Provide clients with tax planning advice in transactions. We assist clients in weighing complex and often competing legal, tax and financial accounting considerations. To meet the challenge of double taxation, we constantly develop innovative ways to structure projects to minimize entity-level tax, generate tax benefits or defer the recognition of taxable gains.

Personal Taxation: All Cyprus residents are taxed on all income accrued or derived from all sources in Cyprus and abroad. Individuals who are not tax residents of Cyprus are taxed on income accrued or derived from sources in Cyprus. An individual is tax resident in Cyprus if he spends in Cyprus more than 183 days in the year of assesment.

Corporate Tax: A corporation is Tax resident in Cyprus when its management and control is exercised from Cyprus. The corporate tax rate is 10% on the company's profit.

International Tax Planning: Tax advise on a broad range of corporate tax issues and transactions, including mergers and acquisitions, asset finance, investment funds, securities, projects and other indirect taxes, securities trading and lending and tax structured finance. Tax is increasingly international and so when required members of the team can draw on their own experience or will involve appropriate tax advisers in other jurisdictions.

Double Tax Treaties: The concept of these treaties is that Cyprus registered Business Entities that have tax exemptions in Cyprus will have the same exemptions in the treaty country. These treaties follow closely the OECD model convention with an exception of the USA treaty which follows the USA model of agreements. The country of residence will give a credit for taxes paid in the other treaty country. The Cyprus international entity qualifies for treaty protection under all the extent treaties except those with Canada, France, the UK and the USA. Even in those cases the limitations apply only to flows of income to Cyprus and not to income flows from Cyprus to the countries.