Benefits of investing in Cyprus
- The Republic of Cyprus is a Full EU member country
- The Republic of Cyprus is politically and economically stable
- Corporation Tax is just 10%
- No inheritance tax
- Overseas dividends and interest exempt
- Profit from the sale of equities is exempt from Capital Gains Tax
- Natural Gas find offshore of Cyprus worth tens of billions – it is a good reason to invest in Cyprus
- Profit from the sale of UK properties, including investment properties exempt
- Retirement income taxed at 5% (not at up to 40% as the UK)
- Double taxation treaties
- Lump sums on retirement exempt
- Profits of sale of private companies exempt
- Capital sums from approved funds, i.e. pensions, exempt
- Cyprus has strict building regulations and standards and secure title deeds
- Legal system based on British Law
- There is also a favourable direct investment regime allowing a company to be wholly owned by a non-Cypriot.
- It is easy to do business in Cyprus as nearly everyone speaks English and most bureaucracy is in both languages, including property sales agreements.
- It is one of the world countries with a constantly improving infrastructure, including highways, marinas and major expansion of the two new main airports, Pafos and Larnaka
- Superior education and healthcare facilities and excellent telecommunicationá there are brand-new schools, colleges and universities in Cyprus.
- It is easy to gain residency, employment or start up a business. The cost of living is affordable and the country is a free market economy.
The above information only applies to South Cyprus, the Greek Cypriot controlled Republic of Cyprus.