Get Cyprus tax residency by staying 60 days in Cyprus.

A new bill was voted into Law last Friday 14th of July 2017 amending the Income Tax Law allowing an individual to acquire Cyprus tax residency by staying only 60 days in Cyprus. The preconditions. All of the following criteria must be met by an applicant: stay in Cyprus for at least 60 days during the […]

Permanent residency in Cyprus. Q&A Guide.

We have compiled this Q&A Guide about permanent residency applications to address questions usually  raised by clients. Updated 04/07/2017   1. Main differences between going through the Fast Track and the Slow Track The main differences are concerning the requirements for each way of obtaining the Permanent Residency and the time needed to complete each […]

Changes in the anonymity status of BVI companies. The “BOSSs Act”

On June 12th, 2017 the BVI Government enacted the Beneficial Ownership Secure Search system Act, 2017 (“BOSSs Act”) and it shall come into force on June 30th, 2017. The BOSSs Act creates a secure system, the Beneficial Ownership Secure Search System (“BOSSs”) for the effective, efficient and confidential storage of information regarding the beneficial owners […]

New Unique Project launches today. “Silk by Sophie Mohr” from Santorini, Greece!

  Great to watch our clients start new unique ventures that are sure to succeed, ,and proud that we have contributed,  a bit , ourselves to the setting up and to make the dream come true. Silk by Sophie Mohr is an exceptional project made in Santorini – Greece, but available worldwide! The online shop […]

Bank charges and commissions charged by Cypriot banks.

Many international clients feel a disappointment when, after opening a bank account with a Cypriot bank, discover that bank charges and commissions are too expensive for their budget. Consequently, we urge clients to check the bank commissions charges before committing to a specific bank. From our review , Bank of Cyprus is the most expensive […]

Annual government levy deadline, 30th of June 2017.

Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2017. The settlement of the annual duty should ONLY be done through JCCSmart website through the following link: https://www.jccsmart.com/  Please follow the instructions below: Instructions for the payment of Cyprus Companies annual levy (2017) […]

Cyprus – The Real Return on Investment!

“Cyprus, a country that is exceptional for business and ideal for living!” Watch a promotional video prepared by the Public Information Office which summarizes in 3.30 minutes the virtues of Cyprus as a place to invest, live, work, relax and enjoy! Congratulations to everyone that contributed to this nice piece of work!.  

How can I achieve Cyprus tax resident, non-domiciled status?

  In our last article “Should I become a Cyprus tax resident, non-domiciled?” we explained the advantages , especially those related to tax benefits, for those foreign individuals that consider to become Cyprus tax resident. In this article we go through the evidence that will need to be available in order to present to the tax […]

Should I become a Cyprus tax resident, non-domiciled?

The introduction of the non-domiciled (non-dom) tax resident status in the Cyprus tax system in 2015 paved the way for tremendous opportunities to businessmen that want to achieve optimum tax planning and savings. The change affects physical persons that consider to use Cyprus as their tax seat and gain from the favourable tax regime both […]

Cyprus Citizenship Requirements

How to get Cyprus citizenship is a question often asked by many non European businessmen that wish acquire a European citizenship coupled with other tax benefits and incentives. The most popular way is to obtain Cyprus citizenship by investment either in real estate, government bonds or Cyprus companies. The Republic of Cyprus has set in […]