How does one become a Cyprus tax resident? An individual who spends 183 or more days in Cyprus during any given tax (i.e. calendar) year is considered a Cyprus Tax Resident. This is often referred to as the ‘183-day’ rule. As an exception to this rule, the ‘60-day’ rule provides that an individual is considered […]
60/183 Days: Becoming a Cyprus Tax Resident Read More »
Our team has successfully advised one of Israel’s most promising start ups on establishing a presence in Cyprus and relocating key team members from Russia and Israel to Cyprus. Our client, a prominent start up in the sports education field, was looking for options for relocation of some of its key employees, who are Russian
Legal Update: Advising Israeli Start-up on Relocation of Key Employees to Cyprus Read More »
A trust is a legal arrangement in which a person (settlor) transfers assets to another person or entity (the trustee) to hold for the benefit of others (the beneficiaries). Trusts are a creation of the English (Common) Law system. They offer great flexibility and can be a very useful tool in estate planning and wealth
Trusts in Cyprus: What is a Trust & When is it Used? Read More »
According to Cyprus Tax Law, an individual who spends 183 or more days in Cyprus during any given tax year is considered to be a Cyprus Tax Resident. Personal Tax Residency may also be established under the 60-Day Rule. Individuals who are Tax Residents of Cyprus may benefit of an exemption from Personal Income Tax
Personal Income Tax Exemption: 90-Day Rule Read More »
Non-EU Nationals who wish to reside in Cyprus for more than 90 days, may file an application for a Temporary Residency Permit, commonly referred to as a ‘Pink Slip’. A Pink Slip grants its holders the right to reside in Cyprus from the day of filing of the relevant application and to travel freely in
Cyprus Pink Slip: Temporary Residency Permit under Visitor Status Read More »
Cyprus has traditionally been a popular relocation destination, combining a business-friendly environment and a favourable tax regime with a safe, high-quality lifestyle to raise a family. The real estate sector in Cyprus has experienced substantial growth with demand from both within and outside the EU. Moving to Cyprus and buying real estate, however, don’t come
Buying Real Estate in Cyprus Read More »
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