Areas of Practice

Tax

A CIF with a license from Cyprus Securities and Exchange Commission which is a resident of Cyprus i.e. its management and control is exercised in Cyprus ( like all other companies) is subject to a corporate tax rate of 10% on their income earned both in Cyprus and abroad. This is the lowest tax rate in the EU. A non Cyprus tax resident is taxed only on income earned through a permanent establishment in Cyprus.

It is to be noted that profits gained from the disposal of securities listed on a recognized stock exchange are exempt from tax for all companies. Securities include shares, bonds, debentures, founders' shares and other securities of companies or other legal entities incorporated in Cyprus or outsite as well as options thereon.