Country Tax Guide - Tax overview for global mobility - Accace Country Tax Guide - Tax overview for global mobility - Accace Anonym / Thursday, February 24, 2022 0 70 Article rating: No rating Global mobility is very important, in order for the relocation of talent to happen in a smooth manner. However, it is a very complicated process for tax and payroll, where local specifics and international frameworks are equally important aspects. Read more
Cyprus Relocation: Places to visit in each city (view from a local) Cyprus Relocation: Places to visit in each city (view from a local) Kyriakos Tramountanellis x / Monday, February 21, 2022 0 55 Article rating: No rating Read more
2022 NEW SUBSIDY PROGRAMS FOR CYPRUS COMPANIES & FAMILIES 2022 NEW SUBSIDY PROGRAMS FOR CYPRUS COMPANIES & FAMILIES Anonym / Sunday, February 20, 2022 0 95 Article rating: No rating 2022 will be yet another year of EU / Cyprus financial aid programs to local businesses and families. We list below the programs that have been announced but not 'opened yet" for your information. If you would like us to assist you applying for any of the below simply drop us an email at kt@cyprusaccountants.com.cy and / or call us + 35722 336 321. Read more
How do I trade in Cyprus? As a Person or a Company How do I trade in Cyprus? As a Person or a Company Kyriakos Tramountanellis x / Thursday, February 17, 2022 0 77 Article rating: No rating Read more
Upcoming changes to the business taxation agenda in the EU - Accace Article Upcoming changes to the business taxation agenda in the EU - Accace Article Anonym / Tuesday, February 15, 2022 0 45 Article rating: No rating The European Union in order to support the post-Covid19 recovery needs a robust, efficient and fair business tax framework. Read more
Cyprus New Tax and Visa Relocation Incentives Share Written By Kyriakos Tramountanellis Tags 3rd countriesbusinessescitizenshipcompany set upCypruscyprus companiescyprus passportdigitalenjoy cypruseuexpatsheadquarteringlimassollive in cyprusmove to cyprusmove to eunaturilisationnicosianomadspaphospassportrelocationset up 2021-10-24 In its effort to increase the number of high-tech and innovation headquartering, the Cyprus government has announced new visa and tax incentives to attract them, which are voted in January 2022. In summary, the new measures include the following: Digital Nomad Visa Period: 12 months, with the right to renew it for another two years; i.e 3 years Conditions: - Employers and clients are located ourside Cyprus - Salaries at least €3,500 euros per month - Medical coverage, and - Clear criminal record from the country of residence/origin Establishment of a Business Facilitation Unit - Act as focal point of contact for existing companies relocated to Cyprus or new ones wishing to operate from Cyprus - Specific areas of economic activity: Cypriot shipping companies, Cypriot high-tech or innovation companies, Cypriot pharmaceutical companies, or Cypriot companies active in the fields of biogenetics and biotechnology Wokring Permits - Easy facilitation of working permits for high skilled employees from third (non-EU) countries Conditions: - Salaries at least €2,500 - Maximum number of work permits per company is 70% of all employees over a period of five years - The permits will be issued within one month - Last up to three years Family Members - Will be allowed to relocate together - Employees spouses / husbands will also have access to the country’s labour market Tax Exemptions - Apply only to to foreign high skilled employees - Will be extendent for a period of 17 years (from 10 years) - Existing 50% tax exemption on annual salary tax for new employees in the republic earning more than Euro 100,000 is also extended to cover new residents-employees with a yearly salary from employment of €55,000 or more with a tax exemption of 50%. Naturalisation / Passporting - Eligible employees from 3rd countries will have the right to apply for a naturalisation after 5 years of residence in Cyprus, or - After 4 if they have a recognised certificate of very good knowledge in Greek language Pension Security / Transfer Retired employees will be able to enjoy pension from their country of origin and Cyprus; an employee will not "loose" social securities paid in Cyprus or in their homw country as they will be transferred to the country of its retirement Cyprus is currently in the process to conclude bilateral agreements with third countries Want to know more about relocating to Cyprus? See how salaries, dividends, corproratino tax is calculated using our Cyprus Tax Calculators Watch our Youtube Channel with Cyprus Corporate and Tax Tips and playlist exclusivly for relocation material Read all there is to know on this section of our website Call me directly on +357 99 428 543 to walk you through the requirements. Thank you, Kyriakos