The use of Employment Companies provides an opportunity to use Cyprus as a centre in tax planning for individuals. Expatriates working for foreign companies, performing their duties outside Cyprus, and paid through a Cyprus Employment Company, would benefit from a tax-free status. Due to the existence of double tax treaties, expatriates on short assignments to various countries are treaty-protected if employed through Cyprus - they are entitled to tax exemption in Cyprus. At the same time, because of their short assignment in the other treaty country, they do not become tax resident there either.
For more detailed information about the Uses of Cypriot Companies by Corporations, please either scroll up or down this page (quicker) or click below to go to the relevant section:
Int'l Trading, Commission Agent & Service Companies | Investments | Holding Companies | Group Finance Companies | Royalty, Patent & Trademark Companies | Construction & Engineering | Internet & E-Commerce | Leasing | Printing & Publishing | Real Estate | Headquarter Companies | Administration & Treasury Management | Employment Companies | Executive Recruitment & Employment | Int'l Banking Units | Captive & General Insurance | Financial Services | Shipping & Ship Management
For more detailed information about the Uses of Cypriot Companies, please either use the main menu on the left or click below to go to the relevant section (quicker):
Uses by Corporations | Uses by Individuals | Non - Tax Uses