Flexibility and commitment to the client is the core of our business philosophy. Rah Legal works together with the client so that to fully comprehend his/her needs and business objectives. Our close cooperation with reputable law firms and auditors in Cyprus enable us to offer tailor-made services.
Cyprus is considered one of the most popular jurisdictions worldwide to set up a company due to significant tax advantages. The corporate tax in Cyprus is 12.5%, one of the lowest in Europe. Among other, the limited bureaucratic procedures urge many business people worldwide to set up a company in Cyprus.
Cyprus joined the European Union in 2004 and adopted the Euro in 2008. As an EU member state, Cyprus follows all the EU regulations while maintaining the benefits of an offshore jurisdiction.
Cyprus’ tax system is in full compliance with the Organization for Economic Co-operation and Development (OECD) requirements against harmful tax practices.
In addition, Cyprus maintains double-taxation agreements with more than 50 countries. Cyprus is a prestigious jurisdiction and it is in the white list of OECD.
Cyprus is an ideal location for business and investment. There is zero taxation on dividend income, zero withholding tax for dividends paid to non-residents and zero capital gains taxation.
In Cyprus, immovable property tax has been abolished as of the 1st January 2017. This constitutes a strong incentive to launch a real estate project in Cyprus. The main immovable property taxes are listed below. Local Property Tax It is payable to local authorities, that is to say, to Communities and Municipalities. This tax is Read More
Cyprus and Saudi Arabia signed a double tax treaty for the avoidance of double taxation between the two countries. The treaty was signed on 3rd of January 2018 and it is expected to enter into force on 1st January 2019. The agreement was signed by Ioannis Kasoulides, Minister of Foreign Affairs of the Republic of Read More
ACQUISITION OF IMMOVABLE PROPERTY IN CYPRUS BY NON-EU CITIZENS Cyprus is a leading international business centre combining advanced corporate infrastructures, warm weather and economic stability. As a result of all the above, many foreigners decide tolaunch their real estate projects on the island. A considerable advantage of purchasing immovable property in Cyprus is that Read More