Cyprus is a very popular choice for businesses to open Cyprus International Business Companies or IBCs (formerly known as 'Cyprus offshore companies') due to its generous tax incentives and membership of the European Union.
Cyprus joined the EU in May 2004 and this, combined with its strategic location at the crossroads with Europe, the Middle East, Africa and Asia, has made it a perfect location for international business companies.
Its double-tax treaties are particularly beneficial and the further advantages of Cyprus as an offshore jurisdiction include:
To help you find out why Cyprus is the right place to register your company read more about Relocating to Cyprus, Transferring to Cyprus, Cyprus taxation, forex trading companies and insurance companies .