The major advantages of Cypriot mergers

The major advantages of Cypriot mergers and acquisitions are normally accessed from a taxation angle and include the following:
  • Mergers and acquisitionsare excluded from the value added tax (VAT) in Cyprus;
  • Profits generated by the dividends are exempt from the corporate tax;
  • No capital gains tax in Cyprus on profits derived from the transfer of immovable properties during the merger or acquisition;
  • No transfer fee payable on the transfer of immovable properties.

It is noted that the content of this article and the information therein are intended to provide a general guideline to the matters discussed above to be used for information purposes only. Under no circumstances the above information may constitute a substitution for professional advice. We suggest that additional advice should be sought considering once individual characteristics and facts of the case in hand which may vary from situation to situation and the legal characteristics of each particular case.  We accept no authors’ and/or publishers’ responsibility for any loss occasioned by acting or refraining from acting on the basis of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances

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