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Old 02-19-2011, 03:16 PM  
mineistaken
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Quote:
Originally Posted by Odin View Post
Thank you u-Bob, I wasn't exactly clear on that, so your reply helped. Any idea what the reasoning is for why so many Adult companies are choosing Cyprus over Gibraltar? Gibraltar, particularly now I am aware of exemption from VAT, is a hell of a lot more straight forward.
Its not because of VAT, there are many other taxes. Cyprus is one of the lowest tax EU country in EU. Thats why many people choose it. There are +- 6 kind of taxes for a company (only one of them is VAT) and combination of those 6 taxes is most likely best (or its in top 3 EU) in Cyprus. Thats why many people choose Cyprus.
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