Cyprus has entered into almost 50 double-tax treaties, most of which follow the OECD Model Convention. The following countries are among those which have double-tax treaties with Cyprus: Azerbaijan Armenia Austria Belarus Belgium Bulgaria Canada China CIS (ex-USSR) Czech Republic Denmark Egypt Germany France Greece Hungary India Ireland Italy Kuwait Kyrgyzstan Lebanon Moldova Malta Mauritius …
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Insolvency: Liquidation of a Cyprus Company
Insolvency: Liquidation of a Cyprus Company The legislation and procedure relating to winding up of legal entities is set out in the Companies Law, Cap.113 (the “Law”). Under section 203 of the Law the two main types of winding up procedure are voluntary liquidation and liquidation by the court. A. Voluntary Liquidation A Cyprus company …
Read MoreCyprus – India Double Tax Treaty
Cyprus has one of the most favourable double tax treaties with India for the avoidance of double taxation and the prevention of fiscal evasion. The tax treaty offers benefits such as exemption from capital gains tax. As a result of the benefits offered, an ever increasing proportion of investment into India has been channelled through …
Read MoreAdvantages of a Cyprus Limited Liability Company
Cyprus is a member of the European Union and is situated in the Eastern Mediterranean, lying at the hub of three continents and close to the busy trade routes linking Western Europe with the Middle East, Africa and the Far East. The legal system is based on the English common law. The national currency is the …
Read MoreCompany Redomicilation
Corporate redomiciliation is the process by which a company moves its domicile from one jurisdiction to another by changing the country under whose laws it is registered or incorporated, while maintaining the same legal identity. Companies’ redomicile for a variety of reasons including to take advantage of more favourable tax laws or less stringent regulatory …
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