About Cyprus
Cyprus, officially the Republic of Cyprus, is an island country in the Eastern Mediterranean Sea and a member state of the European Union. Owing to its strategic position, over the last decades Cyprus has risen to an attractive business and investment center. The island offers a plethora of advantages to foreign investors as a base for conducting their business activities worldwide. Its competitive advantages derive from its strategic geographical position, favorable business climate, well developed infrastructure and highly qualified labour force.
Among its other assets, has the following advantageous fiscal regime: taxation of company profits accrued or derived from all sources both in Cyprus and abroad is only 12,5% . Cyprus has signed agreements for avoidance of Double Taxation with over 40 countries , among them Russia, Ukraine, China etc.