Cyprus which is a member of the EU can be a significant gateway for Iranian business and capital. It can be used as a bridge for EU inbound and outbound investments.
Cyprus offers significant
tax advantages for businesses, including:
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12,5% corporation tax, the lowest in EU
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exemption from tax on dividend income, profits from shares and securities
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no tax on profits from Permanent Establishment (PE)
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no withholding tax on the repatriation of income as dividends, interest and royalties
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extensive double tax treaties network
Cyprus and Iran entered into a
Double Tax Treaty (DTT) recently. The DTT is favourable and expected to strengthen and develop economic and business relations between the two countries. It follows the OECD model. In particular, withholding taxes are limited to 5%/10% for dividends (5% if ownership in paying company exceeds 25%), 5% for interest and 6% for royalties.
Recent tax reforms covering non-Cypriot individuals are very attractive for businessmen wishing to set-up business and become tax residents of Cyprus. The term of “
domicility” is introduced and all non-doms (ie foreign individuals working through Cyprus) are fully exempt from taxes on worldwide dividends, interest and other income. Furthermore, non-doms earning more than €100.000 annually enjoy 50% exemption from income tax.
Why Us
Our services include company formation, corporate secretarial, fiduciary, trust, company administration, accounting, payroll and IT support. We also offer visa and residence permit applications, arranging for citizenship. All services which are under our control are performed in-house ensuring confidentiality for our clients.
Our affiliated,
Oneworld ltd in Nicosia and
Oneworld MidEast in Dubai offer similar services.
Contact us at
info@internetincorporate.com for a complimentary consultation and we would be happy to discuss and tailor a solution for you.
More information:
Do you want to establish a company in Cyprus? Our
Cyprus company formation page explains it all.
Interested in opening a bank account in Cyprus? Check our
Eurobank Cyprus bank account opening page.