Mann Made group is proud to announce the successful launch of a new office in Paphos, Cyprus. Please consider this as yet another example and proof of our sustainable development and growth in the corporate service and financial services industry.
There were several major reasons behind Mann Made Group’s interest and willingness to establish a representative office in Cyprus. The Republic of Cyprus is recognised as an international financial centre and a business hub between Europe, Middle East, Africa and Asia. Its legal framework is widely recognised as modern, hospitable and progressive.
Due to dynamic economic growth and progress during the 1990s Cyprus suddenly became attractive for foreign investors, while the banking sector played a pivotal role and currently still has holdings and assets exceeding the country’s GDP. At the moment, several years past the recession, Cyprus is rapidly building its way back to international markets and has significantly improved the confidence in its economic stability, including banking potential.
The Cyprus Tax System is regarded to be one of the most beneficial in the European Union. The tax regime is fully transparent, simplified and entirely compliant with the EU regulations and laws. Moreover, Cyprus holds agreements with more than 50 countries and can therefore benefit from a large number of double tax treaties. In addition, the country appears to be highly attractive for investors judging by:
- Lowest corporation tax of 10%;
- Amazing advantageous opportunities in the shipping industry;
- Exemption from tax on:
- dividend income
- profits from overseas permanent establishments
- foreign source income
- No exchange controls;
- Favourable tax regime for holding companies;
In the early summer of 2015, in an attempt to exploit major economic upturn benefits, Mann Made Group came to the decision to extend the number of its offices, expand its CIS market share and use the opportunity of prosperous tax advantages in Cyprus.
Mann Made Group always performs thorough and detailed research and analysis prior to every significant business move. Therefore, at this stage we already hold a considerable database of partners and business intermediaries, outstanding legal advisers with corporate, tax and trust expertise, as well as established contacts with all major Cypriot banks.
By now, Mann Made’s office in Paphos is fully operational and, therefore, if you are interested in visiting us please request a meeting or contact us directly using details below.
For more information, please contact: