News/ Publications
The Cyprus Holding Company
Why Cyprus?
- Favorable Tax Legislation introduce in 2003
Why set up holding companies?
- Hold Investments in Subsidiaries
Primary Income of Holding Companies
- Dividends
- Gains from the disposal of Investments
Criteria for the location of a holding company
- Dividend Income - Withholding tax on foreign jurisdiction
Criteria for the location of a holding company
- Dividend Income – Withholding tax on foreign jurisdiction
- Dividend Income – Local taxes
- Dividend Payable – Withholding tax
- Capital Gains Tax on the sale of shares
Criteria for the location of a holding company
- Other Considerations
- Local tax rates
- Taxation of interest
- VAT issues
- Reorganization rules, group relief and losses to be carried forward
- Liquidation provisions
- Thin Capitalization provisions
- Stamp duty
Dividend Income – Withholding tax on foreign jurisdiction
- The extensive number of Double Tax Treaties that Cyprus has signed
- The EU Parent Subsidiary Directive within member states
- The application of the unilateral tax credit relief