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Cookie Policy

  • (1) Introduction

Our website uses cookies.

We will ask you to consent to our use of cookies in accordance with the terms of this policy when you first visit our website. / By using our website and agreeing to this policy, you consent to our use of cookies in accordance with the terms of this policy.

  • (2) About cookies

A cookie is a file containing an identifier (a string of letters and numbers) that is sent by a web server to a web browser and is stored by the browser. The identifier is then sent back to the server each time the browser requests a page from the server.

Cookies can be used by web servers to identity and track users as they navigate different pages on a website and identify users returning to a website.

Cookies may be either "persistent" cookies or "session" cookies.

A persistent cookie consists of a text file sent by a web server to a web browser, which will be stored by the browser and will remain valid until its set expiry date (unless deleted by the user before the expiry date).

A session cookie, on the other hand, will expire at the end of the user session, when the web browser is closed.

  • (3) Our cookies

We may use both session cookies and persistent cookies on this website.

We may send to you the following cookies:

    • (a) Strictly Necessary Cookies - These cookies are essential to enable you to move you around the websites and use its features, such as accessing secure areas of the websites. Without asking for these cookies services you some pages on our site cannot be provided.
    • (b) Performance Cookies - These cookies collect information about how you use our websites, for instance, which pages you go to most often and if you get any error messages from those pages.
    • (c) Functionality Cookies - These cookies allow us to remember the choices you make (such as your user name) and provide enhanced, more personal features. These cookies can also be used to remember changes you have made to text size, fonts and other parts of our web pages that you can customise. They may also be used to provide services you have requested such as watching a video or commenting on a blog.
    • (d) Advertising or Tracking Cookies : We advertise our own products and services on our websites and you may see adverts for us elsewhere on the internet. The cookies we use to present you with adverts and information may be based on the content you visit the most on our websites, so we can let you know about what we think you will be interested in. The cookies show us where you saw the advert; help us measure the effectiveness of our advertising campaigns; and limit the number of times you see an advert. We also use cookies to tailor the content of our members' newsletter and the emails we send you so that the content is more relevant to you. We also include links to social networks like Facebook who may subsequently use information about your visit to target advertising to you on their websites.

  • (4) Third party and analytics cookies

When you use our website, you may also be sent third party cookies.

Our service providers may send you cookies. They may use the information they obtain from your use of their cookies:

    • (a) to track your browser across multiple websites;
    • (b) to build a profile of your web surfing; and
    • (c) to target advertisements which may be of particular interest to you.

In addition, we use Google Analytics to analyse the use of this website. Google Analytics generates statistical and other information about website use by means of cookies, which are stored on users' computers. The information generated relating to our website is used to create reports about the use of the website. Google will store this information. Google's privacy policy is available at:

  • (5) Cookies and personal information

Cookies do not contain any information that personally identifies you, but personal information that we store about you may be linked, by us, to the information stored in and obtained from cookies.

  • (6) Blocking cookies

Most browsers allow you to refuse to accept cookies. For example:

    • (a) in Internet Explorer (version 9) you can block cookies using the cookie handling override settings available by clicking "Tools", "Internet Options", "Privacy" and then "Advanced";
    • (b) in Firefox (version 16) you can block all cookies by clicking "Tools", "Options", "Privacy", selecting "Use custom settings for history" from the drop-down menu, and unticking "Accept cookies from sites"; and
    • (c) in Chrome (version 23), you can block all cookies by accessing the "Customise and control" menu, and clicking "Settings", "Show advanced settings" and "Content settings", and then selecting "Block sites from setting any data" under the "Cookies" heading.

Blocking all cookies will, however, have a negative impact upon the usability of many websites.

If you block cookies, you will not be able to use all the features on this website.

  • (7) Deleting cookies

You can also delete cookies already stored on your computer. For example:

    • (a) in Internet Explorer (version 11), you must manually delete cookie files (you can find instructions for doing so at;
    • (b) in Firefox Quantum (version 57), you can delete cookies by clicking "Tools", "Options", "Privacy" and then "Show Cookies", and then clicking "Remove All Cookies"; and
    • (c) in Chrome (version 63), you can delete all cookies by accessing the "Customise and control" menu, and clicking "Settings", "Show advanced settings" and "Clear browsing data", and then selecting "Delete cookies and other site and plug-in data" before clicking "Clear browsing data".

Again, doing this may have a negative impact on the usability of many websites.

  • (8) Cookie preferences

It is our intention in the future to provide functionality in your account for you to be to manage your preferences relating to the use of cookies on our website.

  • (9) Contact us

This website is owned and operated by Offcy Consulting Services Limited.


Cyprus is a reputable international financial centre by virtue of its generous tax incentives and is the preferred choice for International Business Companies.

Being an EU member since 2004 and in full compliance with OECD requirements, Cyprus represents an ideal gateway for investments between the EU and Eastern Europe / Asia.

The growth in utilising Cyprus in international tax planning structures strengthens the existence of the island’s tax advantageous system, attracting both corporations and individuals.


Tax Incentives

Cyprus entities can be utilised in international tax planning structures in a number of ways to exploit the local tax legislation, an extensive double tax treaty network and EU Directives mitigating or even eliminating any tax liability arising from activities.

The Cyprus tax legislation offers numerous incentives including:

  • Taxation of trading income at lowest EU rate of 12,5% on net profits
  • Tax exempt gains on securities trading including disposal of shares in subsidiaries
  • Tax exempt dividend income (subject to easily met criteria)
  • No withholding tax on payments of dividends/interest/royalties (arising from sources outside Cyprus)
  • Tax exempt profits received from overseas permanent establishments (subject to easily met conditions)
  • Utilisation of a beneficial and extensive Double Tax Treaty network
  • Utilisation of EU Directives (Parent-Subsidiary Directive, Mergers Directive, Royalty and Interest Directive, Mutual Assistance and Cooperation Directive)
  • Unilateral tax credit relief for foreign tax paid on income received abroad
  • Favourable provisions on the taxation of interest and royalties
  • Group relief of losses
  • Carry forward of losses indefinitely
  • Investor friendly tax authorities


Non Tax Incentives

Cyprus is at the crossroads of Europe, Asia and Africa; it is situated in the north-eastern corner of the Mediterranean Sea. Further to its advantageous geographic location, time zone and climate Cyprus offers an excellent infrastructure for doing business internationally.

The non-tax incentives include:

  • English  is the most widely used language for business in Cyprus
  • Establishment and maintenance of companies at substantially lower set-up and annual operational costs in comparison with other jurisdictions
  • Possibility of re-domiciliation from / to other jurisdictions
  • The existence of flexible re-organisation rules  (for mergers, takeovers, etc) without tax consequences
  • First class service providers (accountants, auditors, lawyers, bankers) and an excellent and mature  professional services infrastructure
  • Possibility as to the listing in international Stock Exchanges
  • No Controlled Foreign Company (CFC) rules
  • No thin capitalisation provisions
  • No foreign exchange controls