Recent News

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NEED HELP WITH YOUR BANK?

Despite turbulent changes in Cyprus banking the Cyprus banking system is evolving and changing dynamically towards becoming secure, safe and reliable service provider. Furthermore is more transparent and complies with all current GDPR regulation and anti-money...

FOREIGN INTEREST COMPANY – IS IT THE RIGHT SOLUTION FOR YOU

Cyprus is a place of opportunity and a great steppingstone into European markets for many non-European companies and entrepreneurs. Unlike most European countries where setting up an operation for a non-EU company can be costly and there are many barriers in place to...

CYPRUS CITIZENSHIP & PERMANENT RESIDENCE

On 13.2.2019 the Council of Ministers purposing, to ameliorate the “Cyprus Investment Program”, introduced new criteria and terms based on which non–Cypriot entrepreneurs/ investors and members of their families may submit applications in accordance with the...

CAPITAL GAINS TAX – CGT

Any profit resulting from the disposal of immovable property is subject to a tax at the rate of 20% on that gain, subject to certain exceptions. The total amount payable is subject to exemptions, depending on the type of transactions and the relation between the...

CYPRUS COMPANY TAX RESIDENCY – THE QUESTION OF SUBSTANCE

In an effort to strengthen the transparency of the Cyprus legal and tax systems in compliance with EU and OECD standards Cyprus Tax Authorities have introduced new criteria for the determination of whether a Cyprus Company maintains its management and control in...