Cyprus has been an attractive international business hub for few decades now due to tax advantages but now more incentives are available.
There are many reasons foreign corporations or entrepreneurs take the decision to form a holding company in Cyprus. Here we sum up the 8 most important reasons why they decide to form a holding company in Cyprus.
The tax loss occurred after a tax year and which cannot be set off against other income is carried forward subject to conditions and is set off against the profits of the next five years.
For many years now Cyprus is attracting various Intellectual Property Rights companies for all over the world due to the security provided in addition to the important tax exemptions on income tax arising from the use of IP rights.