As of the 1st June 2023, a major shift is happening in UAE. The Federal Tax Authority (FTA) will introduce a 9% corporation tax. We are explaining the implications of this substantial policy change. 1.For Business Owners This new mandate is applicable to all business entities across the UAE, including those within onshore and Free …
Tax-Free No More: Clarifying UAE’s Ground-breaking Corporate Tax Shift Read More »
We would like to bring to your attention that according to the Cyprus Company Law, Cap. 113 all Cyprus Companies are subject to an annual government levy of โฌ 350 payable by 30.06.2023. Non-payment of the annual government levy will result in penalties and the de-registration (strike off) of the company from the registry of Cyprus companies. …
๐๐จ๐ฐ ๐ญ๐จ ๐๐จ๐ง๐๐ข๐ซ๐ฆ ๐ฒ๐จ๐ฎ๐ซ ๐๐จ๐ง-๐๐จ๐ฆ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ? A person who is a tax resident in Cyprus is liable to pay Cyprus Income Tax (CIT) on their worldwide income, from all sources. Additionally, domiciled residents of Cyprus pay a Special Defense Contribution (SDC) on their passive income derived from dividends, interest, and rentals as per the following …
On 2nd of May 2023, in accordance with the Regulation 6.2 of the Alien and Immigration Regulations, the new requirements for the investment scheme have been officially adopted after the revision by the Council of the Ministers. Category 6.2 (Fast Track Residence) is a permanent residential permit which can be obtained through the investment in …
New Immigration Rules for Investment Visa in Cyprus Read More »
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