Real Client Enquiry: Nominee Director / Shareholder for the Cyprus Company - Do we need one? Standard Admin / Monday, March 25, 2024 0 28 Article rating: No rating Read more
Real Client Expenses: Cyprus Company Expenditure - Reclassification what is allowable and what is not Standard Admin / Monday, March 25, 2024 0 26 Article rating: No rating Read more
Real Enquiry: I’m looking to setup as a non-dom in Cyprus and will have Cryptos Gains - how will i be taxed? One of the main reasons I’m interested in the Cyprus non-dom status is if I can cash out/ sell my crypto assets to €’s which I have been holding for several years. Standard Admin / Monday, March 25, 2024 0 44 Article rating: No rating Hi, I’m looking to setup as a non-dom in Cyprus. My income comes from a UK Ltd company which is around £50,000-£100,000 per year. My tax residency is currently Spain, but I want to leave the country. One of the main reasons I’m interested in the Cyprus non-dom status is if I can cash out/ sell my crypto assets to €’s which I have been holding for several years. I realise for the non-dom status I would need to spend 60 days within the country per year and rent or purchase a property. My question is would the crypto profits be taxed at 0%? I keep reading conflicting things on different lawyer websites. How much are you fees for this setup? And annual accounting? Thank you Read more
Trading in Cyprus. Easy? Complicated? Trading in Cyprus. Easy? Complicated? Kyriakos Tramountanellis x / Tuesday, August 30, 2022 0 113 Article rating: No rating Doing business in Cyprus is pretty easy and straightforward. Unless you are dealing with any of the below industries no operating licensing is required: Read more
Learn how to Read your Financial Statements Learn how to Read your Financial Statements Kyriakos Tramountanellis x / Wednesday, August 17, 2022 0 102 Article rating: No rating Read more
Difference between a subsidiary company and a branch in Greece Share Written By CYAUSE LTD Tags branchcyauseGreece company formationGreece investmentsubsidiarysubsidiary greece 2022-03-18 Foreign companies have the possibility to establish two types of entities in Greece: branches or subsidiaries. Below you can find the main differences between the two: Subsidiary The Subsidiary it is a legal identity independent from the parent company. The parent company controls the subsidiary company, because it holds a major percentage of the shares and capital of the business. However the subsidiary company runs independently from the parent company taking its own risks, and taking into account the regulations and norms of the country it’s in. Branch The branch form is the secondary establishment of the parent company, located in another area. The main difference is that the parent company controls and directs the branches, they have a subordinate relationship because the branch cannot function without the parent company. Do you want to find more of difference with regards to the Legal Personality of the two, Responsibilities and Management, but also the Tax Accounting issues that migh arise? Read the full article to Atlas Website here. Are you interested in establishing a Subsidiary or Branch in Greece? CYAUSE Audit Services Ltd was formed in 2011 in Nicosia. With more than 25 years of experience in the field, Mr Tramountanellis (director) has formed an excellent reputation of excellence and professionalism in the accounting profession. CYAUSE Audit Services Ltd managed to provide continuously a full spectrum of services to its international and local clientele, from offshore and onshore incorporation and licensing of investment firms to accounting, audit and tax services to local and international entities and groups. Source: Atlas Consulting