Advantages of an Offshore company The main advantages of a Cyprus offshore company may be summarized as follows: Tax on company profits All profits are subject to tax at only 10% and the company is not subject to any exchange control restrictions. This is however, on the conditions that: (a) The company does not trade in Cyprus; and Other Benefits The entity and/or its expatriate employees are allowed to import into Cyprus, or buy in Cyprus cars, office equipment and domestic appliances free of duty and value added tax. Entity respectability The entity will not suffer from identification with an obvious "tax haven" country. In this respect, a Cyprus offshore entity is indistinguishable from any other entity registered in any developed country in the world.
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