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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 MoreIncome Tax Q & A
1. Which persons are liable to Income Tax in Cyprus and in respect of what income? Individual and companies resident in Cyprus are liable to income tax in accordance with the Income Tax Law (Law No. 118(I) of 2002, as amended) in respect of their worldwide income. An individual is resident in Cyprus, if they …
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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