Cyprus is a gateway to the European common market chosen by many non-EU businesses and a threshold for investment from the West into Russia, South America, Middle-East, and Asia. Cyprus has the lowest corporate tax rates across the European Union. The offshore companies in Cyprus are also commonly used for international trading and the provision of investment business services. Few of its features include –

• No disclosure requirement of the shareholders of the company
• Cyprus offshore company can be turned into an onshore company without too much of hassle
• Incorporate a Cyprus trading company for the low corporate tax (12.5%) and 0% dividend tax as well as low company management fees
• Those companies looking to expand into a more significant number of nations Cyprus is a very appropriate destination to set up your parent company
• Cyprus has a double-taxation treaty network with more than 53 countries
• Lowest VAT at 19% for the companies set in Cyprus
• Access to EU directives and EU VAT registration
• The well-developed and sophisticated banking system