In addition to helping our clients open bank accounts in Cyprus and in a number of other jurisdictions, we can now help corporate and private clients gain access to investment services offered by a number of firms licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The services offered include: Investment Advice Asset [...]
The number of new companies registered in Cyprus rose to 11,169 in 2014 compared to 10,847 the year before, or almost an annual 3 per cent, the department of registrar of companies and official receiver said. In 2012, the number of new company registrations was 17,999, the department said in a statement on its website [...]
The total number of property transactions rose an annual 20 per cent in 2014 to 4,527, the department of lands and surveys said. In December, property transactions rose 20 percent to 454 compared to a month ago, the department said in statement on its website today. Property transactions in Limassol district rose 35 per cent [...]
To open, download and save this document in PDF format please click here. Taxpayers have the option to complete and submit the Provisional Tax Assessment form before 1st of August 2014 based on the estimated taxable profits of 2014. The resulting provisional tax payments must be made in two equal installments, on 1st August and 31st [...]
To open, download and save this document in PDF format please click here. The recent Troika (International Monetary Fund, European Central Bank and European Commission) bailout of Cyprus resulted in some significant developments and changes. In particular: Corporation Tax From 2013 the corporation tax rate increases to 12.5% (from 10%). Special Defense Contribution on Interest From [...]
To open, download and save this document in PDF format please click here. Following the removal of Cyprus from the so called Portuguese “black list” of jurisdictions with privileged tax regimes, on 19 November 2012 a treaty and protocol was signed between Cyprus and Portugal. The treaty will take effect on the 1st of January following [...]
To open, download and save this document in PDF format please click here Corporate and Administrative Service Providers - Background The provision of corporate services in Cyprus, also known as administrative services, is regulated by a law which was implemented in 2012 (L.196(Ι)/2012, “The Law Regulating Companies Providing Administration Services and Related Matters of 2012”) and [...]
To open, download and save this document in PDF format please click here. On 22nd March 2012 the protocol amending the double tax treaty between Cyprus and Poland was signed. The new provisions will take effect on the 1st of January following the exchange of notification of ratification between the two states. The most significant changes [...]
To open, download and save this document in PDF format please click here. On 22nd March 2012 the protocol amending the double tax treaty between Cyprus and Poland was signed. The new provisions will take effect on the 1st of January following the exchange of notification of ratification between the two states. The most significant changes [...]
To open, download and save this document in PDF format please click here. On 16th April 2009 the protocol amending the double tax treaty between Cyprus and Russia was signed. The new provisions will take effect on the 1st of January following the exchange of notification of ratification between the two states. The most significant provisions [...]