Cyprus is probably the only country worldwide which is considered a tax incentive country and at the same time offers important international tax planning opportunities and advantages through its wide double tax treaty network. The countries with which Cyprus has signed double tax treaties are shown in the table below. For further clarifications please contact our office This e-mail address is being protected from spambots. You need JavaScript enabled to view it . 

Management and control for treaty purposes

In order that a Cyprus company may be entitled to take advantage of a Double Tax Treaty, it should be considered resident in Cyprus. For the purpose of most treaties a Cypriot company may be deemed resident in Cyprus if the majority of its directors reside in Cyprus, board meetings take place in Cyprus and generally the decision making is in Cyprus.

NOTES

1. As from 1/1/2003 there is no withholding tax on payment of dividends, interest and royalties to non-residents.

2. Includes Armenia, Kyrgyztan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.