Cyprus Permanent Residency by Investment IBCCS TAX

New legal framework for Permanent Residency by investment in Cyprus

The Cypriot government recently announced certain amendments to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, which became effective on the 24th of March 2021, in an effort to further attract foreign investment to the island and to aid economic recovery and further economic growth. Investment criteria The applicant must make an …

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New crowdfunding & P2P lending regulations in EU

New crowdfunding & P2P lending regulations in EU

New EU Crowdfunding Regulations will apply from 10th November 2021 to providers of two key types of crowdfunding: investment-based crowdfunding and peer-to-peer lending. The operations of crowdfunding platforms will be subject to pan-European rules due to Regulation (EU) 2020/1503 and Directive (EU) 2020/1504, adopted by the European Parliament in October 2020. According to the new regulations, a crowd service provider “CSP” that facilitates either investment-based …

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UBO Register in Cyprus

UBO Register in Cyprus – Intermediate System Solution

With reference to our article, we would like to inform you that the Registrar of Companies (RoC) has announced on 12 March 2021 that the electronic service for registration of beneficial owner details for companies and other legal entities is now available as from 16 March 2021. Ultimate Beneficial Owner – definition According to the …

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New contribution on all immovable property sales in Cyprus.

A mandatory contribution on Cyprus immovable property disposals was introduced through recently announced legislation, published in the Cyprus Government Gazette on the 22nd February 2021. Under the amendment, a levy of 0.4% will be imposed on the sale of real estate in the Republic. The proceeds adding towards adding towards the support of refugees and owners …

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10% – 20% DISCOUNT “READYMADE” & “AGED” COMPANIES – VARIOUS JURISDICTIONS.

If you require a company with a few months or years existence already behind it, a “readymade” or “aged” company is for you. Our readymade and aged companies offer a Company Name and Registration Number, which can be used immediately. Those of our readymade and aged companies that have not traded are supplied with a *Certificate …

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New VAT Rules for cross-border e-Commerce

New VAT Rules for cross-border e-Commerce take effect 1 July 2021. The new rules introduce certain provisions for persons facilitating supplies of goods or services using an electronic interface such as a marketplace, platform, portal or similar means. Cross-border sales of goods and services. New rules extend the scope of the Mini One Stop Shop to a One-Stop-Shop …

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Ultimate Beneficial Owner (UBO) register to be introduced in Cyprus from 2021

With the constant strengthening of AML regulation and enhancing transparency around the globe, the Cyprus Council of Ministers on 16/12/2020, have resolved to appoint the Registrar of Companies (RoC) as the competent authority to maintain a centralized register of beneficial owners (“UBO”) of companies and other legal entities; and an intermediate (temporary) platform has been …

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Expatriate tax relief for employment in Cyprus extended

On 15 December 2020, an amending law was published in the Official Gazette of the Republic which relates to Article 8(21) of the Income Tax Law. The purpose of the amendment is to extend the application of the 20% or €8,550 (whichever is the lower) tax exemption for remuneration from employment which is exercised in …

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Jak obostrzenia związane z pandemią wpływają na regulacje dotyczące rezydencji podatkowej na Cyprze?

Ponieważ obecna sytuacja zmusiła rządy do podjęcia bezprecedensowych środków (ograniczenia w podróżowaniu, kwarantanna itp.), pojawiają się problemy dotyczące interpretowania skutków podatkowych w razie nieplanowanego czy też przedłużonego pobytu w danym kraju. Zwłaszcza osoby, które spotkał „lockdown” w kraju, który nie jest ich krajem rezydencji (w tym podatkowej), np. na Cyprze, czy w Polsce, mogą mieć …

Jak obostrzenia związane z pandemią wpływają na regulacje dotyczące rezydencji podatkowej na Cyprze? Read More »