Cyprus enacted an innovative scheme in order to attract foreign investments to Cyprus through a non-EU country. The scheme is aimed at investors, either individual or group, who wish to found an innovative business in Cyprus. The plan invites third-country nationals with start-up capital of at least €50,000, undergraduate-level education and are fluent either in Greek or English, to set up their headquarters and their tax residence in Cyprus, provided their proposed business

The Cyprus Company can provide a tax-efficient way to initiate international business. A Cyprus Company is taxed as described below and if correctly structured, can be designed to take advantage of the extensive tax treaty network signed by Cyprus. Taxation - All companies that are tax residents in Cyprus are taxed at a rate of 12.5% on their income accrued or derived from all sources in Cyprus and abroad. A non-Cyprus tax resident company is taxed on income accrued or derive