Recent content by CyprusLaw

Assuming your question relates to the address details you will submit as the UBO for the incorporation of the company, in order to act as secretary of the company you will need to provide the Cyprus address, this also applies for the registered address for the company. If you were only going...

My reply was going towards Sergeylim and was actually agreeing with your posti essentially. In Cyprus our profession is fully regulated (or overregulated if I may say).

You should only work with licensed law firms/aministrative service providers. We are regulated, and therefore this ensures your security when using a nominee.

The Cyprus company can purchase it and show R&D towards improving the product or modifying it to fit anither purpose for example.

Provided that you structure it so as to be deemed qualifying income and qualifying assets this will work.

This is not regulated under Cyprus law - it is regulated by the Articles of Association of each company - therefore if there is no restriction in the Articles dividends can be declared at any point in the year and as many times, save for the restriction that it has to be from the profits.

Under Cyprus law there is no set procedure for the distribution of dividends. This is regulated by the Articles of Association of each company, and guidance also derives from common law. A company can declare and distribute interim and final dividends. While interim dividends are declared and...

You do not need to wait for one year to take dividends in Cyprus

As long as you follow the right procedures, declare your income as Sols has mentioned and obtain a TRC in Cyprus you shouldn't have a problem. However, I should note that the 60-day rule is only recognized in Cyprus and therefore it is not 100% bulletproof from challenges, I would therefore...

Your information is wrong. Social contribution applies only on personal income, not on dividends. Dividends (for a domiciled individual) has an obligation of 2.65% GESY plus 17% SDC. If you you have non dom status then dividend distribution is SDC free for 17 years.

This can be through a loan or a capital contribution. You could go for an EMI instead, like ZEN for example. Cost will be significantly lower.

Noted - yes the yellow slip is quite straightforward to get.

In order to get the TRC you need to provided evidence that you've spent 183 days in Cyprus (if you are going with the 183 days route), these includes bank statements, showing movement, a signed sheet documenting each day of the year, flight tickets etc. So it's easy as long as you actually spent...

Still on the high end, do you mind sharing who the provider is and also exactly what is included in their fees?

Online gambling is illegal in Cyprus so I would assume that the operations are run in an offshore jurisdiction and the Cyprus company only acts as holding/payment agent so Euro 4,500 is a bit on the high side, depending also on what it includes etc.