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 […]

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 […]

Updated double tax treaty table. November 2015

Read the recently updated double tax treaty list of Cyprus as issued by the Ministry of Finance. Cyprus currently has 58 double tax treaties. Click the link below. http://www.mof.gov.cy/mof/mof.nsf/page26_en/page26_en?OpenDocument

Tax Alert. Automatic exchange of information on tax rulings of EU Member states.

The Commission has welcomed a unanimous agreement by Member States on the automatic exchange of information on cross-border tax rulings, just seven months after the presentation of the Commission’s ambitious proposal on the subject. The new rules should lead to greater cooperation between Member States on tax matters and act as a deterrent from using tax […]

New tax changes attract foreign investment. Tax Alert, August 2015

The House of Representatives voted on the 9th of July 2015 a number of significant tax law bills into laws in an effort to modernize the Cyprus tax system and further enhance Cyprus’ competitiveness in attracting foreign investments. The above provisions have come into effect on 16 July 2015, which is the date they were […]

How to pay the annual government levy to the Registrar of Companies.

Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2014. 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 (2014) […]

What is the personal income tax in Cyprus?

Where an individual is tax resident in Cyprus, tax is imposed on income accruing  or arising from sources both within and outside the island. Where an individual is not tax resident in Cyprus,  tax is imposed on income accruing or arising only from  sources within Cyprus. Tax resident in the Republic of Cyprus  is an […]

4 NEW CYPRUS DOUBLE TAXATION TREATIES ENTER INTO FORCE WITH EFFECT FROM 1 JANUARY 2014

In line with the OECD Model Convention, four new Double Taxation Treaties (DTT) have  come into force with effect from 1st of January 2014, between Cyprus and the following countries: 1. DTT between Cyprus and Ukraine  The new DTT between Cyprus and Ukraine replaces the old DTT between Cyprus and the USSR. The main provisions of the new DTT […]