Cyprus Double Tax Treaty
Cyprus Double Tax Treaty What is a Double Tax Treaty? A Double Tax Treaty is an agreement between two or more countries that reduces the amount of tax imposed on a working individual or company. This means that they do...
What are Cyprus company reporting obligations?
What are Cyprus company reporting obligations? If these Cyprus company reporting obligations are not met, then the law provides for implications to be put in place; Company/Directors are liable for offenses (legal action can be taken) Deregistration of the company,...
How much is Dividend tax in Cyprus?
How much is Dividend tax in Cyprus? Dividends are the distribution of retained company’s earnings to certain shareholders. The board of directors makes this decision. A dividend payment may be in the form of cash or additional stock. Therefore, Cyprus...
How much is the Withholding Tax in Cyprus?
How much is the Withholding Tax in Cyprus? Cyprus withholding tax is what an employer removes from an employee’s gross wages and is paid directly to the government in the name of the employee. In short, the amount deducted is...
How to open a bank account in Cyprus
How to open a bank account in Cyprus There are many types of Cyprus bank accounts. Each account is set up differently depending on the bank account you choose to go with. Savings Account This type of Cyprus bank account...
How much is share capital in Cyprus company
How much is the share capital in a Cyprus company What is share capital? At the time of the company's registration, the shareholders make monetary contributions to the company, at the time of its registration. This is the share capital....
How to achieve Zero income tax
How to achieve Zero income tax Zero income tax means that less money is coming out of your paycheck each month, and when tax season c0mes around, you only have to submit a federal return. The 183-day rule Someone who...
Importance of Pledge of shares in Cyprus
Importance of Pledge of shares in Cyprus Pledge of shares in a Cyprus company is a systematic way of granting security in commercial transactions. Outside court jurisdiction, the security can be used as collateral and be enforced. The pledge creates...