NICOSIA, CYPRUS, November 19, 2008
/24-7PressRelease/ -- An independent republic since 1960, Cyprus is governed similarly to other western democracies with the emphasis on human rights, political freedom and private property. Their legal system is familiar as it is based on English Law, added to that, Cyprus is a member of the United Nations, the Commonwealth and the Council of Europe, as well as a member of the European Union.
Language isn't a barrier in Cyprus as although Greek and Turkish are the official languages, English is spoken by the majority of the residents and commonly used in the areas of business and government.
Cyprus has a well established transport system with two 2 international airports and important port connections. It has a good infrastructure already in place and first-rate telecommunications, banking facilities also offer onshore banks, offshore banking units and dedicated financial organizations.
Many companies are attracted to the island as it is well-known for having one of the lowest tax structures throughout all of Europe. A reputable international financial centre, Cyprus has an extensive system of Double Tax Treaties, a first-rate legal and economic infrastructure already in place and these are just a few of the reasons businesses locate their head offices here.
There are known to be over 20,000 international business companies presently resident and operating on the island. Some of these companies are resident with their head office based here, whilst others are non-residents and facilitate local accountants and lawyers as their representatives.
Cyprus currently has the lowest tax structure throughout Europe and this is what makes it so attractive to those seeking the perfect location for their offshore company. It also offers many advantages in comparison to other jurisdictions and is well known as an international financial centre. The government of Cyprus places no difference on the amount of tax paid, regardless of whether it is a local company or an International Business Company. Everyone pays a single corporation tax rate.
Contact CClogic today and start your business
About CClogic
CClogic specializes in Cyprus Company formation and the opening of Cyprus Bank Account for both personal and business purpose. Further more we provide consultancy services in the fields of Online Payments, Payment Gateway and the choice of Payment methods.
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