An offshore company in Cyprus is not subject to any capital gains tax except on gains arising from the disposal or immovable property held in Cyprus. Practically there is no Capital gain Tax on profits you made from business.
That's great information for new aspirants who are going to establish offshore companies in Cyprus. There is no Capital Gain Tax in Cyprus except disposal of immovable properties. By such clever tax facility offered by Cypriot authorities, there would massive wealth creation in Cyprus.