This is correct, else only one small correction, the tax on net profits for a Cyprus company is 10% if it is registered as regular trading company. The exception is that if you have all your business activity outside of Cyprus then you have no tax on net profits.
Does this really mean you dont have to pay any company tax / corporate tax ?
Thanks for clarifying. So one can easily set up a office in Cyprus and carry business overseas to save the 10% tax on net profits. Am I correct?Admin said:
Sorry to say but Cyprus don't have that golden time that had once. Now they implement tax in all sector and that above double digitsIf you mean high rather than hight, as other people said, its not high. Sometimes there's no tax to pay at all. That's the best thing about Cyprus
That's very bad news and sad as well. I've been thinking of Cyprus as one of the best but since its population has risen up lately, I think that's the reason why their taxes came up.Sorry to say but Cyprus don't have that golden time that had once. Now they implement tax in all sector and that above double digits