INTRODUCTION
Cyprus has a very advantageous environment for inward investment, providing various
incentives to encourage non-residents to set up a business in, or invest through, Cyprus.
In a nutshell, no restrictions on foreign share ownership exist, there are no withholding
taxes on dividends or interest, the sale of shares and other titles is exempt from tax, and the corporate tax rate is one of the lowest in the European Union, while non-Cyprus tax residents (or non-domiciled) enjoy a number of tax exemptions. Furthermore, in October 2021 the Cyprus government presented an action plan for attracting companies to operate from or expand their activities in Cyprus. These, and other characteristics of the Cyprus tax system, shall be further analysed below.
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