Tax Optimisation for Companies and High Net Worth Individuals - Must Read Tax Optimisation for Companies and High Net Worth Individuals - Must Read Anonym / Sunday, November 29, 2020 0 55 Article rating: No rating In this article we explain the factors to be considered once selecting a tax juristicition irrespoective of whether you are an Enterpreneur, a High Net Worth Individual or a Foreign Interest Company. Read more
Opening a Cyprus Bank Account Opening a Cyprus Bank Account Anonym / Sunday, November 29, 2020 0 57 Article rating: No rating Our short article on the requirements for opening a Cyprus Bank Account. Read more
Cyprus Funds. Easy, Fast, Affordable Cyprus Funds. Easy, Fast, Affordable Anonym / Sunday, November 29, 2020 0 52 Article rating: No rating Our latest article on Cyprus Funds and what makes Cyprus such an attractive juristiction. Read more
Cyprus Investment Firms - Capital Adequacy Reports (COREP) - Common Errors & Guidance Cyprus Investment Firms - Capital Adequacy Reports (COREP) - Common Errors & Guidance Anonym / Sunday, November 29, 2020 0 54 Article rating: No rating Read our recent articles about the most common errors and weaknesses Cyprus Investment Firms do when preparing their Capital Adequacy Reports. Read more
Video - Ready How to Read the Financial Statements of any Company -> read the "accounts" Video - Ready How to Read the Financial Statements of any Company -> read the "accounts" Anonym / Sunday, November 29, 2020 0 73 Article rating: No rating In this short video clip we explain how to become in a position to read the financial statements of any company in seconds. 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