Why Is Cyprus the Best Location in Europe for Digital Business?
Tax laws and other financial rules are without a doubt some of the most important factors to consider if you want to relocate your company to another nation. On the European continent, the eastern Mediterranean island is difficult to surpass in these categories. Cyprus has swiftly acquired a reputation as a safe and reliable country since joining the European Union in 2004, the year it became a part of the Union. It also boasts one of the most advantageous tax plans in the world, with over 40 double taxation agreements. Moreover, despite the president’s recent rise in corporation taxes from 10% to 12.5 percent, those rates may still be deemed moderate.
TheSoul Publishing is the first media company to attain a social media milestone of 100 billion views for its online content. According to data from social video analytics company Tubular Labs, TheSoul Publishing’s portfolio of short-form video content, which includes viral hit channels like 123 GO!, has propelled the company to the top of the social media views on YouTube and Facebook, surpassing Walt Disney Company, ViacomCBS, Comcast, WarnerMedia, and Sony Pictures Entertainment. 5-Minute Crafts were the sixth most subscribed YouTube channel in May 2021. thesoul publishing channels have a global subscriber base of over 1 billion people.
It’s fantastic and motivating seeing what TheSoul Publishing has accomplished on the network, reaching billions of followers and establishing themselves as one of the world’s most powerful creator companies.
The regulatory environment
It began with a bunch of Russian programmers and a desire, like most Film success stories do. It’s always been a goal of mine to develop a website for marketers regarding advertising.”It was incredibly small and very, very niche,” Arthur Mamedov, COO of TheSoul Publishing, admits of the company’s humble beginnings as a B2B blog for the marketing business, which had been co-founded by co-CEOs Pavel Radaev and Marat Mukhametov.”However, this was earlier in 2003, when the Internet was in its adolescence.As the Internet grew; we grew as well, moving away from only talking to advertisers and into something with a larger audience.”
Potential on a global scale
Furthermore, because the Republic of Cyprus currently lacks a controlled foreign company (CFC) statute, all residents have the legal ability to incorporate and operate an offshore business.While this approach allows operators to avoid paying any taxes at all; it may come with significant drawbacks when it comes to participating in international partnerships. However, from the standpoint of a cryptocurrency investment, it is also a chance to dodge any future laws that may stifle operations.