According to the uncertainty of the Brexit about the future access of the UK Companies in the European Union zone, it is said from the United States that it will not be an easy path and will lead to difficulties in trading activities.
Cyprus on the other hand has a very competitive taxation system, with the corporate tax rate at 12,5%, and a number of incentives, such as exemption of the dividend income and gain from disposal of securities from taxable profits.
As a result from the historical background between Cyprus and UK since 1960, the advantage of the three languages that are spoken in Cyprus, made many companies move their headquarters in Cyprus (foreign exchange brokers, MiFID investment firms and businesses). Also, the lower costs for living and doing business compared to Europe have made many global firms transfer their corporate bonds in Cyprus.
Finally, many Cyprus Companies are being used in the structures of international corporations for optimizing taxation liabilities.
As a result, Cyprus holds all the necessary ingredients for being the EU base of the UK companies.
Our firm provides all necessary services for avoiding any issues that may arise through Brexit. Ask us at info@stephanou.com.cy and one of our experts will revert back with all responses.
