George Klitou

Top Tax Incentives in Cyprus for International Businesses.

Cyprus stands out as a premier destination for international businesses and entrepreneurs seeking a tax-friendly environment. Its strategic location, EU membership, and comprehensive tax benefits make it a hub for global operations. Below, we explore the key tax incentives that position Cyprus as a top choice for companies and individuals alike. Non-Domicile Status: Tax-Free Global […]

Top Tax Incentives in Cyprus for International Businesses. Read More »

A new upgrade for Cyprus economy. Fitch Upgrades Cyprus’ Credit Rating to ‘A-‘ with Stable Outlook.

Foreign investors and entrepreneurs considering relocation to Cyprus using the Cyprus company as a vehicle, have now more reasons to feel confident on taking such a decision. Fitch Ratings has upgraded Cyprus‘ long-term foreign-currency rating to ‘A-‘ from ‘BBB+’, citing strong fiscal discipline and economic performance. Highlights include: These factors enhance Cyprus’ investment appeal and

A new upgrade for Cyprus economy. Fitch Upgrades Cyprus’ Credit Rating to ‘A-‘ with Stable Outlook. Read More »

Moody’s Upgrades Cyprus’ Credit Rating to A3: A significant milestone and a testament to economic strength.

Cyprus has achieved a significant milestone, with Moody’s upgrading its long-term issuer and senior unsecured ratings to A3 from Baa2, reflecting strong fiscal discipline and economic growth. This upgrade positions Cyprus as a highly credible investment destination. Key Factors Behind the Moody’s upgrade of Cyprus. Stable Outlook Moody’s expects risks to remain balanced, with contained

Moody’s Upgrades Cyprus’ Credit Rating to A3: A significant milestone and a testament to economic strength. Read More »

Cyprus Tax resident or Malta Tax resident?

Tax residency Comparison: Cyprus vs Malta Tax Resident program Both Cyprus and Malta are popular destinations for individuals seeking tax efficiency, but they have distinct differences in their tax regimes. Here’s an in-depth look at how these two jurisdictions compare: Non-Domicile Status Cyprus vs Malta Cyprus: Offers a Non-Domicile (Non-Dom) status that exempts foreign income,

Cyprus Tax resident or Malta Tax resident? Read More »

Non domicile status in UK will be abolished in  2025. Is the Cyprus Non-Dom the alternative for investors?

UK will abolish its long-standing “non-dom” tax regime in April 2025, marking a significant shift in how the country handles tax residency for foreign nationals.  The move was announced during the 2025 budget presentation, with emphasis that this change will phase out the outdated concept of domicile in the tax system and at the same

Non domicile status in UK will be abolished in  2025. Is the Cyprus Non-Dom the alternative for investors? Read More »

Extension for the Submission of Individual Income Tax Return and Payment of Tax/Contributions for 2023

The Tax Department announced yesterday 30th of October that the Council of Ministers of the Cyprus Republic has approved an extension for the submission of the Individual Income Tax Return and the payment of Tax/Contributions for the year 2023 until November 30, 2024.

Extension for the Submission of Individual Income Tax Return and Payment of Tax/Contributions for 2023 Read More »

Abolishment of Annual Levy of Cyprus companies, followed by other economic support measures in Cyprus

Multiple decisions have been announced by the President of the Cyprus Republic – to further support the businesses and households. The support package shall be applicable from 2024 and onwards. Regarding the Business sector, the most important measure is the abolishment of the annual levy of Euro 350, which was payable by all companies registered

Abolishment of Annual Levy of Cyprus companies, followed by other economic support measures in Cyprus Read More »

Delegate like a pro. Follow these 6 rules to delegate work to your team.

  How to delegate work towards your team.   When embarking on a new business venture, entrepreneurs, particularly those in the early stages, may find themselves at risk of taking on too much work independently. However, astute entrepreneurs soon realize that they cannot manage everything on their own. Mastering the art of effective task delegation

Delegate like a pro. Follow these 6 rules to delegate work to your team. Read More »

“Unshell of companies” The upcoming directive by the European Commission to prevent tax avoidance.

European Commission presented a directive on preventing shell companies from misusing their structure for tax purposes (‘Unshell’) While shell companies – company entities that have no or minimal economic activity – can serve useful commercial and business functions, they are sometimes abused by companies or individuals for aggressive tax planning or tax evasion. To ensure

“Unshell of companies” The upcoming directive by the European Commission to prevent tax avoidance. Read More »

Investment criterion for company relocation in Cyprus

Investment criterion for company relocation in Cyprus

  Investment criterion added on the policy of the “Strategy for Attracting Businesses for Activities or/ and Expansion of their Activities in Cyprus.   The eligibility criteria of Registration of companies in Cyprus in the Foreign companies registry has been updated recently. An amendment of the policy for the Registration of Companies in the Register

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