Tax applicability on an offshore company and a regular Cypriot company?

[mneilson]

Any private company based in Cyprus that is 100% foreign-owned is regarded as an offshore company. Although the term International Business Company (IBC) is also used. But there is no any difference in tax treatment between an offshore company and a regular Cypriot company.

[Safa]

That sounds to be trues, just wondering why the term IBC, Cyprus don't have a IBC, they are International Business companies, anyway, as long as the shareholder and director isn't resident of Cyprus, you don't have to pay any tax.