Registration of Foreign Employers in Cyprus Registration of Foreign Employers in Cyprus CYAUSE LTD / Thursday, June 2, 2022 0 232 Article rating: No rating Non-EU Employers Registration in Cyprus Read more
Tax Consultation Tax Consultation Kyriakos Tramountanellis x / Thursday, June 2, 2022 0 87 Article rating: No rating Tax Consultation for a Client Read more
Employment in Cyprus Employment in Cyprus Kyriakos Tramountanellis x / Friday, May 27, 2022 0 451 Article rating: No rating In Cyprus, each salaried person or self-employed person must have a Personal Tax Identification Code (T.I.C) and a Personal Social Insurance Number (S.I.C). Consequently, the registration of personnel is made through the Social Insurance Office and the Income Tax Office, unfortunately, on a paper application. Read more
Business Seminars from ANAD Business Seminars from ANAD Kyriakos Tramountanellis x / Wednesday, May 25, 2022 0 64 Article rating: No rating Έναρξη λειτουργίας των τριών παρακάτω σχεδίων ανακοίνωσε η ΑνΑΔ, στην διαδικτυακή πύλη Ερμής, από την 01/06/2022. Read more
Submission of the 2021 Income Tax Return for Individuals Deadline Submission of the 2021 Income Tax Return for Individuals Deadline Kyriakos Tramountanellis x / Monday, May 23, 2022 0 65 Article rating: No rating Έχει αρχίσει η υποβολή της Δήλωσης Εισοδήματος Ατόμου 2021, η διαδικασία μπορεί να γίνει μέσω Taxisnet 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