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Category: News

UPDATE ON THE CYPRUS ECONOMY

Mar 26, 2013
Cyprus reached a €10bn bailout deal with international lenders on Monday (25/03/2013) morning. The deal avoids a levy on bank accounts but will force large losses on big deposits in the island’s two...

THE CYPRUS PARLIAMENT REJECTED THE DEAL OF DEPOSIT TAX

Mar 20, 2013
The decision of the Cyprus Parliament to reject the bailout deal on Tuesday night has proven the trustworthiness of Cyprus as a major financial center sending out the signal that...

EXCEPTIONAL NATURALIZATION

Nov 28, 2012
For the background information on the topic please refer to the article Acquiring Cypriot Citizenship by Direct Investment. What is the applicable law? Law 141(Ι)/2002-2011 (sections 109-113 και 3rd schedule) Appendix “D”...

ACQUIRING CYPRIOT CITIZENSHIP BY DIRECT INVESTMENT

Nov 26, 2012
The Council of Ministers has in recent years announced a policy according to which it will examine favourably applications for citizenship provided certain investment criteria are satisfied. The main pillars...

WHO DO CYPRUS DIVIDEND TAXES APPLY TO?

Jun 27, 2012
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...

CYPRUS DEFENSE TAX GUIDE FOR COMPANIES

Jun 20, 2012
Governments have the right to impose any tax they wish. Cyprus, for instance, has a 15 percent defense tax. This levy is due on June 30 and December 31 each...

‘TRUST’ IN CYPRUS WHEN ESTABLISHING AN INTERNATIONAL TRUST

Jun 6, 2012
An international trust is a valuable vehicle for preserving family wealth, estate planning, asset protection, confidentiality, tax planning and more. International trusts are domiciled outside of one’s own country of...

ANNUAL LEVY FOR 2012

Jun 6, 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...

YOUR CYPRUS COMPANY TAX QUESTIONS ANSWERED

May 30, 2012
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...