ELYSIA PARKWhy Invest in Cyprus
ELYSIA PARKAdvantages of investing in Cyprus
Cyprus offers a selection of extremely attractive investment advantages with favourable tax regimes and special residency visa permits available for those who choose to purchase property within the country.
An ideal combination of high quality of life, year-round sunshine, breathtaking landscape, ease of business and investment incentives, makes Cyprus an attractive option in terms of both living and investing here in Cyprus.
Natural Beauty and Climate
Beautiful coastlines, gold sandy beaches and crystal blue waters, blue flag beaches, glorious mountains of wild natural beauty and picturesque villages are all in abundance.
Cyprus enjoys a Mediterranean climate with Sunshine all year round. It allows sports enthusiasts to ski in February and March, swim and kite surf from April until December, cycle and play tennis and golf all year.
Safety & Lifestyle
Cyprus is known for its local hospitality and relaxed lifestyle and also prides itself on being one of the safest places in Europe. These benefits, along with very limited pollution and traffic congestion, make it an idea spot to purchase property.
Financial benefits
Cyprus is the top choice for investment for many business-minded individuals and companies. It offers a very attractive tax regime, one of the lowest corporate income tax rates in Europe. It also boasts double taxation treaties with more than sixty countries. The cost of living is also very reasonable.
- Low corporate income tax rate of 12.5%
- EU & OECD Compliant
- Access to EU directives (e.g. Parent-Subsidiary)
- Extensive double tax treaty network with over 65 countries
- Dividend participation exemption (subject to conditions)
- Exemption from tax on gains from the disposal of securities (e.g. shares, bonds)
- Notional interest deduction on equity applies to all taxpayers and all business activities
- No withholding taxes on interest and dividends
- No taxation of capital gains (except for disposal of real estate in Cyprus or shares of company holding real estate in Cyprus)
- No succession taxes
- No Controlled Foreign Company (CFC) rules
- No wealth or gift tax in Cyprus
- Tax neutrality on foreign exchange differences unless they arise from trading in currencies or currency derivatives
- Foreign tax relief on income subject to both Cypriot and overseas tax
- Exemption on profits of foreign permanent establishments (subject to conditions)
- Company re-organisation rules based on the EU Mergers Directive allow for tax-neutral group restructuring
- Attractive Intellectual Property regime in line with “modified nexus approach” (OECD Action 5)
- No exit tax rules
- Concessions available to expatriates in terms of tax allowances
- 50% exemption on employment income exceeding €100,000 per annum for non-residents taking up employment in Cyprus
- No tax on dividends, interest and rental income of non-domiciled individuals
- No immovable property tax
Easy Access
Cyprus has two international airports, served by over 50 airlines, from scheduled carriers, such as British Airways and Emirates to low cost carriers such as Easyjet and Ryanair. If you fancy taking to the seas you will be happy to know that Cyprus is included in many international cruise liner routes too.
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The perfect balance of home lifestyle with resort luxury. Located in the very the heart of Kato Paphos, from where you can easily reach the main attractions of Paphos.
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