Cyprus Double Tax Treaties

The existence of an extensive and increasing network of double tax treaties is one of the significant reasons that contributed to the success of Cyprus as an international business center.  The tax treaties are a legal and very useful tax-planning instrument which actually protects legal persons and individuals against the double taxation of income earned in other countries.  Thus, the international businesses operate with stability and minimize uncertainty.

Cyprus has signed double tax treaties with more than 60 countries by now and is in the process of negotiating the agreements with several other countries.  The layout of the Cyprus taxation treaties is in accordance with the requirements and standards of the OECD  (The Organization for the Economic Cooperation and Development) model tax treaty.  That is why the tax legislation system of Cyprus responds to the international standards and makes the country one of the world’s most attractive investment destinations.

A list of the countries which signed a Double Tax Treaty with Cyprus is provided below:

Armenia

Armenia

Austria

Austria

Azerbaijan

Azerbaijan

Bahrain

Bahrain_flag_borders

Barbados

Barbados-flag

Belarus

Belarus

Belgium

Belgium

Bosnia

bosnia-flag

Bulgaria

Bulgaria

Canada

Canada

China

China

Czech Republic

Czech Republic

Denmark

Denmark

Egypt

Egypt

Estonia

estonia-flag

Ethiopia

ethiopian-flag

Finland

finland-flag

France

France

Georgia

georgia-flag

Germany

Germany

Greece

Greece

Guernsey

guernsey-flag

Hungary

Hungary

Iceland

iceland-flag

India

India

Iran

iran flag

Ireland

Ireland

Italy

Italy

Jersey

jersey-flag

Kuwait

Kuwait

Kyrgyzstan

Kyrgyzstan

Latvia

latvia-flag

Lebanon

Lebanon

Lithuania

lithuania-flag

Luxemburg

luxemburg-flag

Malta

Malta

Mauritius

Mauritius

Moldova

Moldavia

Montenegro

Montenegro

Norway

Norway

Poland

Poland

Portugal

portugal-flag

Qatar

Qatar

Romania

Romania

Russia

Russia

San Marino

San Marino

Serbia

Serbia

Seychelles

Seychelles

Singapore

Singapore

Slovakia

Slovakia

Slovenia

Slovenia

South Africa

South Africa

Spain

spain-flag

Sweden

Sweden

Switzerland

switzerland-flag

Syria

Syria

Thailand

Thailand

Tajikistan

Tajikistan

UAE

UAE_Flag

UK

United Kingdom

Ukraine

Ukraine

USA

USA

Uzbekistan

Uzbekistan

The Double Tax Agreements concluded and their respective date of enforcement between Cyprus and other countries can be found on the official website of the Ministry of Finance ( http://mof.gov.cy/en/taxation-investment-policy/double-taxation-agreements/double-taxation-treeties).

ServPRO experts can help you to take advantage of the favorable network of the Cyprus double tax treaties and the EU directives and implement the optimum company structure for your international activities.