The last two decades have witnessed the gradual transformation of Cyprus into a reputable international business and financial centre.

Given the tax incentives available in Cyprus, it makes sense in any international tax planning to direct profits out of high tax countries to a low tax jurisdiction taking advantages of the low tax rates and double tax treaties, where available.

On 1st May 2004 the Republic of Cyprus became a member of the European Union.

The corporate tax rate for companies in Cyprus is only 10 % on net profits - the lowest in the EU. Partnerships are exempt from taxation.

Compliance with the European Union Code of Conduct for Business Taxation and with the commitment to OECD for the elimination of harmful tax practices.

Unlike many offshore jurisdictions Cyprus is not a 'tax haven' and does not offer 'brass plate' companies.

Simple administrative procedures to set up the company.

Wide network of agreements for avoidance of double taxation.

PRivacy Management Group™

We are a team of multilingual management consultants, chartered accountant and law firm specialising in matters like registration and operation of International Business Companies, Shipping Companies and foreign investments in Cyprus.

Reliability and confidentiality are our principles.

We understand that an international business needs auditors and advisors thoroughly knowledgeable of international strategies to reflect these in their audit approach combined with the need and understanding for absolute, unequivocal confidentiality.