For example, income tax in Cyprus is only 12,5%, whereas in Germany it is 15% (plus 5,5% if the total tax as solidarity surcharge). By the way, in France this tax is 25%, and in the Netherlands it is 25,8%. Of course, in all countries there are exceptions for companies with income below or above a certain amount, but the difference is all the same.
The social security contribution is another important item in the tax system, and in Cyprus it is 8%. In Germany the situation is a bit different, as they have mandatory pension insurance contributions, and there the amount of such contributions is 18,7%. In France, such tax is more general – it is social security contributions, and it is 33%. As for the Netherlands, social security contributions are around 18%, depending on various factors.
Cyprus: A Great Place for Relax, Business, and Investments
From all the information above you have probably realized that moving your business to Cyprus is a very tempting offer, because it gives you many advantages. And if you have decided to turn to company formation agents for help, Rawgister, directory of corporate service providers will be an excellent assistant so that you do not make a mistake with your choice.
It is very important to add that the geographical location of this island plays a significant role in its success and attractiveness for businessmen. The thing is that it is situated at the crossroads of three continents: Europe, Asia, and Africa.
Another great benefit of Cyprus is that it is a perfect place to move your family there, and this way you will be able to run your business and to live with your dearest and nearest. The climate of Cyprus is considered one of the most comfortable for life, so you definitely will not regret it. It is also important to note that medicine in Cyprus is really good, and if necessary, you will be provided with free medical care. By the way, buying a place to live will also not be a problem, as the real estate market is full of various options.
Image: Freepik.com
So, if you had any doubt, we hope we have helped you to make a choice in favour of a more comfortable life and a successful business!
In collaboration with Samatha Stone
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Publish date : 2024-10-24 00:19:00
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