PUBLICATIONS  The Cyprus International Trust • Used to divest personal assets. For example, if someone wishes to dispose of an asset, he can do so by transferring it to the CIT. • Used to avoid exchange controls. For example, if in the future exchange controls are placed for remittance of funds back to the home [...]Continue reading

PUBLICATIONS  Why Register a Company in Cyprus? There are many reasons for someone to register a company in Cyprus including the fast and easy procedure of registration, taxation advantages as well as anonymity advantages relating to the ultimate beneficial owners. It should be noted on the outset that the most common form of company being [...]Continue reading

PUBLICATIONS   VAT in Cyprus: Value Added Tax on Immovable Property On the 13th of November 2017 Law 157(Ι)/2017 was published in the official Gazette of the Republic, by which the Law on Value Added Tax (VAT) in Cyprus is significantly amended with regards to transactions on immovable property. These amendments were necessary for the [...]Continue reading

PUBLICATIONS  Taxation of Companies in Cyprus C yprus tax resident companies are taxed on their worldwide income. A company is tax resident in Cyprus if it is managed and controlled in Cyprus. The corporation tax for companies in Cyprus is 12.5% however foreign taxes paid can be credited against this corporation tax. Dividends: o There is no withholding [...]Continue reading