Cyprus is a competitive jurisdiction for the incorporation of companies and frequently is used with other countries for international tax planning. Benefits of forming a Cyprus company are the following: the lowest rate of corporate taxation in Europe, an extensive Double Tax Treaty network, and favourable tax provisions which elevate Cyprus as a prime holding company jurisdiction. The below table outlines why Cyprus is among the best favourable Taxable countries in the EU. We have collected the 3 major types of taxation from all European countries.
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As we all note that Cyprus has the lowest corporate Tax rate and at the same time with the infrastructure which exist creates an environment where all elements benefit and contribute to entrepreneurs for moving their trading products/goods from any other country in the EU as an entrance point or the other way around as an exit point. At the same time various EU resident people and companies use Cyprus for their EU trading activities.