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.
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...
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.
We addressed this issue in the passed - the US LLC would be considered a transparent entity and therefore if you are the shareholder then the tax dept would see it as income and not as dividends. Therefore it is advisable that you have the Cyprus entity as the shareholder and then receive it as...
This structure would not be deemed to be a fund, but a regular company. You are not pooling funds from investors, you are simply investing your money through an SPV.
Please note that in most jurisdiction the provision of nominee services is regulated, for example in Cyprus we have the Administrative Service Providers Law, and you do have an obligation for transaction monitoring.
Hi,
Just to clarify about Cyprus, 12.5% is the corporate tax, it has nothing to do with dividends. As a non dom you pay 2.65% for the GHS on dividends but this is in addition to the corporate tax which is imposed on the net profit of the company. Therefore your total effective tax rate is...
As I have mentioned above you need to obtain advice from a lawyer and an auditor in order to structure it properly to be able to have such company's profits fall under the IP box regime.
As long as you are trading own funds then this is not regulated. We can discuss the prospect of structuring it under the IP Box regime, I will send you a PM.
In very simple terms, under the IP Box regime in Cyprus, any profit from royalties from a qualifying IP asset can have a benefit of tax...
This is indeed an option in Cyprus. Having your own software and with the proper structuring could reduce the effective tax rate significantly. It does however require a significant investment and also a tax ruling from the authorities to make the structure as bulletproof as possible.
Happy to...
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