Cyprus
Cyprus is one of the most popular locations in Europe for tax optimization purposes.
One of the main reasons for that is that their CIT rates are the lowest in EU – 10%. What is also very important that Cyprus is not treated by the polish administration as a country that uses illegal competition tactics. This means that in all interaction with tax revenues you are going to be treated as a valid partner and no problem s will occur based on the location of your company.
Benefits of running a company in Cyprus:
- english is one of the administration languages,
- very low CIT rate that is 10%,
- a company can be incorporated in 5 days,
- no restrictions regarding the bank accounts when it comes to the currency and the place of registration of an account,
- very efficient administration and courts,
- almost no costs of running a company,
- directors of the board are not taxed locally on their earning not regarding about their residency,
- no taxation on intellectual property, interests, and trademarks,
- possibility to become an anonymous partner in the company,