Cyprus offshore company : Tax Treaties

Cyprus has signed over 40 double-tax treaties. The main effect of these treaties is that a Cyprus-registered offshore entity that has tax exemptions in Cyprus will have the same exemptions in the treaty country(ies), usually the country of residence of the beneficial owners, shareholders, or shareholding company.
The following countries have signed double tax agreements with Cyprus:

• Armenia
• Austria
• Belgium
• Bulgaria
• Canada
• China
• CIS (ex-USSR)
• Czech Republic
• Denmark
• Egypt
• Federal Rep. of Germany
• Finland
• France
• Greece
• Hungary
• India
• Ireland
• Italy
• Japan
• Kuwait
• Malta
• Mauritius
• Norway
• Poland
• Romania
• Russia
• Singapore
• Slovakia
• South Africa
• Sweden
• Syria
• Thailand
• Ukraine
• United Kingdom
• United States
• Serbia and Montenegro

Along side the double tax treaties, Cyprus does hold a few treaties called Sparing treaties where although a person/ company is not taxed in Cyprus he or she will be taxed in his or her country of residence. This type of agreement has been signed with the following countries:

• Canada
• Czech Republic
• Denmark
• Federal Republic of Germany
• Greece
• India
• Ireland
• Italy
• Malta
• Romania
• Slovakia
• Sweden
• Syria
• United Kingdom
  Yugoslavia