Legal and Finance

The laws applied by the Courts of the Republic of Cyprus are as follows:

The Constitution of the Republic of Cyprus

The laws maintained in force on the basis of Article 188 of the Constitution

The principles of the common law and the principles of impartiality

The laws established by the House of Representatives.

Following the accession of the Republic of Cyprus to the European Union in 2004, the Constitution of the Republic was amended in order to give European law greater power.


European Union accession

Following the accession of the Republic of Cyprus to the European Union in 2004, the Constitution of the Republic was amended in order to give European law greater power.

In addition, Cyprus offers:

Tax exemptions for gains from the disposal of securities

Corporation tax exemptions for profits earned from a permanent establishment abroad (under certain conditions)

Tax exemptions for dividend income received in Cyprus from a foreign corporation (under certain conditions)

No withholding tax on dividends and interest paid to non-residents of Cyprus, or on royalties arising from sources outside of Cyprus

Group relief provisions for companies resident in Cyprus.