Taxation of ICIS in Cyprus

ICIS enjoy significant tax incentives:

  • An ICIS is treated identically as any other Cypriot entity, hence enjoys 10% flat corporation tax on annual net profits earned worldwide.
  • Exemption from tax on profits from sale of shares and other instruments.
  • Exemption from tax on foreign dividends received.
  • No withholding tax on income repatriation (dividends paid to unitholders).
  • No capital gains tax on disposal of shares/units by the holders.
  • A wide network of Double Tax Treaties in place with more than 40 countries worldwide