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TAX in Cyprus the same as anywhere else ?

Yes it is if you do it right your wont pay tax and you will have great advantages of having an offshore company in Cyprus.
Tax system is Cyprus is better than so many other countries.The minimum corporate tax rate for companies is 10% and minimum earning required for individual to pay Tax as per Cyprus Tax law is 19501 EURO or above.Most attracting system in Cyprus Tax laws is for foreign residents.The foreigners pays tax for their earning from Cyprus only.Overseas incomes are Tax free.