Archives

Category Archive for: ‘Publications’

Permanent Residence Permits – Invest in Cyprus – 13/9/2012

  In an effort to attract foreign investors the Republic of Cyprus has put in place new and accelerated procedures for granting Immigration Permits to applicants who are third party nationals and intend to invest in the Republic. It is estimated that the examination process of the application shall not exceed one or two months. Based on the new provisions …

Read More

Cyprus Tax Treatment of Royalties – 13/9/2012

  On 24th May 2012, the House of Representatives of Cyprus voted on a number of amendments to the Income Tax Law in order to establish Cyprus as a favorable jurisdiction for companies owning any kind of intellectual property rights, patents and trademarks (collectively referred to as IPRs). The amendment comes into effect from the 1st of January 2012. Tax …

Read More

Taxation in Cyprus

PERSONAL INCOME TAX Where an individual is a resident in the Republic, tax is imposed on income accruing or arising from sources both within and outside the Republic. Where an individual is not a resident in the Republic, tax is imposed on income accruing or arising only from sources within the Republic. An individual is considered to be resident if …

Read More

Holding Companies Incentives – 01/2011

A Cyprus Holding Company can be effectively utilized for international tax planning purposes and at the same time enjoy the status of being located at a reputable business centre within the European Union. In summary, a Cyprus Holding Company offers the following advantages in relation to the major tax considerations: Dividend income received from subsidiary companies abroad is exempt from …

Read More

Information on Cyprus Business Companies – 01/2011

SYNOPSIS Cyprus has become a centre through which many leading international companies conduct their business activities. Among the benefits which accrue in using Cyprus as a corporate vehicle are the lowest corporate tax rate in Europe, the extensive double tax treaty network, the secure environment, its reputation, infrastructure and favorable tax provisions. Company Name The name of a company must …

Read More

Advantages of a Cyprus Company

  The tax reform act of 2002 was inevitable in order to harmonize Cyprus’ laws and practices with the European Union laws and directives, the Code of Conduct and the Organization for Economic Cooperation and Development. The end result of this exercise was the abolition of the offshore regime, the introduction of a uniform taxation and operational scheme applicable to …

Read More

VAT Changes as from 1st January 2010 – 15/12/2009

  On 1 January 2010, a number of important VAT rules will change following the implementation of various European Directives and Regulations (the “VAT Package’), mainly concerning the place of supply rules for services. These changes may have an impact on Cyprus companies if such companies receive or provide services. Such services for example include fees for consultancy, management, administration, …

Read More