THE LEGAL & TAX FRAMEWORK FOR THE OPERATION OF EUROPEAN & INTERNATIONAL BUSINESS AFFAIRS THROUGH A CYPRUS COMPANY
Cyprus, as a full member of the European Union, has had its Tax Legislation reformed with the aim to conform to the standards and code of conduct of the E.U.
The main provisions of the
***The term management & control is not defined in legislation. It is generally understood to mean the place where the directors are residents or the place where the management & control is exercised.
Company which is resident :
1. More than 50% of the paying company’s activities result in investment income,
2. The foreign tax is significantly lower than the tax rate in
Company which is not resident :
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