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Recent content by CyprusLaw

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    Bulgaria or Cyprus for company and residency?

    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.
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    Bulgaria or Cyprus for company and residency?

    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...
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    Bulgaria or Cyprus for company and residency?

    You do not need to wait for one year to take dividends in Cyprus
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    Retroactive Taxation (Canada)

    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...
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    Cyprus taxes, is this true?

    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.
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    Cyprus non-dom tax resident tax for long term crypto holding sales?

    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.
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    Malta vs Cyprus

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

    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...
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    Accounting in Cyprus for my online gambling site

    Still on the high end, do you mind sharing who the provider is and also exactly what is included in their fees?
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    Accounting in Cyprus for my online gambling site

    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.
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    Us Llc non resident

    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...
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    Single family Fund with CY personal residency

    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.
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    Nominee director asks for my bank access

    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.
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    UAE vs Cyprus for crypto trading company

    If the software was built by you and can be deemed as a qualifying asset then potentially with the correct structure this may be done.
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    UAE vs Cyprus for crypto trading company

    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...