or inheritance taxes
No immovable property taxes
A competitive intellectual property regime
Tailor-made provisions for the investment funds industry
Competitive tonnage tax for shipping companies with an approved EU open registry
Tax deductions for investments in start-ups
No exit tax rules
50% exemption on employment income exceeding €100,000 per annum for non-residents taking up employment in Cyprus
No tax on dividends, interest, and rental income for non-domiciled individuals
Full access to European markets
Access to over 40 EU trade agreements
Member of the Eurozone since 2008
Geostrategic position
Proximity and easy access to major markets
Investment-grade sovereign rating
Lower labour costs for technical and professional talents than in other major EU capitals
Among the lowest office rental rates in Europe
Highly affordable critical business support services
Cyprus offers a number of personal tax incentives that aim to attract multinational companies to relocate key personnel to perform their duties from Cyprus. The tax incentives also appeal to high-net-worth individuals who are willing to relocate to Cyprus.