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  • Cyprus Permanent Residence – Accelerated

    • November 4, 2021
    • Posted by: Panos
    • Category: Immigration, Investments, News
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    A. CRITERIA FOR ACQUISITION OF “PR” IN 90 DAY ON THE BASIS OF REGULATION 6 (2): From the date of submission of the application: Acquiring a house in Cyprus of Minimum Value of 300.000 plus VAT; proof of payment for at least 200.000 transferred from abroad irrespective of delivery date, of the property. Having an

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  • Action Plan for attracting Foreign Companies to Cyprus

    • November 2, 2021
    • Posted by: Panos
    • 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: Transformation of the existing Fast Track Business Activation Mechanism into a Business

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  • Εδραίωση Κυπριακής Οντότητας

    • December 17, 2018
    • Posted by: Panos
    • Category: Fiduciary, Immigration, Investments, Taxation
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    Η παγκόσμια τάση των φορολογικών δικαιοδοσιών και οι πρόσφατες δικαστικές διεθνείς υποθέσεις αποδεικνύουν την ανάγκη να διασφαλιστεί ότι δεν υπάρχει διαφορά μεταξύ της μορφής και της ουσίας αποτελεσματικής διαχείρισης και ελέγχου από την δικαιοδοσία της εταιρείας. Επιπλέον, οι τελευταίες εξελίξεις για τη διεθνή ανταλλαγή πληροφοριών μεταξύ φορολογικών αρχών διαφόρων δικαιοδοσιών καθιστούν το ζήτημα της ουσίας ακόμη πιο δύσκολο. Η απουσία οικονομικής

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  • Substance of a Cyprus Entity

    • December 14, 2018
    • Posted by: Panos
    • Category: Accounting & Finance, Fiduciary, Immigration, Investments, Taxation
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    The global trend of tax jurisdictions and the recent international court cases, demonstrate the necessity to ensure that there is no discrepancy between the form and substance and the effective management and control from the specific jurisdiction as claimed. Moreover, the latest developments for the international exchange of information between tax authorities of different jurisdictions

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  • Cyprus Tax Residency by Staying in Cyprus 60 Days per Year

    • October 27, 2017
    • Posted by: Panos
    • Category: Immigration, Investments
    No Comments

    As from July 2017, Cyprus Income Tax Law (Ν.119 (Ι)2017) has been amended and became effective as from 1 January 2017, allowing to an individual to acquire Cyprus tax residency by staying only 60 days in Cyprus, under certain conditions, . An individual who meets all the conditions listed below with respect to a given tax

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