Many transactions usually involve some form of tax consideration. As most transactions have a monetary value in mind, it is very important to consider the tax implications that might ensue because of the transaction, otherwise the gain that is intended to be made could be reduced significantly.

There are various taxes in Cyprus and those include personal income tax, corporation tax, special contribution for defense, capital gains tax, value added tax, transfer fees by the Department of Land & Surveys and stamp duty.

Tax considerations are relevant also with regards to the restructuring of loans, withholding taxes and double tax treaties, social insurance and national health insurance system contributions.