news
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Action Plan for Attracting Foreign Companies to Cyprus
- April 21, 2024
- Posted by: admin
- Category: Immigration, Investments, News, Taxation
No CommentsThe 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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TAX DIARY 2024
- April 17, 2024
- Posted by: Office
- Category: News
If you’re a Cyprus-based company or individual seeking Tax Advisory Services, look no further. Contact us today to receive your 2024 Tax Calendar and ensure you never miss a tax deadline. Our extensive expertise in local and international business and finance, coupled with our deep understanding of legal and tax regulations, forms the foundation
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Introducing the EU Blue Card Your Gateway to Highly Skilled Work in Cyprus
- April 17, 2024
- Posted by: Office
- Category: Immigration, Investments, News, Taxation
Embark on on a new chapter of your career journey with the EU Blue Card, Cyprus’ latest residency permit tailored for highly skilled workers from third countries. Approved by the Council of Ministers on January 17, 2024, this ground-breaking initiative opens doors to qualifies non-EU foreign nationals seeking employment opportunities in Cyprus. What is the
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Έναρξη Λειτουργίας της Tελικής Lύσης του Ηλεκτρονικού Συστήματος του Μητρώου Πραγματικών Δικαιούχων (UBO Register) για Εταιρείες και άλλες νομικές οντότητες
- November 28, 2023
- Posted by: Office
- Category: News
Το τμήμα Εφόρου Εταιρειών και Διανοητικής Ιδιοκτησίας (ΤΕΕΔΙ) σε συνέχεια της ανακοίνωσής του με θέμα «Ειδοποίηση για καταχώριση στοιχείων πραγματικών δικαιούχων (ΠΔ) στο Μητρώο Πραγματικών Δικαιούχων (ΜΠΔ) και επιβολή προστίμων» ημερομηνίας 01/09/2023, ενημερώνει την έναρξη της εφαρμογής της τελικής λύσης του ηλεκτρονικού συστήματος του ΜΠΔ από τις 14 Νοεμβρίου 2023. Στον σύνδεσμο https://ubo.meci.gov.cy/ μπορούν να ενωθούν όσοι είναι
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Social Insurance and National Health contributions for 2023
- May 26, 2023
- Posted by: admin
- Category: Accounting & Finance, Taxation
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
- Posted by: admin
- Category: Fiduciary, News, Taxation
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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TAX DIARY 2023
- January 2, 2023
- Posted by: admin
- Category: News
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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Relocation, Investment Strategies and Opportunities
- June 16, 2020
- Posted by: Panos
- Category: Fiduciary, Investments, News, Taxation
The economy worldwide is changing fast. Likewise, the Investors and Shareholders need to re-assess and re-set their strategies. Part of such re-assessment can be the issue of relocation of head-quarters or part of their company or group functions. Such decision may result in serious tax savings. Evaluation of Issues in the decision of Relocation Re-location
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F.C.I. Company Formations – Administration Update during COVID-19 Outbreak
- March 19, 2020
- Posted by: Panos
- Category: News
Dear Clients and Colleagues, The team of F.C.I. LTD hopes that you and your families are safe and healthy during this troubling time. We are happy to report that our offices are open, and our staff is working by following best health practices at the temporary working hours 08.00 am to 16.30 pm.
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Social Insurance and National Health contributions for 2020
- February 21, 2020
- Posted by: Panos
- Category: News
In 2020, Social Insurance contributions remain the same as in 2019 whereas contributions to the General Healthcare System will be increased on 1 March 2020. This increase is offset for individuals by the recent increase of the maximum annual tax deduction from 1/6th to 1/5th of their taxable income. Social Insurance Contributions for 2020 The
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