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Posts filed under: Articles

There is no doubt that the current financial environment is strongly technology dependent which in turn has given rise to trading incredible volumes at very low costs. Information Technology has given the capability to investors to make informed decisions and...
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The Cyprus Investment Firm (CIF) is the regulated special purpose vehicle used by Investment Advisors, Portfolio Managers, Foreign Exchange Brokers and Market Makers as well as Binary Options companies to operate in Cyprus. Such firms obtain authorization and are regulated...
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Successions with cross-border elements are usually characterised by their high complexity. Succession law varies considerably from one EU country to another. The EU Succession Regulation comes into force later this year in August 2015. It applies to EU States, except Denmark, Ireland...
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The House of Partliament has recently passed a new law that reduces the VAT from 15% to 5% as of the 1st of October for every purchase or erection of new residence premises. The applicant should be a physical person...
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Cyprus has developed and expanded its yachting industry over the last 25 years. At the same time the number of marinas on the island have growned. We assist owners of small to mega yachts, in all matters relating to the...
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Recently there was an amendment of the Company law – Law117(I)/2011 in which all the registered companies to the Cyprus Department of the Registrar of Companies are obliged to pay an annual levy of 350€ according to the following process....
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Cyprus is a competitive jurisdiction for the incorporation of companies and frequently is used with other countries for international tax planning. Benefits of forming a Cyprus company are the following: the lowest rate of corporate taxation in Europe, an extensive Double...
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Cyprus is a popular jurisdiction for international business and is widely used in international tax planning. Among the benefits of using Cyprus as a corporate vehicle are the lowest rate of corporate taxation in Europe, 10% on the net profits;...
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The European Commission has formally requested Cyprus to amend its legislation which gives more favourable tax conditions to Cypriot citizens, nationals and descendants than to other EU citizens when it comes to import and excise duties for imported new passenger...
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A corporation is Tax resident in Cyprus when its management and control is exercised in Cyprus. Corporate tax as from 1 January 2005 is 10% on the total net profit....
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