The Advantages of Cyprus The Advantages of Cyprus, as an international and European business centre. Cyprus has been a full member of the E.U. since 1st May 2004. The island is an already established international financial centre. It is the ideal place for incorporating a company within E.U. Cyprus has signed a large number of double – tax treaties with a large number of countries, for the avoidance of double taxation. Due to the extensive double – tax treaty network, Cyprus is an ideal location for investments to and from central and eastern Europe and for investments to and from the European Union. Cyprus is a low-tax country within the E.U. and can offer you the lowest tax regime (10% tax). (It is not a tax haven.) Cyprus maintains an excellent legal and economic infrustructure. Accountants, banks, tax authorities, hotels etc, have the highest professional standards. The above are only a few at the reasons why thousands of business people around the world choose Cyprus as their ‘base’ for their business activities.