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 …
Cyprus government presented its new strategy to attract companies in the country, placing an emphasis on high-tech, research and innovation companies.
The Cyprus Anti Money Laundering Law 188(I)/2007 has been recently amended for the purposes of introducing into local law the provisions of the 5th AML Directive 2018/843.
There are many reasons foreign corporations or entrepreneurs take the decision to form a holding company in Cyprus. Here we sum up the 8 most important reasons why they decide to form a holding company in Cyprus.
The tax loss occurred after a tax year and which cannot be set off against other income is carried forward subject to conditions and is set off against the profits of the next five years.
Investors willing to invest in innovative startups in Cyprus, now have a good reason to do so. Tax exemptions and various other incentives apply.
Incorporating a Cyprus Company is an easy and fast procedure, but what about the obligations regarding tax and statutory reporting?
Many countries allow foreign companies to change their jurisdiction of incorporation. This kind of legislation permits the “re-domiciliation” of a company, meaning changing the “seat of incorporation” into or out of the jurisdiction.
The country is a great jurisdiction for registration of intellectual property as it combines the copyright protection laws of European Union with the signed treaties and protocols that the republic has signed.
In this article we share some points of the deductible expenses (excluded expenses) from the calculated income tax of a Cyprus company.
Many international businesses are relocating in Cyprus to setup a company, a branch, a holding company or other structures like partnerships and trusts. There are many factors that make Cyprus an attractive environment for doing business.
