5. Dividends, interest or royalties received by a CIT from a Cyprus international business company (offshore company) are not taxable and not subject to any withholding tax.
6. Worldwide income, profit and gains are taxable in Cyprus only if the beneficiary is a Cyprus tax resident. If the beneficiary does not reside in Cyprus, then he/she is taxed only based on Cyprus sourced income and in accordance with the Cyprus income tax laws.
7. In case of migration to a high tax jurisdiction, a Cyprus International Trust (CIT) may be used in order to obtain tax advantages by protecting assets with the CIT.