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Starting a business in Cyprus, or anywhere for that matter, involves a multitude of legal complexities that can significantly impact the success and sustainability of your startup, which answers to “why legal support is crucial for startups in Cyprus”. Navigating these complexities without expert legal guidance can be perilous. This article will explore why having […]
How Individuals are taxed in Cyprus? Individuals who are tax residents in the Republic of Cyprus are taxed on income earned or derived both within and outside the Republic. An individual who is not a tax resident in the Republic is only taxed on income earned or derived within the Republic. Individuals employed in Cyprus must […]
Tax Planning for Non-Domiciled Individuals in Cyprus: Maximizing Your Benefits In July 2015, Cyprus adopted the idea of Non-Domiciled in Cyprus for tax reasons. This initiative seeks to position Cyprus as a top option for individuals (both EU and non-EU) considering shifting their personal tax residence to another country. Because it provides large package of […]
How to Register a Company in Cyprus Registration and Establishment of a Company in Cyprus: The process of setting up a legal entity in the Republic of Cyprus is referred to as the Establishment of a Onshore Cyprus Company. If you are not a Cyprus resident, then the right term is a Offshore Cyprus Company. […]
What is the Cyprus IP Box Tax Regime? The IP Box Regime (also known as a patent box, innovation box, or IP box) is a corporate tax regime used by many countries to incentivize R&D activities by taxing revenues derived from licenses, royalties, patents, and the sale or transfer of qualified IP assets differently than other commercial revenues. Intellectual property […]
How Companies are taxed in Cyprus? All companies that are tax residents in Cyprus are taxed on any income earned or derived in Cyprus and overseas as a Cyprus Corporate income tax. A non-Cyprus tax resident company is taxed on income accrued or gained from economic activity conducted through a PE in Cyprus, as well […]
How group of companies are taxed in Cyprus? Group relief provisions refer to a tax benefit that allows companies in the same group to transfer tax losses from loss-making companies to profitable ones, subject to certain conditions. Essentially, this means that if one company in a group is experiencing financial difficulty, other profitable companies within […]
