Cyprus tax resident with only 60 days stay in the island each year, benefits mostly individuals, business professionals and entrepreneurs that travel a lot.
Cyprus tax favors companies in various ways but here is some of the most important advantages offered. Expenses incurred wholly and exclusively in earning taxable income are deducted for corporate tax purposes.
Cyprus tax regime is very attractive for professionals but of course for enterprises operating all around the world. The advantages and deductions offered place Cyprus’s Tax regime as one of the most attractive and most competitive worldwide.
UK nationals can benefit from the Cyprus Government provisions to secure their residence rights and at the same time keep their EU rights. Cyprus already has more than 80.000 Britons residing and this number is expected to grow in the next two years according to experts.