Cyprus has double-taxation agreements with Austria, Bulgaria, Canada the People's Republic of China, the Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Malta, Norway, Poland, Romania, Russia, (Armenia, Belarus, Kurdistan, Moldova, Tajikistan, Turkmenistan and Ukraine) Slovakia, South Africa, Sweden, Syria, the United Kingdom, the United States, Yugoslavia (Serbia and Montenegro). Cyprus has double-taxation agreements.

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Tax advantages
Cyprus is unique when it comes to the taxation aspects of living on the island. Retirees who become residents in Cyprus are taxed on their pensions from abroad at the rate of 5% for amount: exceeding £2,000 annually. Of course as for all Cypriot tax residents their total annual income up to £9,000 (£10,000 from 2004) is tax exempt. Additionally, Cyprus has Double Taxation treaties with many European and other countries, safe-guarding its residents from paying tax in both countries. This gives the option to the citizens of those countries to take advantage of the very low rate in Cyprus.

Double Taxation Agreement

Cyprus has double-taxation agreements with Austria, Bulgaria, Canada the People's Republic of China, the Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Malta, Norway, Poland, Romania, Russia, (Armenia, Belarus, Kurdistan, Moldova, Tajikistan, Turkmenistan and Ukraine) Slovakia, South Africa, Sweden, Syria, the United Kingdom, the United States, Yugoslavia (Serbia and Montenegro).The main purpose of these treaties is the avoidance of double taxation of income earned in any of the above countries. A credit is usually allowed against the tax levied by the country of the tax payer's residence for taxes levied in the other country

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GENERAL INFORMATION
Not only is it the warmth of the climate that attracts people, but also the warmth of the locals.  The Cypriots are renowned for their friendly welcome and genuine hospitality.  The island is dominated the pine-covered Troodos mountains filled with tiny villages, impressive Byzantine churches and an abundance of historical sites.  In contrast to the unspoilt landscape of the mountains, in the coastal resorts and the nightlife is surprisingly cosmopolitan

All this combined with the high standard of service that Cyprus offers ensures that visitors return to this beautiful island time and time again and many people decide to make Cyprus either their country of residence or buy holiday homes on the island.

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