'China Desk' Established in Cyprus
European commercial base set up in Cyprus to facilitate Asian trade
Meridian Trust Corporate & Fiduciary Services in Cyprus has formed a China Desk to facilitate Asian businesses to establish a European commercial base, as well as aiding international companies that intend to expand to the China market.
Meridian Trust is one of the leading corporate and fiduciary service providers in Cyprus, with over a decade of experience in its field and a large portfolio of international clients. It is a registered member of the Cyprus-China Business Association, an organisation that aims to encourage economic relations between the two territories, and to promote Cyprus as a reputable international financial services centre for Chinese businesses.
Company director M. Saveriadou wants to accommodate the rising demand of Chinese firms wishing to establish a European commercial base. This is very optimistic for the corporate sector in Cyprus, as bilateral agreements with China encourage Asian businesses to utilize the island’s unique location and services as an ideal gateway for international trade and development.
Cyprus is an opportune centre for countries like China. As well as the benefit of the low VAT rate of just 17%, the island also possesses Europe's lowest corporate tax rate at only 10% on net profits. Furthermore, investors receive their dividends tax free.