Εναρμόνιση Κυπριακής Εταιρείας Ελληνικών Συμφερόντων με τις Ελληνικές Φορολογικές Διατάξεις
Written by Petros Petrocostas on June 21, 2017
Ολοένα και μεγαλύτερος αριθμός Ελλαδιτών επιχειρηματιών επιλέγουν να διεξάγουν τις επιχειρηματικές τους δραστηριότητες μέσω Κυπριακών Εταιρειών. Η χρήση Κυπριακής εταιρείας (είτε αυτόνομα είτε ως μέρος μεγαλύτερης ομιλικής δομής) μπορεί να προσδώσει χρηματοοικονομική ευελιξία, δυνατότητα διεθνούς επέκτασης (ο κίνδυνος αντισυμβαλλόμενου, counterparty risk, μιας Ελληνικής εταιρείας είναι σαφώς μεγαλύτερος από αυτόν μιας Κυπριακής εταιρείας) και σημαντικότερα καλύτερες […]
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New tax treatment of intra-group financing arrangements
Written by Petros Petrocostas on May 15, 2017
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 […]
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Investing in Czech Property through Cyprus
Written by Petros Petrocostas on February 14, 2017
The below article describes a simple structure for reducing tax liabilities on gains from the disposal of Czech based property investments. The Structure A simple holding structure involving a Cyprus Holding Company (CHC) and a Czech Subsidiary Company (CSC), through which an international investor (the CHC’s shareholder) can acquire exposure to a Czech-based property investment. Capitalization […]
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UK Non Resident Company Structure (Cyprus Branch)
Written by Petros Petrocostas on January 18, 2017
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 […]
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Cyprus and India revised Double Tax Avoidance Agreement
Written by Petros Petrocostas on December 1, 2016
On November 18th 2016, Cyprus and India signed a revised double tax agreement to replace the one signed between the two countries back in 1994. The development is another welcome step for the business community as following the entry into force of the amending agreement, Cyprus will be retrospectively removed from the list of the […]
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The New Cyprus IP Box Regime
Written by Petros Petrocostas on November 14, 2016
On 14 October 2016, the House of Representatives enacted into law amendments to the Income Tax Law (ITL) which provide for: the gradual phase out of the current IP regime, and the introduction of a new IP regime that is fully aligned with the parameters of the relevant OECD recommendations of Action 5 plan on fighting […]
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Tax Incentives for Start – Up and Innovative Businesses
Written by Petros Petrocostas on October 19, 2016
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 […]
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Moody’s Upgrades Cyprus Banking Sector
Written by Petros Petrocostas on August 18, 2016
On August 1st 2016, the international rating agency Moody’s Investors Service upgraded the Cypriot Banking system to a positive rating from stable. The change in outlook expresses Moody’s expectations of how bank creditworthiness will evolve in Cyprus over the next 12-18 months and it was based on the following four pillars: Profitability According to Moody’s […]
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