Cyprus and Tax Treaties

A.            Introduction A Tax Treaty (TT), in general terms, is an agreement between two or more jurisdictions that regulates the tax amount that an individual or a company must pay, so they are not taxed twice...

Cyprus Non-Domicile Regime for Individuals

Cyprus Non-Domicile Regime for Individuals

Cyprus has become an attractive option for companies and individuals. Advantageous tax incentives exist and Cyprus is popular as both a corporate and residential location, offering a sound infrastructure, and also enviable weather.  Benefits Enjoyed by Tax...

CYPRUS: RE-DOMICILIATION OF FOREIGN COMPANIES

CYPRUS: RE-DOMICILIATION OF FOREIGN COMPANIES

A. INTRODUCTION As from 28.7.2006, the Companies Law Cap.113 (the “Law”) has been amended and the re-domiciliation of foreign companies to Cyprus is permitted, as per the provisions of the Law. Foreign companies that are established and operating abroad that consider...

Cyprus – Labour & Social Insurance

Cyprus – Labour & Social Insurance

Labour legislation All companies operating in Cyprus are obliged to adhere to the employment legislation of Cyprus. Detailed information on labour laws and regulations can be found on the website of the Ministry of Labour, Welfare and Social Insurance at...

Cyprus Film Scheme in Cyprus – Tax Incentives

Cyprus Film Scheme in Cyprus – Tax Incentives

On 27 September 2017 the Cabinet of Ministers has approved a new scheme (the 'Filming Scheme') with the purpose of attracting individuals, local and overseas companies specialising in the filming production to develop and relocate their business and activities to...

Cyprus Companies – General Obligations

Cyprus Companies – General Obligations

Incorporating a Cyprus Company is an easy and fast procedure, but what about the obligations regarding tax and statutory reporting? It is very important for every company to comply with the local regulations in order to avoid penalties and investigations by the...

DTT between Cyprus and Kazakhstan has been signed

DTT between Cyprus and Kazakhstan has been signed

A Double Tax Treaty between Cyprus and Kazakhstan has been signed and ratified by Cyprus on the 15th of May 2019. Subject to the finalisation of the various legal procedures involved, the DTT is expected to enter into effect from 1 January 2020. Dividends:The DTT...