Beneficial programs for tax optimization, such as a low corporate tax of 12.5%, as well as no tax on dividends and income from the sale of shares.
2. Innovation incentives: There are programs aimed at supporting innovation by providing IT companies and enterprises engaged in innovative developments with the opportunity to pay tax on as little as 20% of the profits from inventions.
3. Compliance with EU and OECD standards: Cyprus, a member of the European Union since 2004, emphasizes its legality and compliance with Organization for Economic Co-operation and Development (OECD) standards, making it attractive for international business transactions.