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Cyprus is indeed included amongst the jurisdictions which allow re‐domiciliation in and out of Cyprus, therefore foreign corporate and tax migration into Cyprus is being considered as a very beneficial solution for the company’s operations. While shifting its base and its management and control to Cyprus, the company can operate with proper relevant substance under the very attractive, cost competitive and beneficial Cyprus corporate, tax and legal frameworks.
The migrated company can simply continue its operations in Cyprus without any interruptions, while enjoying a low corporate tax (12,5%), an array of other tax and non-tax favourable Cyprus elements and the advantage of operating in an EU jurisdiction and base.
You may see an outline visual review of the various efficient uses of a Cyprus company in international tax structuring by clicking here.
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Reduction of Defence tax on Cyprus corporate bonds |
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The Cyprus tax law has been amended to provide for a reduced Special Defence Contribution (SDC) rate on interest income received from corporate bonds by Cypriot tax resident domiciled individuals.
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VAT refund for acquisition of building land |
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The Cyprus Council of Ministers has decided during its meeting on the 11th September 2019 to approve a scheme for a subsidy (VAT refund) to be granted for VAT imposed on the acquisition by individuals of undeveloped building land to be used for construction of qualifying primary residence.
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New Era for Cyprus International Trusts |
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Article by Anna Kouloundi, Director of Totalserve Trustees Limited, as published in Premiere Business Magazine.
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Serviced Office Facilities |
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Totalserve can assist you in identifying suitable serviced office facilities, drafting all relevant agreements, sourcing equipment, arranging for the provision of IT support and more, depending on your specific requirements and needs.
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The Cyprus Investment Programme (“CIP”) |
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The CIP is one of the most attractive programmes of its kind that results to the Cyprus naturalisation and consequently to the obtaining of a Cyprus passport for investors. It is still highly regarded among investors and professionals and still is a first choice of option for many while placing the Cyprus passport amongst the strongest in the world (8th place).
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Actions speak louder than words…or do they? |
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By Marios Yenagrites, Seniort Tax Consultant
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Virginia Adamidou – Senior Advocate |
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E&G Economides LLC welcomes to the team, its newest member, Virginia Adamidou. Virginia is focusing on corporate & commercial and banking & finance matters, as well as drafting and reviewing corporate agreements of various sorts and legal transactions.
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Panagiotis Sofokleous - Advocate |
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In his current position, Panagiotis focuses on corporate and commercial matters, as well as drafting and reviewing all sorts of corporate agreements.
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LIMASSOL (HQ) | LONDON | MOSCOW | ATHENS | TORTOLA | BUCHAREST | JOHANNESBURG
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Totalserve House
17 Gr. Xenopoulou Street
3106 Limassol, Cyprus
Tel: + 357 25866000
Fax: + 357 25866001
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