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Cyprus is an attractive gateway to Europe and the Middle East for Indian companies, says Marios Eliades, a partner at Tassos Papadopoulos & Associates

Over the years, a combination of several favourable factors has made Cyprus one of the most attractive business regimes for foreign investors. The island’s infrastructure, the coherent legal system, the high standard of professional and other support services, the low cost of living, the security of investment, and the tax incentives and concessions create an ideal business environment for international expansion and growth of Indian companies.

This article provides a brief overview of Cyprus domestic companies and tax laws and highlights the benefits available to Indian and other foreign companies that invest in the country.

Legal structures

Cyprus companies are legally secured within the framework of a well-defined regulatory system governing their operation. Ownership and possession, as well as freedom of contract, rights to practice professions and carry on any trade or business, etc., are safeguarded by the constitution and international treaties ratified by Cyprus that form part of its laws.

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Marios Eliades is a Nicosia-based partner at Tassos Papadopoulos & Associates LLC. He can be contacted at meliades@tplaw.com.cy.

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