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• Attractive Taxation System. Incentives for both companies and employees, Cyprus offers an appealing taxation system for tech companies:

• 12.5% corporate tax

• Effective tax rate as low as 2.5% through the IP Box regime

• The country has an extensive double tax treaty network with more than 65 countries

• Notional interest deduction on capital introduced

• Exemption on capital gains and gains from the sale of securities (including shares, bonds and units in funds)

• Pro-Business Legal Framework: The country has a modern, transparent, and efficient legal framework based on English common law, which is favorable for conducting business operations.

• Growing Tech Ecosystem: Cyprus has a fast-developing tech ecosystem, with a rapidly growing IT community, a wide range of multilingual, high-quality professionals, and the potential to become a leading technology hub in the MENA region. Furthermore, the tech industry is one of the most impactful drivers of Cyprus’ GDP growth.

 

 

 

• Efficient Migration Regime: Cyprus has an efficient and straightforward migration regime, making it easy for companies to relocate employees and for individuals to obtain residency permits.

• Individuals taking up residence and “first employment” in Cyprus with employment income of more than €55,000 are eligible for 50% tax exemption on personal income tax for 17 years

• Individuals taking up residence in Cyprus with employment income of less than €55,000 are eligible for 20% tax exemption (capped at €8.550) from personal income tax for 7 years

• Non-domicile individuals have their dividends and interest incomes totally tax exempt

• Expedited migration policy for high-level employees of foreign companies creating presence in Cyprus (e.g. companies operating in ICT, fintech, biotech, shipping and other high-value sectors of the economy) through the Government’s Business Facilitation Unit

 

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• Specialized, tried and tested non-domicile regime to cover the individual and their family members

• Multiple tax benefits including tax free dividend repatriation and capital redemption, no inheritance tax, no capital gains tax (except on real estate property in Cyprus) and no tax on non-domiciled individuals on passive income (such as interest and dividends wherever they may arise)

• Reliable, trustworthy and sophisticated international trusts framework

• Private Clients benefit from Cyprus’ international trust legislation and non-domiciled regime, which under specific conditions, offers significant tax exemptions on investments like dividends, interest, and royalties.

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• High quality of life in one of the safest countries in the world

• More than 300 days of sun per year

• Excellent international schools across the country from nursery through to university level

• High quality NHS services and private healthcare

• Advanced infrastructure and telecommunication services

• Most blue flag beaches in the EU, scenic mountains and a wealth of culture and tradition