UK Companies (Tax - Resident in Cyprus)
UK Companies that are Tax- Resident in Cyprus (via their management and control effected by a Cyprus Registered Branch and the employment of the appropriate provisions of the UK - Cyprus Double Tax Treaty and UK & Cyprus Tax Legislations) and taxed on their worldwide income in Cyprus - a UK face with a low Cyprus tax burden (10% corporation tax on worldwide taxable income, which with proper tax structuring could effectively be significantly reduced further).
Clients use these structures to increase the perceived credibility of their tax planning (with lower effective tax burden than that of a UK Company that is resident in the UK) by the use of a UK Company.
Virtually, thousands of such structures were set up in Cyprus in the last 15 years.
Please contact us for more information:
Tax Structures can legally mitigate one’s tax liabilities. More information can be provided on request (contact us).