International Tax Planning using Cyprus
Cyprus non-domicile memo
Cyprus Tax News: Important new tax amendments introduced
All financial centers that strive to be successful must have clear, transparent tax laws. Cyprus can be described as having a very simple and stable taxation system. The few changes enacted since 2003 have all been favourable to the taxpayer, namely International Business Companies (IBCs).
As a tax planning jurisdiction, its main competitors include Luxembourg, Netherlands, Malta, Belgium, Ireland, and Hungary.
Main Features of Cyprus Tax System
Thus, Cyprus is ideal and commonly used for: