A constructive use of the Cyprus Treaties’ Network has rendered considerable advantages to businesses and individuals who have chosen to establish legal entities in Cyprus.
Tax Treaties legally supersede local tax legislation and for this reason they are a useful tax-planning tool to protect businesses and individuals against double taxation of income earned in other countries.
Cyprus has concluded double tax treaties with the following countries:
- The main purpose of these treaties is the avoidance of double taxation of income earned in any of these countries. Under these agreements, a credit is usually allowed against the tax levied by the country in which the tax payer resides for taxes levied in the other treaty country, and as a result the tax payer pays no more than the higher of the two rates (a number of the treaties also contain very beneficial “tax-sparing credits”).
- Refer to section “Tax Law – Tax Facts” for the treaty withholding tax rates for payments of dividends, interest and royalties.
- The EU Parent Subsidiary and the Interest & Royalties Directives can be used to eliminate withholding taxes on payments of dividends, interest and royalties from or to EU Group Companies and the EU Merger Directive to eliminate the tax effects of EU Group reorganizations
* Azerbaijan, Armenia, Kyrgyzstan, Moldova, Tajikistan, Uzbekistan and Ukraine apply the USSR/Cyprus treaty.
** Slovenia and Serbia/Montenegro have also adopted the double taxation convention concluded by the former Socialist Federal Republic of Yugoslavia.
|Cyprus – Austria||Cyprus – Lebanon|
|Cyprus – Austria Final Protocol||Cyprus – Macedonia|
|Cyprus – Belarus||Cyprus – Malta|
|Cyprus – Belgium||Cyprus – Mauritius|
|Cyprus – Bulgaria||Cyprus – Moldova|
|Cyprus Bulgaria Final Protocol||Cyprus – Montenegro|
|Cyprus – Canada||Cyprus – Poland|
|Cyprus – People’s Republic of China||Cyprus – Romania|
|Cyprus – Croatia||Cyprus – Russian Federation|
|Cyprus – Czechoslovakia||Cyprus – Serbia|
|Cyprus – Denmark||Cyprus – Singapore|
|Cyprus – Egypt||Cyprus – Slovenia|
|Cyprus – France||Cyprus – South Africa|
|Cyprus – France Final Protocol||Cyprus – South Africa Final Protocol|
|Cyprus – Germany||Cyprus – Sweden|
|Cyprus – Germany Final Protocol||Cyprus – Syria|
|Cyprus – Greece||Cyprus – Tajikistan|
|Cyprus – Hungary||Cyprus Thailand|
|Cyprus – Hungary Final Protocol||Cyprus – Thailand Final Protocol|
|Cyprus – India||Cyprus – Turkmenistan|
|Cyprus – Ireland||Cyprus – UK|
|Cyprus – Italy||Cyprus – Ukraine|
|Cyprus – Italy Final Protocol||Cyprus – USA|
|Cyprus – Kurkystan||Cyprus – Uzbekistan|
|Cyprus – Kuwait|
(updated Jan 2006)
If you have difficulty in downloading the Tax Treaties, please contact us. We will send them to you.
Follow the links below to go to the relevant section:
(updated 1st quarter 2006)
Contact one of our officers to initiate the incorporation of a Cyprus registered company and start reaping the full benefits of an onshore, low-tax, EU jurisdiction. Simply fill in the contact box below or contact us by email on firstname.lastname@example.org