Cyprus is one of the major offshore and onshore business centers on earth, with great business infrastructure and a lot of offshore Cyprus companies. Cyprus is an amazing place that is linked to almost every other place by air from both Lamaca International Airport or the Paphos International Airport. The excellent communication network is available to any and every Cyprus Company. The enviable telecom systems allow direct dialing from any phone to over many countries globally. This is augmented by a great postal and courier services provision to all destination in the world. The business prospects of any Cyprus company is boosted by the regular passenger services with nearby countries in the summer with the excellent network of roads providing internal transport within the island.

The first benefit of the Cyprus company registration is that there is only ten percent (four point two five for companies that were registered prior to the year 2002) declaration of the corporate profit tax. The special provisions in the Cyprus Income Tax Laws stipulate that the net chargeable profits of taxation for Cyprus companies must be at the rate of only ten percent. In the subject of double taxation, Cyprus has made extensive double treaty agreements with over thirty four countries that include the United Kingdom, USA and the previous Yugoslavia among many others. To add to the earlier mentioned benefits of low taxation, and no double taxation, no Cyprus Company is charged any licence fee on registration or after that; registration is at all times concluded in only five days

The other advantage of registering a Cyprus company is that all dividends to shareholders are excluded from tax unlike many countries. In addition to this, directors are also exempted from the 15 % defense contribution so long as the direct holding minimal is 1% of the share capital of the overseas companies. The new tax laws also provide that half of the interest obtained by all Cyprus company registration be tax exempted aside from the interest receivable from the recipient's ordinary business or that which is linked to the recipient's ordinary business.

The other two advantages of the Cyprus company registration is that the offshore companies in Cyprus import several production needs duty free and the director of the said company may opt to be anonymous through the use of the available nominee services. The anonymity is sometimes very beneficial in such case where ones assets are being tracked for liquidation or other legal tussle in the foreign places.

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