International tax planning
Cyprus offers many advantages that have made Cyprus companies a key part of the overall group structure of many large multinational groups.
This trend is set to continue as international developments and especially the BEPS initiative create a need for international companies to have appropriate substance in the jurisdictions in which they operate. Overseas companies continue to invest in Cyprus as a European base not least for its corporate tax rate of 12.5% and its extensive treaty network but also because of its attractive IP regime and perhaps most importantly because the costs of maintaining real substance in Cyprus are significantly cheaper than in other European financial business centers. Generous tax advantages are offered for High Net Worth Individuals and high ranking employees to move to Cyprus.
At BDO we can advise on an appropriate tax structure and will assist in order that local taxes payable are minimized.
We can liaise with BDO tax specialists in overseas countries to identify planning opportunities to minimize global tax and to plan for double tax relief.