Cyprus is considered to be a low tax country for corporations having the lowest corporate tax (10%) within the EU with full exception from tax of dividends received by Cyprus holding companies, under certain conditions, and full exemption from tax of dividends paid by a Cyprus company to non-resident shareholders.
The legal system of Cyprus is based on the English law, having however gone through a harmonisation process with the adoption of the European Union legislation. It is a democratically organised republic with a presidential system and a parliament and it has developed as a very attractive location for the organisation of international investment, for the location of regional administration offices and headquarters for international and multinational companies at relatively lower cost but with highly educated and knowledgeable personnel.
