How to establish Cyprus Trust Establishing a Cyprus International Trust varies in complexity and purpose; but the purpose of any Trust is to keep assets for a specific beneficiary such as family, charities, public workers or even just hold funds...
How to Establish a Cyprus Company with MARICORP Establishing a Company in Cyprus may be simpler than you may think. Many multinational corporations choose to have Companies in Cyprus as they have an ideal legal and corporate Tax regime. Cyprus...
Cyprus Tax Outlook 2022 CYPRUS BECOMES A FULLY COMPLIANT CORPORATE TAX RATE JURISDICTION ATTRACTING MULTINATIONAL COMPANIES FOR HEADQUARTERING OR BRANCH SET UP In December 2021 the Cyprus Minister of Finance has announced that the year of 2022 will be a...
IS IT REALLY A CURRENCY OR ANOTHER FANCY FINANCIAL INSTRUMENT? IS IT TAXABLE?In a nutshell, no one cares whether Cryptocurrency is a currency or stock as long as it makes money! However, there are some important aspects in this new...
The VAT e-commerce package adopted by the Council on 5 December 2017 includes a number of changes to the place of supply rules for telecommunications, broadcasting and electronically supplied services ('TBE services') as well as to the Mini One Stop...
The Arbitrage Opportunity leading to MERGERS AND ACQUISITIONSAfter COVID hit the world in end of 2019 beginning of 2020 our daily life has turned upside down – in economic terms that means uncertainty. Definitely no one can argue that in such...
What Is A Tax Ruling? A Tax Ruling is the official written reply by the Tax Department to requests for guidance on the interpretation of the Cyprus tax law. In October 2015 the Cyprus Tax Department has issued a circular...
Cyprus Double Tax TreatiesCyprus offers a network of various double tax treaties (CTT) giving business and individuals the benefit while establishing legal entities in Cyprus. Tax Treaties replace the local tax legislation and protect business against double taxation of income...
Intellectual Property (IP) Tax Regime in Cyprus – illustrative exampleThe new IP regime (IP Box) as amended and applied from 1st July 2016 onwards is aligned with the provisions of Action 5 of the OECD’s Base Erosion Profit Shifting (BEPS) project....