Cyprus first started its offshore operation in 1975, with the introduction of tax-efficient legislation for the non-resident investor. Since then, its low taxation rates, coupled with an extensive double taxation treaty network, have attracted nearly 40,000 offshore companies to its shores. Although disclosure of beneficial ownership to the authorities is required, Cyprus' draconian secrecy laws ensure that this information goes no further! The corporate taxation rate of 10 per cent is the lowest in the EU.

• Good for Middle Eastern, Central and Eastern European investors
• Not a "tax-haven" jurisdiction
• Extensive double tax treaties
• Common Law system
• Low tax rate
• Shelf companies available
• Resident office not required
• Choice of corporate vehicles