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 »
The Cyprus Government has recently introduced further tax incentives for employees moving to Cyprus for work and in particular for Employees of Foreign Interest Companies which choose Cyprus as their Headquartering base. These incentives have been introduced in addition to the simplification of Immigration procedures and the introduction of new Visa Schemes, such as the
Moving your Team to Cyprus? Additional Income Tax Incentives Introduced Read More »
The Tax Residency status of a Company is undeniably an issue of great importance. It determines the country in which tax will be levied over any Corporate profits and any tax benefits available under applicable double-tax treaties. Until now, Cyprus used the ‘Management and Control’ test to determine whether a Company should be considered a
Setting up a Cyprus Company? New Incorporation Test for Company Tax Residency Read More »
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