Cyprus is one of the most popular locations in Europe for registering companies. Factors such
as favourable tax legislation, straightforward corporate legislation and the country's
stable tax policy have led Cyprus into becoming an attractive country. Thousands of new
companies are set up every year, making Cyprus a significant
international financial centre. Cyprus has a practical and developed legal system that is
similar to that of the UK. Since Cyprus is a European Union member, a company registered in
Cyprus enjoys all the advantages of operating in an EU country.
Due to its favourable tax regime, Cyprus is the gateway to the European common market chosen by many non-EU companies and a portal for investment from the West into Russia, Middle-east, Asia and South America. The procedure for registering a company in Cyprus is fast and simple. Dividends received by Cyprus companies are exempt from all taxes, except for foreign-source dividends that are deductible for tax purposes for the paying company, being an interesting option for holding companies. Cyprus companies are also commonly used for international trading and the provision of investment business services.
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