In July 2002 the House of Representatives of Cyprus has enacted the long discussed tax reform. Taxes are reduced substantially, both for corporations and individuals. Major changes in the tax legislation are also effected.
CORPORATIONS
The status of International Business Companies “IBCs” formerly known as offshore companies gradually ceases to exist. As from 1.1.2006 there will be […]
Cyprus is a prime venue for the worldwide operations of multinational corporations, particularly through the use of Cyprus holding companies. The corporate structure involves the ownership of a foreign subsidiary by a resident Cyprus holding company which is in turn owned by a parent corporation.
The Cyprus holding company is considered a major vehicle for international […]
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