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 […]
Your Cyprus Company Tax Questions Answered
If you’re considering registering a Cyprus company, you probably have questions about tax laws. You might wonder if your Cypriot company has to pay tax, and if you’ll be able to benefit from double tax treaties. You might also wonder, in the case of a dispute, in which country will the resolution be handled? […]
Four Ways Nominees Can Benefit a Company
Nominees are people or legal entities that act as directors or shareholders of a company to protect the identity of a real shareholder or director. During company registration in Cyprus, the name, address, occupation and nationality of the person or legal entity who is to be the shareholder or the beneficial owner is required. In cases where anonymity is preferred, nominees are used […]
Amendments to Tax Laws
On 26 August 2011 the House of Representatives of Cyprus voted a number of amending laws which were presented by the Government as a first package of austerity measures toward the increase of State revenue and reduction of State expenditure…
New Tax Measures 2011
On 14 December 2010, the Cyprus Parliament, in an effort to combat tax evasion and tax avoidance has passed a number of changes in the tax legislation…