Main Provisions of Cyprus Tax Laws Advantages of Cyprus Companies The main advantages are: 1. Corporation tax on net profit is 12,5%. 2. Dividend income is wholly exempt from income tax, but see paragraph 16 below. 3. Any gains realised on disposal of securities / shares in subsidiaries are not
Cyprus temporary residence permit, the so-called Pink Slip, allows Non-European Union passport holders to extend their stay in Cyprus for more than 3 months (90 days). It will also enable tourists and visitors to extend their stay no matter what the duration of their initial visa was. They should apply
The Registration certificate, commonly known as ‘Cyprus Yellow Slip’, as it is printed on yellow paper, is available to European (EU and EEA) citizens who wish to stay and work or remain as visitors in the Republic of Cyprus. The application for the issue of the certificate is submitted within
The process for opening a personal bank account in Cyprus has changed over the last years. The recent amendment to money laundering laws and regulations, and the directions of the Central Bank of Cyprus have made the process more demanding, however, anybody having the necessary documents and guidance will not
As of 2017, an individual is a tax resident of Cyprus if one satisfies either the ‘183 day rule’ or the ’60 day rule’ for the tax year. For earlier tax years only, the ‘183 day rule’ is relevant for determining Cyprus tax residency. The ‘183 day rule’ for
Why should you set up a company in Cyprus? Enjoy the international image of having a EU company Optimise and plan your structures with the lowest tax rates in the EU Access and provision of world-class financial services Steps for Setting up a company: Reserve a trading name for