Recent content by CyprusLaw

The point of this forum is to form a community of like minded people to come together, discuss, form synergies, help each other etc. By all means do whatever you want to do. My only advice to everyone out there is to consult a licensed lawyer prior to setting up there own schemes, this applies...

The numerous tax incentives would still be in place, like for example tax free sale of securities, notional interest deduction, IP Box etc. Also, just to clarify the proposed tax reform, including the increase to 15%, were part of the tax reform presentation which was prepared by the Ministry...

Nominee work up to the level of the registered shareholder. You still need to disclose the UBO to the UBO registry and to the banks. Generally, only directors, secretary and address are publicly available, registered shareholders can be seen only after paying for a search over the specific...

During the presentation they were clear that the tax incentives such as: non-dom regime, IP Box, NID, no CGT on stocks and others, will remain unchanged.

These are not rumors. The tax reform was officially presented over 1 month. The proposal is for an increase to 15% corp tax for all companies, and a decrease of the SDC for domiciled individuals. Of course this is just part of the tax reform, a lot of the incentives have remained, there will be...

The increase will be on all companies, not just for those with over 750m turnover, this was clear from the presentation of the tax reform.

I had clarified in the following post that my reference related to the potential imposition of social insurance, not tax. Stocks are non taxable, whether actively trading or as capital gains. But if actively trading they could have social insurance implications. Crypto on the other hand will not...

I am not sure where is the difference that you refer to, stocks are tax exempt. First of all, I mentioned that with respect to trading cryptos it appears that it will be treated as explained above, i.e. either tax exempt if capital gain, or as taxable income if actively trading. So again only...

There are automation systems that are being used by accounting firms to simplify the process.

I am biased in saying that Cyprus is a good jurisdiction for an investor to invest in or set up a business yes. But the tax reform is something based on facts, I am not going to lie about what the law is or is going to be...

Everything should be reported, as correctly mentioned below. However it will be marked as non-taxable

The tax reform is expected to take effect for the year 2026. However, things in Cyprus are always slow so we cannot be certain about this.

How exactly am I biased? Also, what is the right research for your? Reading online articles? Attaching EY's article where you will read a summary of the tax reform proposals. https://globaltaxnews.ey.com/news/2025-0579-cypriot-government-announces-tax-reform-measures

There is no such thing as an annual fee for non doms, this was never announced and never discussed. Also, all of the above, such as the CIT increase are just proposals, nothing has been passed yet, and nothing will pass until at least 2026