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Cyprus-based Experts
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International Delegates
The Summit
Why businesses and professionals are relocating to Cyprus
Cyprus: The New Global Tech & Innovation Hub Summit
The Summit will bring together entrepreneurs and high-level executives of ICT companies, as well as global decision-makers and experts in business and private client relocation, creating a unique platform to explore the opportunities and strategic advantages for ICT companies establishing operations in Cyprus.
The Conference will host ICT company executives from Europe, MENA and the East Med region, so that they can experience Cyprus’s unique offering first hand.
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Attractive Taxation System. Incentives for both companies and employees, Cyprus offers an appealing taxation system for tech companies:
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12.5% corporate tax
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Effective tax rate as low as 2.5% through the IP Box regime
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The country has an extensive double tax treaty network with more than 65 countries
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Notional interest deduction on capital introduced
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Exemption on capital gains and gains from the sale of securities (including shares, bonds and units in funds)
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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.
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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.
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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.
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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
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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
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Non-domicile individuals have their dividends and interest incomes totally tax exempt
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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
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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)
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Reliable, trustworthy and sophisticated international trusts framework
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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
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More than 300 days of sun per year
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Excellent international schools across the country from nursery through to university level
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High quality NHS services and private healthcare
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Advanced infrastructure and telecommunication services
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Most blue flag beaches in the EU, scenic mountains and a wealth of culture and tradition