Do i need to pay 10% TAX if I form a Cyprus Company?
faq – Cyprus Company Registration If a company is Cyprus tax resident, then it is taxed on its worldwide income at the rate of 10%. If a company is not a Cyprus Tax resident, then tax is zero. For more information about the formation and fees, please visit Cyprus Company Registration • Taxation of a physical person within a Cyprus Company faq – Cyprus Company Registration About the taxation of a physical person – If the physical person is tax resident in Cyprus, then, as a general rule, he is taxed in Cyprus on his worldwide income. If he is non tax resident, then he is taxed in Cyprus only for the income which results from sources within Cyprus. Double tax treaty is useful where somebody is taxed in a country other than the country that he is tax resident and he makes use of the provisions of a double tax treaty so that he is not taxed in his country of tax residence on the same income or if taxed, taxed at a reduced rate or get credit for the tax that he has already paid in that othe
