Cyprus has succeeded in differentiating itself from other financial centers. Cyprus accession to the EU on 1 May 2004 has helped to establish the country as the ideal gateway for EU inbound and outbound investments. The Cyprus attractive corporate tax rate, which remains one of the lowest across EU, and the country?s double tax treaties, (48 to date with more to come), have made the island one the most progressive and efficient business centres in Europe.
However there are a number of issues which you must consider when you are looking to set up your business in Cyprus. This document takes you through some of the common questions we come across and gives you practical information about the issues you need to consider.