If you are interested in Forex you probably know that quite a lot of Forex Brokers are registered in Cyprus (as well as in Seychelles, Belize and British Virgin Islands). Why is it so? The explanation is quite obvious. Cyprus that became a member of the EU in 2004 still has the merits of an offshore zone. Thus in Cyprus Forex companies take advantages of tax free offshore status (according to the Cyprus law non-resident companies do not pay taxes on the payment of dividends, interest or royalties). Cyprus business law guarantees security and privacy for a company. 
If you want to choose a Cyprus Forex Broker look here.