WHY CYPRUS?

Established and growing companies favour Cyprus as a destination for your corporate headquarters OR Regional offices

The island offers a robust environment, with a well-educated and internationally oriented workforce, close proximity to businesses, services and transportation, low cost structure and room for expansion

Connectivity, diversity, workforce and more, discover what makes Cyprus a popular choice for relocation of your corporate headquarters, and how Leptos Estates can offer you an excellent opportunity to watch your strategy take shape.

KEY FACTS

• At the crossroad between 3 continents: Africa, Asia and Europe
• Member of the European Union and Eurozone
• International airports connecting Cyprus to other global destinations
• International business centre with close connections to UK, Middle East and Western Europe
• Excellent legal system
• English widely spoken (76% of Cypriots speak English Fluently)
• Educated talent pool with the youngest workforce in the European Union
• Quality education in both public and private schools
• Secure environment: 5th safest country in the world
• High quality of life
• Cyprus accounts to €10 billion in exports per year
• Availability of quality real estate
• Low cost of living, low taxes, and low cost of utilities and services
• Housing costs in Cyprus are 25,5% lower than the EU27 average
• Ranked 5th in the world for its successful handling of the Covid-19 pandemic

Limassol Blu Marine is the ideal development that caters for your headquartering needs

The ONLY development that gives you the option to OPEN your offices and Residences,

seamlessly in one location. Work, stay, enjoy. No need to waste time to in commuting

Centrally located, and designed for residential, business and pleasure purposes, Limassol Blu Marine offers you an excellent opportunity to establish your headquarters in Cyprus,

and watch your strategy take shape.

Companies that have already established their regional/international headquarters in Cyprus

(under the Invest Cyprus programme) include financial industries (investment funds, EMIs, insurance companies), tourism and hospitality (existing and new thematic projects), healthcare (medical and healthcare infrastructure), higher education institutions for collaboration with local universities, technology (tech parks), filming studios, shipping etc.

The most attractive Tax Regime in Europe

with huge benefits for your business

• Double Tax Treaty network covers more than 60 countries
• 5% Corporation Tax, imposed on net profits
• No Tax on Group Restructuring
• Exemption on Tax on dividends received by a Cyprus Holding Company from a foreign subsidiary
• Exemption on Special Defence Contribution Tax on dividends received from abroad (subject to conditions)
• No Withholding Tax, in Cyprus, on dividend distribution and interest payments to non-resident shareholders
• No Tax on Reduction of Capital & Reduction of Share Premium Account
• No VAT for holding activity
• No Tax on Liquidation, Cyprus Company can distribute its assets to its shareholders with no tax implications
• 80% of software development costs (patents, software, other IP assets) in
• Cyprus are tax deductible, which reduces actual tax down from 12.5% to 2.5%
• Tax losses can be carried forward for the next 5 years
• Group Relief is allowed for at least 75% of group holdings
• Unilateral Tax Credit Relief on any tax paid abroad
• Opportunity to obtain Tax Rulings
• Notional Interest Deduction on the newly introduced equity deductible from the taxable income (subject to conditions)

Additional benefits for your personal income, including your employees

• 20% of Personal (salary) income for staff is tax exempt in Cyprus, with a further 50% of their remaining salary income also non-taxable
• Non-residents are taxed only on the income derived in Cyprus
• No withholding tax on interest payments and royalties received from abroad
• Exemption on capital gains tax on the transfer of non-Cyprus assets (i.e. real estate, shares, securities, bonds)
• No inheritance, gift tax, wealth tax, luxury tax

Why Leptos?

A one-stop-shop solution to make your move to Cyprus, painless and seamless

Through our in-house services and specialised associates, Leptos Estates will assist you throughout the procedures for getting all the necessary permits for the establishment and operation of your business, opening of bank accounts, and work permits for you and your employees. Our property portfolio includes commercial and residential spaces in the same location (business and pleasure), commercial spaces in prime locations, and residential accommodation to buy or rent for you and your employees.

For more information, contact:

Yiannis Pierides (Business Development Head)

E-mail: yiannis.pierides@leptosestates.com

Mobile/WhatsApp: +357 99 342 860