Cyprus is an island country in the Eastern Mediterranean. It was formerly a British colony, but since 1960 it has been independent.

As a result of its relationship with Great Britain, Cyprus is a common law country with its companies laws patterned after Britain’s. English is widely spoken, particularly in commercial and government sectors.

Cyprus offers many advantages for international businesses. Due to its low tax rate of 10%, no withholding taxes on dividends and a large tax treaty network, the Cyprus I.B.C. can be used as holding company, royalty company, finance company, investment company, trading company, and many other types of companies.

Cyprus has a long history as attractive tax haven. However, Cyprus became very popular after joining the European Union, which opened the way for many businesses to shifts their profits offshore. The tax regime plays an important role in Cyprus’s economy, and government intervention is limited to safeguarding the system.

Inco Trust’s experienced team of lawyers and tax advisors in Cyprus provide our clients a wide range of corporate and tax planning services. Our years of experience in the specific sectors in Cyprus, and incorporation of many types of companies, ensure the required particular expertise.