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Originally Posted by romeoboi
Ive seen one of the major programs keeps their 2257 in cyprus, and I assume part of their business is based there too.
however, I dont know if Cyprus is officially part of the EU
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Cyprus is most often used because of the low corp tax. 10% or so. And since it's within the EU most EU corps can transfer the years earnings to their respective countries without further taxation. That is not always the case with Gibraltar corps because most EU tax laws don't accept a nil-tax system.