Cyprus Company Formation, Holding Cyprus, Cyprus Investment Firm, Offshore Company Formation

Cyprus Company Formation: Double-tax treaties with Cyprus

Cyprus company formation and DTAs

The following countries are among those which have double-tax treaties with Cyprus, although not all have been ratified at the time of writing:

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

The Russian treaty signed in December 1998 replaced the USSR (CIS) treaty as regards Russia but not as regards the other member states of the CIS, who remained bound by the old treaty. The differences are relatively minor.

Cyprus Tax Sparing Provisions

A tax-sparing provision has the effect that if tax is ‘spared’ ie exempted in Cyprus, then it is credited against an investor’s tax liability in his home country (the treaty counterpart) as if it had actually been paid in Cyprus. At the time of writing, there are tax-sparing provisions in the treaties with the following countries:

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