Cyprus differs from “tax havens” as it has an extensive network of Double Taxation Treaties with countries all over the World.

•Double taxation is avoided if a resident in one of the treaty states obtains income from the other treaty state. A double tax treaty provides reduced or even nil rates of withholding taxes on dividends, interest and royalties, paid out of the contracting state.

•By taking advantage of Cyprus’s double tax treaties the tax liability can be kept to a minimum.