Due to the “special” relationship of the country's economy with the offshore finance sector, a compromise was worked out during negotiations with the E.U., in order to allow Cyprus to maintain a low tax rate (Cyprus taxation). That is why Cyprus has the lowest rate that is not offshore. The standard corporate tax rate of 10% (0% for shipping companies, and 4.25% for maritime management companies) is the lowest in the European Union, and the lowest non-offshore corporate tax rate in the world. This, combined with a pragmatic, cooperative approach of authorities, and stability of the political situation means that Cyprus attracts various International Customers, particularly from the E.U., former USSR , and Middle East (Cyprus Taxation). The procedure for registering and setting up a company is short and simple, taking approximately one month. Don't hesitate to take advantage of stable, beneficial conditions, just as thousands have done so over the years in Cyprus (Cyprus taxation)!

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