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OmegaServe > Our Services > Company Formation > CYPRUS CORPORATIONS > Tax Advantages

Tax Advantages

Cyprus has a favourable tax regime. The corporation tax is only 10% on business profits which can be further reduced through the use of double tax treaties. The main advantages of Cyprus tax legislation are:

  • Favourable tax rate of 10%
  • No tax on disposal of securities
  • No capital gains tax except from sale of immovable property located in Cyprus
  • Tax legislation approved by the European Union
  • Profits from permanent establishment abroad are fully exempt subject to conditions
  • Dividend income is tax exempt subject to conditions
  • Low profit margin for financing companies is allowed
  • No withholding taxes on royalties payable to non-resident
  • Extensive list of Double Tax Treaties reducing withholding taxes up to 0% on dividends, interest and royalties outside Cyprus
  • No withholding taxes on payments of dividends, interest and royalties outside Cyprus
  • Tax losses are carried forward indefinitely
  • Access to EU parent subsidiary directive
  • Access to EU interest and royalties directive

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