• Annual Statutory Obligations for Cyprus Entities 2024

    • April 21, 2024
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    • Category: Accounting & Finance, News, Taxation
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    Annual Statutory Obligations for Cyprus Entities 2024 Cyprus Companies, Partnerships, Self Employed & Cyprus Branches of Foreign Companies Every Month Book-keeping records are required to be maintained on monthly basis. If Entity is an Employer Payment of tax deducted from employees of the previous month (PAYE). Payment of social insurance and related funds withheld from employees

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  • Action Plan for Attracting Foreign Companies to Cyprus

    • April 21, 2024
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    • Category: Immigration, Investments, News, Taxation
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    The Cypriot Ministry of Finance presented this month an Action Plan for attracting companies to operate or expand their activities in Cyprus, aiming to make the island a sustainable business hub. The key points of the presented Action Plan are briefly summarised below: 1. Transformation of the existing Fast Track Business Activation Mechanism into a

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  • Discover Cyprus Residency Opportunities through Investment

    • April 21, 2024
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    • Category: Immigration, Investments, News
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    Embark on your Cyprus residency journey with our exceptional Cyprus residency by investment program. This unique opportunity offers successful applicants and their families the chance to obtain Cyprus permanent residency within just one year of approval, paving the way for future citizenship eligibility after five years of residency. Experience the Freedom of Cyprus Residency: Our

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  • Social Insurance and National Health contributions for 2023

    • May 26, 2023
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    • Category: Accounting & Finance, Taxation
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    Cyprus Social Insurance Contributions 2023

      Social Insurance Contributions for 2023 The Social Insurance Contributions for 2023 are summarized below: Contributions Employee Employer Self-Employed Social Insurance 8,30% 8,30% 14,60% Social Cohesion Fund 2,00% Redundancy Fund 1,20% Industrial Training Fund 0,50% Holiday Fund (if not exempt) 8,00% TOTAL 8.30% 20.00% 1460% The Social Insurance Office lays down yearly the maximum amount

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  • Discover INTELLECTUAL PROPERTY ( IP ) CYPRUS

    • May 3, 2023
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    • Category: Fiduciary, News, Taxation
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    A Favourable IP Regime Cyprus Intellectual Property “IP” Regime – Main Benefits Cyprus IP Box Regime protects the IP but also offers economic-tax benefits. Tax Benefits An organisation may achieve an effective tax rate of 2.5%.   Cyprus’s IP Regime entails a Tax Benefit which provides for an 80% exemption of income from and gains on the

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  • ΦΟΡΟΛΟΓΙΚΟ ΗΜΕΡΟΛΟΓΙΟ 2023

    • May 2, 2023
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    • Category: News, Taxation
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    Financial Consultants International ( F.C.I.) LTD παρουσιάζει το Φορολογικό Ημερολόγιοως εργαλείο για τον καλύτερο δυνατό προγραμματισμό των φορολογικών υποχρεώσεων εταιρειώνκαι ατόμων για το τρέχον έτος. 31 Ιανουαρίου Υποβολή δήλωσης λογιζόμενης διανομής μερίσματος ΤΦ 623 για το έτος 2020 και πληρωμή ΕΑΕ & εισφορών στο ΓΕΣΥ.   31 Mαρτίου Ηλεκτρονική υποβολή δήλωσης εισοδήματος 2021 από εταιρείες

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  • TAX DIARY 2023

    • January 2, 2023
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    • Category: News
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    Financial Consultants International F.C.I. LTD offers to businesses and individuals, the Tax Calendar as a tool for better planning of the tax obligations for the current year. 31 January Submission of declaration of deemed dividend distribution (TD623) for the year ended 31 December 2020.   31 March Electronic submission of the 2021 corporation tax return

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