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) […]

Voluntary Liquidation of a Cyprus Company.

A Cyprus company is can be liquidated in two ways: By voluntary and involuntary liquidation. Voluntary liquidation can take two forms: voluntary liquidation by shareholders or voluntary liquidation by creditors. This article examines the procedure for voluntary liquidation by shareholders i.e. where the shareholders of a company decide voluntarily to dissolve the company. The regulating authority […]

WHO DO CYPRUS DIVIDEND TAXES APPLY TO?

In last week’s article, an overview of the Cyprus’s defense tax was given. As briefly outlined before, Cyprus’s defense tax also, in certain cases, applies to dividends. However, whether or not the dividends are taxed depends on if the income is received by a corporate shareholder or an individual. Since Jan. 1, 2003, dividends have […]

ANNUAL LEVY FOR 2012

The annual levy of the Cyprus registered entities for the year 2012 is payable by 30 June 2012. All active companies must pay the fee by that date in order to avoid any unnecessary penalties and charges. Dormant companies are exempt from the levy. However, should file the necessary declaration with the registrar of companies […]

YOUR CYPRUS COMPANY TAX QUESTIONS ANSWERED

If you’re considering registering a Cyprus company, you probably have questions about tax laws. You might wonder if your Cypriot company has to pay tax, and if you’ll be able to benefit from double tax treaties. You might also wonder, in the case of a dispute, in which country will the resolution be handled? Does an Offshore Cyprus […]

SEYCHELLES COMPANIES — UPDATE

In relation to the changes in the Seychelles IBC Act the following changes should be noted. AMENDED IBC ACT The Seychelles IBC ACT has been amended late December 2011 and after clarifications made with the Regulatory body as follows: ACCOUNTING RECORDS All IBCs registered in the Seychelles must by 1st January 2013 indicate the location […]