Offshore Financial Centres (OFCs), as low-tax, lightly regulated jurisdictions, specialise in providing the corporate and commercial infrastructure for the formation of offshore companies and for the investment of offshore funds.
Living and working in Cyprus
Life in Cyprus can be both rustic and cosmopolitan. The Mediterranean charms of village life with coffee shops in piazzas are still very evident. New residents to Cyprus only pay 20% income tax within their first three years. Corporation tax is the lowest in the EU at 10%.
Professionals work closely with their clients and are treated as a valued member of the team. Due to the size of the island, commuting distances are negligible which means there is more time to enjoy outside work pursuits.
As a member of the EU, relocation to Cyprus is a regular occurrence. Professionals can expect to be considerably better off in real terms due to the low levels of income tax and cost of living. Relocation expenses, temporary accommodation and transport are also included as standard in most packages.
