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…
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…