In a survey KPMG interviewed more than 400 tax professionals across Europe. According to the poll Cyprus was regarded as the most attractive tax regime in Europe followed by Ireland, Switzerland and Malta. The least attractive tax regime was that of neighboring Greece.
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Indeed, this is very much the case. Cyprus has the lowest corporate tax rate in the EU at 10%, and is the lowest non-offshore tax jurisdiction in the world. This must speak for itself. Of course this is backed by a business-friendly government, very good infrastructure for professional services, such as plenty of experienced and highly educated tax accountants, corporate legal advisors and company administrators, as well as an ideal geographical location for international business.