What is the Corporation’s Tax rate in Cyprus? The Corporation Tax Rate in Cyprus is 12.5%. A tax resident of Cyprus will consequently be taxed on its profits arising from Revenue – Expenses. Any income from in Cyprus, or abroad, will be...
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...
Ultimate Beneficial Owners Register Dear Esteemed Clients / Associates. The Republic of Cyprus has implemented the EU Directive (2018/843) regarding the Ultimate Beneficial Owners Register (the 'UBO Register'). The Registrar of Companies ('ROC') has been designated as the authority responsible...
EXTENSION OF ANNUAL LEVY PAYMENT Dear Clients / Associates, We hereby notify you that further to the previous extension given by the Registrar of Companies regarding the payment of the Annual Levy of 2021 to December 2021, a further extension has...
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...
General obligations of a Cyprus Company Given the increasing regulations and compliance/reporting requirements set by the Authorities in the last years, it is now even more important to ensure that your Cyprus Company is fulfilling its obligations deriving from the...
Corporate Information Shares and Corporate Governance Minimum number of directors: One Nationality requirements for directors: None Corporate directors permitted: Yes Minimum number of shareholders: One Maximum number of shareholders: Fifty Nationality restrictions on shareholders: None Company secretary required: Yes Registered...