What are the tax advantages in Cyprus?
Cyprus has treaties for the avoidance of double taxation with Austria, Bulgaria, Canada, China, Czech Republic, Slovakia, Denmark, France, Germany, Greece, Hungary, Ireland, Italy, Kuwait, Norway, Poland, Romania, Russia, Sweden, U.K, USA and Yugoslavia. The main purpose of these treaties is the avoidance of double taxation of income earned in any of these countries. E.g. UK citizens may take advantage by receiving pensions and investment income in Cyprus free of UK withholding tax.
