Cyprus offers a number of advantages for international companies looking to establish a presence in Europe or expand their operations globally. An International company is a Cypriot company by its jurisdiction of registration that does not plan to work with Cyprus.
Cyprus has a favorable tax regime that makes it an attractive location for businesses. The main features of the Cyprus tax system are:
Overall, the Cyprus tax regime is designed to be business-friendly, with low tax rates, a wide network of double taxation treaties, and incentives for certain types of investments.Get Started
If an international company is conducting business in Cyprus, it may be required to apply for a VAT number in Cyprus. The VAT registration threshold for the companies operating in Cyprus is currently €15,600 of taxable turnover in a calendar year. If the international company's turnover exceeds this threshold, it is required to register for VAT in Cyprus.
If an international company is not operating in Cyprus, meaning it does not have a physical presence or carry out business activities in Cyprus, it is not required to register for VAT there.Get Started