CYPRUS PROPERTY TAXES

In Cyprus, immovable property tax has been abolished as of the 1st January 2017. This constitutes a strong incentive to launch a real estate project in Cyprus. The main immovable property taxes are listed below. Local Property Tax It is payable to local authorities, that is to say, to Communities and Municipalities. This tax is Read More

CYPRUS- SAUDI ARABIA DOUBLE TAX TREATY

Cyprus and Saudi Arabia signed a double tax treaty for the avoidance of double taxation between the two countries. The treaty was signed on 3rd of January 2018 and it is expected to enter into force on 1st January 2019. The agreement was signed by Ioannis Kasoulides, Minister of Foreign Affairs of the Republic of Read More

ACQUISITION OF IMMOVABLE PROPERTY IN CYPRUS BY NON-EU CITIZENS

ACQUISITION OF IMMOVABLE PROPERTY IN CYPRUS BY NON-EU CITIZENS Cyprus is a leading international business centre combining advanced corporate infrastructures, warm weather and economic stability. As a result of all the above, many foreigners decide tolaunch their real estate projects on the island.   A considerable advantage of purchasing immovable property in Cyprus is that Read More

CYPRUS PERMANENT RESIDENCY BY INVESTMENT CRITERIA AND BENEFITS

The combination of warm weather, quality of life, favourable taxation and advanced business infrastructures are some of the most considerable advantages which motivate business people to relocate and choose Cyprus as the base of their business projects. Cyprus government aims at attracting foreign investment and boost the economic activity of the country. According to the Read More

CYPRUS TAX MATTERS

The favorable tax scheme of the Republic of Cyprus combined with the straight forwards procedures urge many business people worldwide to choose Cyprus as the base of their business activities. Among others, Cyprus maintains double tax treaties with more than 50 countries. Corporate Tax: The corporate income tax in Cyprus is 12.5%. All Cyprus tax Read More

CYPRUS CORPORATE TAX

CYPRUS CORPORATE TAX Cyprus is a highly reputable international business and investment hub. The well-established business infrastructures, the simple and straightforward procedures, the experienced labour force, and the favourable tax scheme, attract business people and investors from all over the world to launch their projects on the island. Currently, Cyprus maintains double tax treaties with Read More

Incorporate a Company in Cyprus

Basic Legal Requirements for Cyprus Company Formation Incorporating a company in Cyprus is a straight-forward and simple procedure. Precisely, the registration of Cyprus Company is completed within a few days. The basic legal requirements for setting up a Cyprus company are listed below. Company Name:The procedure of company formation begins upon the approval of the Read More