Cyprus accounting offices and Real Estate Companies
In certain jurisdictions the use of an IBC owning a real estate will minimize or eliminate capital gains taxes, inheritance taxes and income taxes.
For example, if a Cyprus IBC beneficially owned by a UK non-resident, purchased a property in the UK for investment purposes and the property was then later sold on to a third party, the capital gain arising from the transaction would not be subject to UK capital gains tax.
The advantages of a Cyprus non-resident Company are the following:
Capital Gains Tax
Gains from the disposal of immovable property situated outside Cyprus including gains from the disposal of shares in companies which own such immovable property are exempt from capital gains tax in Cyprus.
No withholding tax on dividends distributed to non-resident shareholders of Cyprus Companies.