H1: The U.S.–Cyprus Double Taxation Treaty: What You Need to Know
If you’re a U.S.-based entrepreneur, investor, or Greek-American with business ties to Cyprus, understanding the Double Taxation Agreement (DTA) between the United States and Cyprus is essential. This treaty plays a key role in avoiding being taxed twice on the same income and creates a smoother legal and financial framework for operating across borders.
H2: What Is a Double Taxation Treaty?
A Double Taxation Agreement is a legal accord between two countries to prevent individuals and companies from being taxed on the same income in both countries.
The U.S.–Cyprus DTA, signed in 1984, covers income tax on individuals and corporations. It is particularly helpful for:
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Entrepreneurs operating in both jurisdictions
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Greek-Americans with business or property in Cyprus
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U.S. investors earning dividends, interest, or royalties from Cyprus
H2: Key Benefits of the U.S.–Cyprus Treaty
H3: Avoiding Double Income Tax
If you’re taxed in Cyprus on business income, you may receive credit or exemption when filing your U.S. tax return, preventing double taxation.
H3: Withholding Tax Reduction
Dividends, royalties, and interest paid across borders are taxed at reduced rates, or sometimes not at all, depending on the structure.
H3: Legal Clarity and Protection
The treaty defines tax residency, business income sources, and permanent establishment—protecting you from arbitrary or excessive taxation in either country.
H2: Who Should Use This Treaty?
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Greek-American business owners with Cyprus-registered companies
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Investors with real estate or financial assets in Cyprus
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U.S. citizens working remotely or consulting for Cyprus clients
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Professionals paid from Cyprus-based firms
H2: How E. CHATZIDIMITRIOU LLC Can Help
Our legal team advises Greek-Americans and U.S.-based clients on:
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Treaty-based tax planning
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Tax credit claims under the DTA
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Structuring Cyprus companies for U.S. residents
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Ensuring compliance with IRS and Cypriot tax law
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