New tax treatment of intra-group financing arrangements

The Current Regime Up until now, Cyprus Companies were extensively used by international investors for conducting their intra-group financing activities in a tax efficient manner. This was made possible following an agreement back in 2011 between the Cyprus Tax Department (CTD) and the Institute of Certified Public Accountants of Cyprus (ICPAC). By utilizing the provisions […]

UK Non Resident Company Structure (Cyprus Branch)

In the below article, we examine a structure that enjoys the prestige and respectability of a UK company but at the same time is not liable to the high UK tax exposure. Summary As it is well known, UK is a prominent international business centre with a highly developed banking, legal and investment system. As […]

Tax Incentives for Start – Up and Innovative Businesses

New Tax Incentives that aim to boost further Cyprus status as a preferred jurisdiction for start – up and innovative companies, are expected to be presented to the Parliament soon. The package of tax incentives which takes into account practices that have been successfully implemented by other countries and is specifically targeting the promotion of […]

Economic Substance

In accordance with the Cyprus income tax legislation, a company whose management and control is exercised within the Republic of Cyprus is considered to be a Cyprus tax resident. Even though there is no statutory definition of management and control, in order for a company to be considered as a tax resident of the Republic […]

Cyprus Company – All you need to know

Εφαρμογή της Σύμβασης Αποφυγής Διπλής Φορολογίας μεταξύ Ελλάδας-Κύπρου – Φορολόγηση Μερισμάτων από Κυπριακή Εταιρεία

Με πρόσφατη της εγκύκλιο (η οποία παρατίθεται αυτούσια στο τέλος του παρόντος), η Ελληνική Γενική Γραμματεία Διεθνών Οικονομικών Σχέσεων και Αναπτυξιακής Συνεργασίας επιχειρεί να αποσαφηνίσει τις πρόνοιες της Σύμβασης Αποφυγής Διπλής Φορολογίας μεταξύ Ελλάδας και Κύπρου που αφορούν τη φορολόγηση μερισμάτων. Σύμφωνα με την εγκύκλιο, όταν πληρώνεται τακτικό μέρισμα από εταιρεία κάτοικο Κύπρου σε μέτοχο […]

Intellectual Property

Back in 2012, Cyprus amended its tax legislation aiming to create an attractive and secure Intellectual Property (IP) 1 regime. With only three years forward in time, the combined efforts by the private and government sector paid off placing the island in the elite ranking of IP preferred jurisdictions both in the EU and worldwide. […]

Bank Account Opening

To open a bank account in Cyprus the client’s presence is a prerequisite unless the client is introduced by an approved introducer in which case the procedure becomes much faster and the client avoids unnecessary expenses and travelling in Cyprus. Bank accounts are available in all major currencies and our firm stands ready to assist […]