Cyprus’s Mediterranean location makes it a meeting point of Europe, the Middle East, and Africa. The island offers access to other European business centres and to world financial markets.
Modelled on English Law
As a former British colony, Cyprus has a legal system based on English law.
Cyprus is a member of the European Union; the country’s business infrastructure meets European standards.
Formerly, Cyprus had an offshore tax programme in place. This drew companies to the Cypriot business environment.
Tax Climate Now
When Cyprus entered the European Union in 2004, the country restructured its tax regime. The country now has the lowest corporate income tax rate (10%) in the European Union.
Currently, Cyprus maintains tax treaties with more than 40 countries. This includes the majority of Western, 'high-tax' countries. Most Central and Eastern-European nations are also in this group.
United Trust deems Cyprus a safe jurisdiction for business.