Cyprus Payroll - Explained, Simply Cyprus Payroll - Explained, Simply Anonym / Sunday, November 29, 2020 0 72 Article rating: No rating We explain how the Cyprus Payroll system works. Read more
Increase your Net Worth & Well Being + Reduce Your Taxes. Are You Taking Action? Increase your Net Worth & Well Being + Reduce Your Taxes. Are You Taking Action? Anonym / Sunday, November 29, 2020 0 51 Article rating: No rating A very interesting article which combines all the tax knowledge earned in combimation with the available Cyprus Insurance tax allowances which will enhance the quality of your life! Read more
Old Company or Personal Taxes Due? This Article is for You! It is your Last Chance to Save Interest & Penalties Old Company or Personal Taxes Due? This Article is for You! It is your Last Chance to Save Interest & Penalties Anonym / Sunday, November 29, 2020 0 88 Article rating: No rating Our article on how to settle old balances due and reduce penalties and fines. Read more
Practical Cyprus NHS Guide Practical Cyprus NHS Guide Anonym / Sunday, November 29, 2020 0 68 Article rating: No rating The introduction of Cyprus National Health System (NHS) explained simply. Read more
Breaking News: 50% Subsidies for the Digital Transformation of Cyprus Companies Breaking News: 50% Subsidies for the Digital Transformation of Cyprus Companies Anonym / Sunday, November 29, 2020 0 63 Article rating: No rating Read our Article on Linked In. 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