The main advantages of a Cyprus International Business Company may be summarized as follows:

Tax on company profits
All profits are subject to tax at only 10 per cent and the company is not subject to any exchange control restrictions. This is, however, on the condition that the company has a permanent establishment in Cyprus. In the event where the company demonstrates that is substance there is no P.E. then the profits of this company is outside the scope of any Cyprus Taxation. As a rule of thumb P.E. is the place where the board of directors resolves. In the event that the company has no offices in Cyprus and the directors not residents but also there is no indication that any business or decisions are effected through the Republic, then there is no Permanent Establishment.

Tax on expatriate employees
Expatriate employees working for International Business companies are either tax exempt or taxable in full. The employees’ world-wide income become taxable in Cyprus once he or she has spend more than 183 days in the Island, within a fiscal year.

Identity respectability
The entity will not suffer from identification with an obvious "tax haven" country. In this respect, a Cyprus International Business entity is indistinguishable from any other entity registered in any developed country in the world.