Advantages of the Cyprus company
- It does not sound offshore
- 100% legal solution
- Company + bank account + EU VAT number in the same country.
- EU member state in compliance with all EU and OECD directives.
- Hard to discriminate against EU members states
- EU VAT number can be easily obtained.
- One of the lowest rates of Corporate Income Tax in the EU.
- Very efficient legal, accounting and banking services.
- Residents who are not domiciled are exempt from paying SDC Tax.
- Double Tax Treaty agreements with more than 60 countries.
- Salaries paid to non-resident individuals are tax-free in Cyprus.
- Bad reputation because of the financial hair-cut of deposits in Bank of Cyprus, and the bankruptcy of LAIKI Bank.
- Low speed of the internet.