The Registrar of Companies announced that the number of new companies registered in Cyprus during the first five months of 2016 rose by 24% compared to the same period of 2015. The increase is attributed to the recent amendments in the domestic tax law which made Cyprus an extremely attractive jurisdiction, both for businesses, as [...]
On 24 May 2016 a tax treaty was signed between Cyprus and Latvia. The treaty provisions will take effect on the 1st of January following the exchange of notification of ratification between the two states. The most significant provisions of the treaty are as follows: Dividends and interest: There will be no withholding tax on dividend [...]
The tax treaty between Cyprus and Bahrain entered into force and its provisions will take effect on the 1st January 2017. The most significant provisions of the treaty are as follows: Dividends, interest and royalties: These will only be taxed in the state of residence of the recipient. Capital Gains: Gains resulting from the disposal [...]
Amendment of the Treaty Signed Between Cyprus and Ukraine To open, download and save this document in PDF format please click here. An agreement was reached between Cyprus and Ukraine that will amend the existing Tax Treaty between the two states. The changes will take effect not earlier than the 1st January 2019, a date [...]
Tax Treaty between Cyprus and Iran To open, download and save this document in PDF format please click here. On 4th August 2015 a tax treaty, which is based on the OECD model treaty, was signed between Cyprus and Iran. The treaty provisions will take effect on the 1st of January following the exchange [...]
The Minister of Energy, Commerce, Industry and Tourism Yiorgros Lakkotrypis said that the time required for the registration of a company at the company registrar has been reduced to up to a maximum three days. “We have improved the time required for someone to register a company,” the minister who was commenting in an interview [...]
Cyprus – Georgia Double Tax Treaty In May 2015 a double tax treaty between Cyprus and Georgia has been signed which is based on the OECD model with some modifications. The treaty is expected to come into force on 01/01/2016 provided that it will be ratified by the two states within 2015. The treaty applies [...]
We are pleased to inform you that we can help you open bank accounts in Euro Pacific Bank which is based in St. Vincent and the Grenadines.You can access the website of the bank at: http://europacbank.com/#cyfiduciary Key Benefits: Ease of Doing Business Fast account opening process with personal bankers available via phone, email or [...]
The government has announced plans to modernize the island`s taxation framework in order to make it more competitive and to attract investments. The changes proposed fall within three main categories: High net worth individuals In order to attract high-net worth individuals, it is proposed that the notion of “non-domicile” is introduced. According to this provision, [...]
All companies registered in Cyprus should pay the annual levy of €350 to the Registrar of Companies before 30th June 2015. After this deadline the following penalties apply: - Within 2 months from the due date 10% - Within 5 months from the date due 30% Please note that if the annual levy and/or the relevant penalties are [...]