A well regarded and prestigious international business center
Since the introduction of the “offshore” concept more than two decades ago, Cyprus has firmly established itself as a reputable international financial centre.
The low taxation, freedom of exchange controls, excellent telecommunication facilities, as well as numerous other advantages offered, have brought Cyprus to the forefront of international financial centres.
Under the current tax legislation, Cyprus has the lowest tax regime in Europe and its role as an international financial and business centre is greatly enhanced. There is no longer a differentiation in the tax treatment of local companies and International (offshore) Business Companies as a single corporation tax rate is applicable for all companies.
Cyprus clearly stands as a prestigious tax – incentive EU country and is free from suspicions usually associated with “tax-havens” which have zero tax.
Accession to the European Union
Cyprus became a full member of the European Union on 1st May 2004.
The accession has further enhanced stability and security in Cyprus.
Offshore Cyprus Exploration Area
- Exploration area of about 51,000 km2 (part of Cyprus Exclusive Economic Zone)
- 13 Exploration Blocks
- Delimitation of the EEZ and International Bilateral Agreements with Arab republic of Egypt (2003), Lebanon (2007) and Israel (2010)
- Licensing Rounds
1st Licensing Round
- Closed: 16 August 2007
- October 2008: Exploration License to Noble Energy International Ltd, for Block 12 “Aphrodite”
- September 2011: First Exploratory Well
2nd Licensing Round (in progress)
- Closed: 11 May 2012
- Negotiations for 4 Blocks
Cyprus: Investing in the future
Despite the difficult financial situation emanating from the global economic crisis and the expose of local banks to the Greek market, Cyprus has always enjoyed a healthy and attractive business and investment environment.
The discovery and future exploration of natural gas in combination with a liberalized Foreign Direct Investment policy for both EU and non-EU nationals will soon show the way towards economic growth.
Why Choose Us
Honest, Expert Lawyers
Many years in the legal Industry with solid knowledge of related Cyprus and European Laws.
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We specialize in the Greek and other European markets
We speak the language and we understand the culture. The buzzing city of Athens and major European hubs are on our doorstep.