Cyprus sustains one of the most attractive corporate tax regimes in the European Union with a corporation tax rate at 12.5% and double tax treaties with over 47 countries.

All double tax treaties that Cyprus has entered into after the introduction of the new Article 26 of the OECD Model Tax Treaty concerning the exchange of information between treaties partners have fully complied with the revised Article 26. In all treaty discussions that are currently under way, Cyprus insists on adopting the new Article 26.

Especially noteworthy is the fact that Cyprus offers one of the most attractive Intellectual Property tax regimes in Europe with a generous 80% exemption of the worldwide royalty income.

The OECD includes Cyprus on its “White List” as one of the 45 countries that have implemented internationally agreed standards relating to taxation.

In addition Cyprus is fully complies with the EU Code of Conduct Business Taxation and the EU Tax Directives.

More information can be found in the Business Taxation section.