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
Directors of a Cyprus Company - Review of Audited Financial Statements Share Written By CYAUSE LTD Tags 12.5%controlcorporation taxcyprus companycyprus company managementCyprus company management and controldirectorseu companyjurisdictionjuristictionlimited companymanagementmanagement & controlmanagement and controlnondomtaxation 2023-05-15 MANAGEMENT & CONTROL OF CYPRUS ENTITIES Following a review of a very small audit client I have noticed that the management of the Company comprises of non-Cyprus directors. First thing that comes to mind is the management and control of the Company as if not by Cypriots / Tax Residents then its Taxable Jurisdiction could be challenged, not by Cyprus, but by the overseas authorities. Below are review points I have raise to our junior auditor: Management and Control of the Company - do the directors reside in Cyprus? - are they Cyprus Tax Residents? - are they non domiciled persons? Need to know more on Cyprus Company Management? Watch the video below and explore our YouTube channels which covers the topic extensively - click on this link