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Due to a "tax burden" suffered from high tax countries on offshore companies, company formation in Cyprus has been thriving.
This EU member state boasts of the worlds' lowest corporate tax rate (12,5%) and of a plethora of tax and corporate advantages (i.e. no withholding taxes on dividends and royalties), making Cyprus Company Incorporation one of the most attractive legitimate tax planning options.
Cyprus Limited Companies are finally setting the standard for European Free Enterprise.