C. N. NICOLAIDES & CO. LLC

Cyprus offers to IBCs a unique set of advantages such as:

Substantial tax incentives.
Freedom in movement of foreign currency.
Double taxation treaties with 45 countries, including the Commonwealth of Independent States, the United States of America, the United Kingdom, Germany, Russia, Norway, Sweden, Greece and Qatar.
Low set up operational costs. It is noted that international surveys indicate that Cyprus has one of the lowest operational costs among the world’s international financial centres.
The legal system, which is based on the same principles as those of the United Kingdom and all statutes regulating business matters and procedures are based on English law. Cypriot laws can also be translated into English.
Modern and efficient accounting and banking services, which are based on British practices.
Skilled and highly qualified professional local staff at all levels is easily recruited.
Availability of offices and housing at reasonable rent.

Excellent telecommunication, transport (road, air, sea) and postal services. Cyprus has one of the best developed telecommunication systems in the world with direct connections with approximately 200 countries. Visitors can also use their own mobile phones as Cyprus has introduced the GSM service, and fax service is nearly worldwide. Ease of access to the internet with impressive speeds from a number of internet providers.
There is no language barrier as most of the Cypriots command the English language.
The existence of excellent medical and health services which are provided by government hospitals and private clinics in all cities at moderate charges.
English and other language schools operate in all cities of Cyprus.
Secrecy and confidentiality. This is secured in the ownership of shares in a company using trustee companies being the registered owners of the shares, whilst the beneficial ownership is evidenced by the creation of a Trust Deed.