(Newswire.net — August 11, 2022) — Cyprus is situated in eastern Europe at the intersection of Asia, Africa, and Europe- offering a gateway to all three. Its geographical location is of grave importance with regard to global trade. Because of the Government’s endeavors to achieve economic development and growth, Cyprus has managed to emerge as a thriving business center.
Tax System
Cyprus provides the best tax systems in the whole of Europe. The country offers a simple, efficient, clear tax regime that complies with European rules and regulations.
Along with it, the OECD (Organization for Economic Cooperation and Development) has Cyprus on the white list and the other 45 nations that have released and applied the best internationally agreed standards on harsh tax practices.
Incomes from dividends, global transactions, and revenue from permanent investments and securities are not included in tax calculations. Also, there is no tax on interest, dividends, and royalties. Cyprus features a double taxation agreement with over 50 nations and South Africa.
Services and human talent
Cyprus is a business hub that provides low operating costs with top professional services for accounting, funds management, legalities, tax, and auditing.
Different firms offer specialized help to international investors and render consultancy, accountancy, and tax services.
Human talent is one of the best benefits as the people are highly educated, trained, and skilled. They also speak multi-languages and offer a business with a personal touch.
Laws and regulations
Cyprus features a complete, new, forward-looking regulation and legal framework working on the English Common Law principles. The regulatory and law framework of the country is highly business-friendly and effective, which creates space for reliable and clear business practices.
The CIPA performs a major role in the growth and development of the company’s legal structure by offering new and modern legislation in the different business fields for the overall progress of the country.
A higher standard of life
Cyprus offers a better lifestyle in a cleaner and healthier place with a good living standard. Working and living in Cyprus offers people amazing weather, elite nature, art and culture, security, and warm and welcoming people. Everything adds and offers a great experience on the island.
Better infrastructure
The local infrastructure is suitable for business people who want things done smoothly. Because of its amazing port services, quality road network, and connecting international airports, transportation is affordable, efficient, and quick here.
Good Cyprus investment has been made in converting the island into a grand telecommunication giant. Cyprus’s huge telecommunication network makes it the best in the world.
EU Member
Cyprus became a complete member of the EU in the year 2004. The culture, history, democracy, and freedom values naturally helped it to be an EU member.
At the beginning of 2008, it became a part of the European Monetary Union because of its robust economic performance. This opened doors for investors who could easily access the billion-dollar EU market and benefit from lower risks and better price transparency.
All these factors benefit your Cyprus investment and help you get the most out of it.