Cyprus: Dynamic island of investment opportunities

At the heart of bustling trade routes linking Europe to the Far East

Why Cyprus?

With a legal framework based on British Common Law and a prime geographic position, Cyprus is proving a safe haven for businesses in a turbulent but dynamic region. Nestled in the heart of the busy trade routes linking Western Europe with the Middle East, Africa and the Far East, this multilingual, bustling business centre has one of the most favourable tax systems in the European Union.

Cyprus is aligned with EU laws and regulations, including EU Directives, which aim to enable cross-border investment and reduce withholding taxes. The country also holds double taxation agreements with many countries. Corporate structures involving Cypriot legal entities are still widely being used and provide clear advantages for both multinationals and private individuals.

Our core areas of expertise

Operating in Cyprus since 2008, our team of professionals include lawyers admitted as members of the Cyprus Bar Association, ACCA-qualified accountants, and members of the local fiduciary, accountancy and tax bodies. TMF Cyprus operates under an ASP license from the Cyprus Securities and Exchange Commission (CySEC). We are also an active member of the Cyprus Fiduciary Association (CFA).

TMF Cyprus serves over 100 multinational companies that are active in real estate, construction, banking, oil and gas, renewable energy, telecommunications and private equity. We make sure to preserve and protect the good legal standing of your Cyprus companies.

Our clients benefit from TMF Group's global network of offices with strong local market knowledge, as well as our global portfolio of services. Whatever your needs, the Cyprus team can provide tailor-made solutions to meet all your business requirements.

Our full range of services includes:

  • Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
  • Consultancy solutions: A flexible service allowing companies to deal with complexities created by expansion into new countries or growth in existing overseas locations.
  • Corporate Secretarial services: We can take care of recurring compliance filings, manage routine corporate changes and retrieve any official corporate documents from official registries.
  • Governance services: We help you stay compliant, manage your risk and regulatory obligations, including your local legal requirements for Common Reporting Standard (CRS), Foreign Account Tax Compliance Act (FATCA), Know Your Customer (KYC), CbCr notification, Master File / Local File and Ultimate Beneficial Owner (UBO) register. 
  • HR and Payroll services: We help you to apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.

In addition to our global portfolio of services* our Cyprus office provides extra support for specific local requirements.

Accounting support

TMF Group Cyprus can handle the set-up or reorganisation of accounting systems, including inflationary accounting systems and techniques

  • Conversion of local GAAP into IFRS;
  • Establishing accounting control procedures;
  • Preparing the accounts and financial statements for audit purposes;
  • Accountant training.

Citizenships by investments

The Cypriot government introduced the citizenship by investment programme as an initiative to attract foreign investment. The programme gives foreigners the opportunity to obtain full Cypriot citizenship through various investment opportunities in the country and, consequently, the right to live, work and study in all 28 European Union countries.

For further information, please refer to the document entitled “Cyprus citizenship – fast track for investors” or contact our local office.

*Availability of our global portfolio is country dependent. Make an enquiry if you'd like to find out more about our specialised, professional expertise

To find out exactly how we can help you, speak to our experts

We deliver tailored solutions to each precise location that allow you to operate smoothly from day one.

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