CYPRUS – OVERWIEV OF THE JURISDICTION

General infomation about Cyprus the Cyprus company and the Cyprus tax benefits

The country is located in the Eastern part of the Mediterranean Sea and has a population of
approximately 800 000 people. The official languages are Greek and Turkish, however in practice
English is the most common language used in business and daily life. Although the island is relatively
small, it has excellent infrastructure.
Cyprus is a member of European Union and Eurozone. It is an international financial center and low
tax jurisdiction with one of the most attractive legal and tax system in the European Union and
globally.
The legal system is very stable, based on English common law. Low taxation is the key attribute of the
economy, inviting investors from all-over the world. There are no Transfer Pricing, Thin Capitalization
and no CFC rules, which makes the jurisdiction even more attractive in international tax planning.