- Cyprus aviation sector is growing due to strategic locations and favorable regulations
- Cyprus offers a Private Aircraft Leasing Scheme with reduced VAT rates for qualifying purchases
- Private aircraft must be owned by a company registered for VAT in Cyprus and leased to individuals or entities in Cyprus
- Cyprus has low corporate tax rates and allows registration under any global aircraft registry
- Qualification requirements for the scheme include approval from the VAT Commissioner and other specific criteria.
Source: dixcart.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
