Cyprus has increased in popularity with international businesses because of:
- A low corporation tax rate
- An extensive tax treaty network
- Accession to the EU
Holding companies set up in Cyprus have a number of taxation benefits. They have become a favoured vehicle by companies in other EU countries since the country became a full member of the EU in May 2004. Such companies are exempt from corporation tax, under particular conditions.
Pearse Trust has included Cyprus in the portfolio of jurisdictions it serves for several years.