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In a globalized economy where multinational companies are pressed to maintain and increase quality while cutting costs to meet increasingly higher client expectations, Cyprus provides a complete value proposition.

EU & Eurozone Cyprus is the 27th Member since May 2004, Economic and Monetary Union Member since January 2008. Foreign investors have the opportunity to access the EU market and vice versa.

Strategic location Cyprus is Europe's eastern outpost at the crossroads of three continents– Europe, Africa and Asia – providing a gateway to and from each one of them.

Taxation Cyprus offers one of the most attractive tax systems in Europe. The country provides a simplified, effective and transparent tax regime that is fully compliant with the EU laws and regulations. Dividend income, profits from overseas permanent establishments and profits from the sale of securities are exempt from tax. Also, there is no withholding tax on dividend, interest and royalties paid from Cyprus. Most international transactions are exempt from VAT. Cyprus also has a network of double taxation agreements with more than 48 countries. For a complete listing please visit the Ministry of Finance Double Taxation Agreements Section. Additionally, Cyprus has access to EU Directives that focus on reducing or eliminating foreign withholding taxes.

Human Talent 2013 statistics demonstrate that 39,2% of Cypriots in the 25 – 64 age group have acquired tertiary education – higher than the EU28 average of 28,63% and one of the highest percentage in the world.

Value for Money Cyprus is a dynamic business centre that offers relatively lower operating costs while also providing top quality services, including accounting, auditing, tax, business administration, legal, investment and funds management.

Legal Framework Pro-business, based on common law, Accounting and Legal transparency. The legal system is based on the U.K. Common Law principles and aligned with the EU laws and regulations (Acqui Communautaire).

Well-developed Infrastructure Cyprus has a robust telecommunications system, two international airports (Larnaca, Paphos) and two ports (Limassol, Larnaca). Furthermore, the relatively small distances make the island a very friendly and easy to get around business location

Ease of Doing Business Cyprus has developed into an international quality business centre that offers specialized services and rewarding business opportunities catering for the diverse needs of international investors, enhancing the ease of doing business. The World Bank's Doing Business Report 2014 ranked Cyprus 39th out of 189 Economies and 16 out of the EU28 for the ease of doing business

Quality of Life Cyprus offers a wonderful environment with a very comfortable standard of living. Living and working in Cyprus is combined with fabulous weather, beautiful nature, art and culture, safety, security, and above all, hospitable people. Cyprus combines the international competitive business environment with a pleasurable and balanced way of life.

Residency and Citizenship Non EU residents have the opportunity to acquire a permanent residency permit with the purchase of a private home of at least 300,000 EUR and deposits of minimum 30,000 EUR in a local bank for three years. Non EU residents can acquire the Cypriot nationality with: investment of minimum 2M EUR in a state company and 500,000 EUR investment in the Research and Technology fund; direct investments of 5M EUR; bank deposits of 5M EUR in a local bank for five years; payments of income tax or VAT of more than 500,000 EUR.

Our Firm's goal is to assist in such investments and to work with a wide range of corporate and commercial clients all over the world. We have a great experience in this field and we have established a reputation for being well trained professionals who are eager to provide high quality services.

We often undertake amongst others projects the following:

- Company formation in Cyprus and other jurisdictions

- Fiduciary Services

- Commercial contracts

- Capital raising transactions

- Assistance in banking services

- Corporate Maintenance

- Partnership Formation and Dissolution

- Technology transfers and intellectual property rights

- Trust agreements

We believe in providing cost-effective and efficient company incorporation and company administration services and as such our billing is very competitive.

 

For more information please contact us at +357 22 251726, +357 22 011431 or email us with your questions.

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Get in Touch

  • Phone: + 357 22 251726 + 357 22 011431 Fax: + 357 22 770543
  • Email: info@tsinarelis-associates.com
  • Address: 19 Aryrokastrou street, 1100, Ayios Andreas, Nicosia, Cyprus