Cyprus
Located in the Eastern Mediterranean, the island of Cyprus is conveniently situated at the hub of three continents; Europe, Asia and Africa. The population of the Republic of Cyprus currently stands at approximately 850,000 with the majority residing in the four main towns of Nicosia (the capital), Limassol, Larnaca and Paphos.
As a former British Colony, English is widely spoken throughout the island with 80% of the locals being relatively fluent. The legal system is structured on its English counterpart and is based on common law with many Cypriot Lawyers being UK trained. The Republic of Cyprus is a free market economy providing vast opportunities for international business and efficient tax planning. With first class legal and accounting services, excellent air links with Europe, the Middle East and Asia, Cyprus is a perfect choice for business.
Registration of a company in Cyprus is the ideal mechanism for protection for your business and a perfect instrument for international tax planning. In the last decade the role of Cyprus in international tax planning has increased dramatically. As a full member of the EU Cyprus has quickly gained a reputation as a reliable, legitimate jurisdiction with some of the lowest taxes in Europe in addition to having over 40 double tax treaties to assist in international tax planning.
Please see the pages opposite for a detailed description of the advantages of using Cyprus as a jurisdiction and also the type of services that Eltoma offer.