# Tax

Tax Planning

Cyprus is a low tax jurisdiction with a wide network of double tax treaties.

Service Overview

Tax in Cyprus

The Republic of Cyprus is considered by international experts in Tax Planning to be a favourable corporate jurisdiction. The State has a reputation of being a ‘clear jurisdiction’ by virtue of the implementation of various anti-money laundering financial and legal schemes and has adopted an approach of attracting international business companies by imposing low taxation.

Cyprus offers one of the most preferential corporate tax regimes in Europe for both holding and trading companies. When the company establishes its management and control in Cyprus, i.e. when it becomes resident in Cyprus, 12,5% corporate tax is imposed on its worldwide income. Sometimes it is advisable for our clients to establish a Cypriot company in another jurisdiction where taxes are only being collected on income generated in this particular jurisdiction. Value Added Tax that is imposed on the provision of services and products constitutes 19% of the selling price and it can be lowered to 0% depending on the nature of the products and services offered by the company. Companies established under Cyprus law also gain either whole or partial exemptions from taxation. The local tax system does not impose any withholding taxes in the following cases: on the interest incurred for the acquisition of fixed assets used in the business, on the profit from the sale of shares, on the dividends received by the company.

In addition, Cyprus has signed international agreements with more than 50 countries in order to avoid dual taxation. These instruments provide that withholding taxes can be deducted from the income of the company by the tax authorities either of Cyprus or of one of the member states. According to the treaties, companies registered in Cyprus should also have the same tax exemptions in the treaty states as they have in Cyprus.

Our lawyers have expertise in advising companies on the specific tax advantages and drawbacks that concern their area of business in particular jurisdictions.

We help businesses to benefit from their particular taxation scheme.

What People Say About Us

Client Testimonials

We have been collaborating with Georgiades & Associates law firm for more than 25 years. The level of professionalism of its people and the quality of its services is just superb. We highly recommend this company to any interested party.

Christos Yiangou Managing Director
of BLC Business Links Consultancy Ltd

Georgiades & Associates work ethic and quality of service give me confidence, they are there by my side in every situation.

Costas Argyrides Managing Director
of LRG Enterprises Ltd - Ygia Natural Health

Georgiades & Associates are immensely helpful and effective, and I highly commend them for their services and dedication to their clients.

Anthony Ashiotis Managing Partner
of Anthony Ashiotis & Co

I highly recommend this law firm. The staff are professional and friendly, and the lawyers are top notch. In representing us, Yiannos and his team have shown enormous courage both inside and outside of the courtroom. They are compassionate, highly professional, organized and extremely attentive. If you are looking for an international full-service law firm for complex litigation, then I would look no further. Y. Georgiades & Associates are the firm for you.

Conor O'Dwyer Founder of beyondcontempt.com

I highly recommend the attorney law firm Y.Georgiades & Associates, and I guarantee you will look no further once you have used it. The office responds in a highly timely matter, in a very knowledgeable, and responsible way. There are no other attorneys that will work as hard for you. Highly recommended. Irene Tryfon

Irene Tryfon 10Hall the ARt House
(Venues for Events)

I was so lucky to meet Mr. Georgiades by coincidence at the right time and place! Since then, all my legal and domestic concerns to establish my new major telecom project in Cyprus were handled with care, professionalism at the highest standards. Beside that, Mr. Yiannos has an extensive experience and very large relationships with all levels in and outside Cyprus.

Marwan Tal Founder, Managing Director
of TALSAT

On a personal level I know Yiannos for more than 50 years and I have been working with him, his legal teams and firm for the last 5 years . Everything I know about Yiannos as an individual — his undeniable integrity, dedication, hard work and smarts— he managed to transfer to his business and legal teams.

Andreas Panayi Co-Founder, Kinisis Ventures Ltd. KV Fund Investment Advisory Committee. Entrepreneur. Investor. TKI Co-Founder

The best attorney in Cyprus! Diligent, precise and professional every single time. Couldn’t have asked for a better lawyer for my business!

Maria Solonos Singer/Songwriter.
Cartoon-Creator/Writer.

I have known Yiannos for more than 10 years exclusively as a good professional and decent person. He and his team have vast experience in solving various legal issues, and what I like is that your problem will be approached not only from a professional side, but also from a human side. For any questions in Cyprus and in the European Union only to Yiannos!

L D Lawyer

I have worked with Georgiades & Associates over many years on behalf of mutual clients requiring legal services in Cyprus. They provide a sound and very reliable service and are my go to lawyers in Cyprus

Nicholas Taylor Solicitor, Owner of Healys LLP

I dealt with a lot of law firms in my business over the years and I have to tell you that Y. Georgiades & Associates has hit all five traits I look for a law firm: compassion for their clients, willingness to listen, knowledge of the law, creativity and efficiency!!

Chris Droussiotis Senior Managing Director & Senior Partner, Kinisis Ventures. Columbia University Adjunct Professor.

Great team !!! Professionals in their field!!! And not only in Cyprus, but anywhere in the world Yiannos and his team can help, support and succeed!!! With Best respect and gratitude

Aleksey Smirnov Entertainer

A professional law firm. Highly recommended to anyone who needs legal service. It is very hard to find a lawyer these days to understand you and be next to you in difficult situations.

Stephanie Mina Entrepreneur

Very satisfied with the consulting and legal advice supplied. They have an excellent understanding and are always kind and helpful.

Minas Kiriakou Entrepreneur

Super professional and went well over and above to ensure everything was flawless and solid. Best part is that they are really great people. Highly recommended.

Maria Howard Entrepreneur

I have been working with the firm for many years and it provides a very personalised and professional service which is very rare these days. You are well looked after there!

Olga Balakleets CEO at Ensemble Productions, Founder/CEO
at Creative Women Platform

I had an amazing experience with this firm, their professionalism and manners are what they make them the best firm i have ever cooperated 🙂

Andrea Christodoulou Entrepreneur

I now Giannos for many years, professionally and socially and I can confirm that he is an amazing person and very professional in his work.

Pavlos Georgiades Founder and President
of the cyprus mountaineering and climbing federation

Professional Law Office from Nicosia which takes care for their clients with respect. Highly recommended !

Rafael Porzycki Director
at Creator Unlimited

Fantastic law firm. Great expertize, professional Team, top notch service

Aleksandra Rudis CEO
at Apella Games

A law firm of the utmost professionalism, courteous, attentive, dedication to clients interests and excellent representation.

Micheal Kourouklaris Entrepreneur

These are my lawyers for more than 20 years. I always give them five stars.

Andreas Aristodemou Entrepreneur

Friendly, approachable, excellent legal advisers, always ready to help.

Clare Andreou Founder of
Dance Works School of Ballet

Professional law firm! Excellent services!!

Mikaella Samara Entrepreneur

Very professional team!!! Always a pleasure to cooperate

Elizabeth Friedrich Director at
E.F. B.SPOKE ENTERTAINMENT LIMITED

Excellent service, always responsive and excellent results.

Costas Siamtanis Director -
BMA Cyprus Holiday Group Ltd

Great legal firm for business purposes

Alexander Papacosta CEO of Moi Ostrov Media Group

Very professional and prompt in their work!

Christina Shailas Founder
of Gear Education

I have been cooperating with this law firm for almost 6 years now. What stands out about them, is their professionalism combined with friendliness. I have found this team of lawyers quite approachable and welcoming, even in difficult incidents, or even in cases that they would have to direct me to someone else. They would always show care and attention and coming back to me. Well recommended.

Angela Panayiotou Innovation, Startup & Entrepreneurship Professional. Former Manager at IDEA Innovation Center, Bank of Cyprus. Board of Directors member at Invest Cyprus

    30 Years of Experience in Various Cases

    We know what it means to defend rights. We work with people, for people and strive to always seek justice.