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Public Listed Companies in Cyprus
Public listed Cypriot companies generally enjoy limited scrutiny and can receive exemptions from reporting requirements under local regulations. Taxand Cyprus takes a look at a couple of the benefits.
The Cyprus Stock Exchange (CSE) currently provides a range of services, including the provision of Investor Services in relation to the Cyprus Depository, the settlement of transactions through specialised systems and the Listing and Trading of Securities. The CSE provides for trading on both the Regulated Market and the Emerging Companies Market (ECM) which was established in 2009.
Apart from the wide range of services provided by the CSE, Cyprus in general is a favorable jurisdiction for company incorporation. The geo-strategic and financial position of the island and its European Union and Eurozone membership along with the fact that its tax regime is one of the most beneficial in the corporate world (corporate tax of 12,5%) render it as one of the top corporate destinations. In addition, Capital Gains Tax is not applicable under Cyprus legislation and no Sales Tax is imposed on securities’ transactions. Also, a wide variety of Double Tax Treaties exist between Cyprus and almost 50 other jurisdictions.
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