A new bill was voted into Law last Friday 14th of July 2017 amending the Income Tax Law allowing an individual to acquire Cyprus tax residency by staying only 60 days in Cyprus. The preconditions. All of the following criteria must be met by an applicant: stay in Cyprus for at least 60 days during the tax (calendar) […]
In our last article “Should I become a Cyprus tax resident, non-domiciled?” we explained the advantages, especially those related to tax benefits, for those foreign individuals that consider to become Cyprus tax resident. In this article we go through the evidence that will need to be available in order to present to the tax authorities […]
“Cyprus, a country that is exceptional for business and ideal for living!” Watch a promotional video prepared by the Public Information Office which summarizes in 3.30 minutes the virtues of Cyprus as a place to invest, live, work, relax and enjoy! Congratulations to everyone that contributed to this nice piece of work!.
The introduction of the non-domiciled (non-dom) tax resident status in the Cyprus tax system in 2015 paved the way for tremendous opportunities to businessmen that want to achieve optimum tax planning and savings. The change affects physical persons that consider to use Cyprus as their tax seat and gain from the favourable tax regime both […]
A company is a legal person. As such it has what is called “perpetual succession”. In other words it never dies. The question offers arises how a company can be dissolved or be “killed”. In most common law jurisdictions there two methods: One is called “strike-off” and the other “liquidation”. We shall examine each in […]