Cyprus law recognizes the concept of trust both under statute and in equity. Under this concept it is possible for someone to hold the legal title of a property for the benefit of a third party. So to take the example of shares in a private company. The registered owner of the shares may hold […]
The Registrar of Companies has resently (October 2017) sent out notices to all private companies that have not paid the annual levy in any year starting from 2012, 2013, 2014 or 2015, to do so in 3 months. Otherwise the Registrar will strike off the company from the register. You can check if your company owes […]
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!.