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NORTH CYPRUS

North Cyprus is an ideal jurisdiction for International Business Companies.  The main advantages that North Cyprus provides for the international business companies are as follows:


•    Tax rate is 1%.
•    There is no tax on dividend income.
•    There is no tax on capital gains.
•    There is no witholding tax on dividends payments.
•    There is no witholding tax on royalities and interest payments.

North Cyprus international business company is an ideal tax saving structure for online gambling, online betting, online travel agents and other service providers.

Documents needed to corporate an International Business Company in North Cyprus is
•    Passport photocopy of the shareholders
•    Utility bill of the shareholder
•    CV of the shareholder
•    Reference letter from the banker and lawyer