Recent content by Loizos

OK lets clarify things. The 17 % is not income tax but SDC (another tax). Now if a person is tax resident in Cyprus is liable to SDC on dividend income EXCEPT if he gets a Non-Domiciled status. This is easy to get for a Non-Cypriot person. This is done by the republic of Cyprus to attract...

It does not take several months, 30 days maximum, you just need to have the right documentation and first of all to be entitled to it.

What do you mean? I do not understand. I an a manager in a Tax/Audit/Advisory firm in Cyprus and co-operate with many international clients. I did not say anything about 0%. I said that the corporation will have to pay corporation tax at 12.5% on its worldwide income. Loizos

What is done in Cyprus is using a Nominee director, secretary and shareholder. This will make the company to be taxed in Cyprus since Management and Control is shown to be carried out in Cyprus. But yet again this does not imply 0% taxes. Depending on the source of income of the company it may...

Our authorities will never question this but other countries tax authorities may question if they have a clue that you live there for more than 183 days...

They will get the information from immigration office. You are asking if you qualify for the 60 days rule?

You need to go through an introducer.

The cost of opening of a bank account in a Cyprus bank depends on the below factors: 1. Is the company/individual that will need the account tax resident in Cyprus? 2. Activities of the company (i.e. gambling related companies is very difficult to open a bank account. If more information is...

This is bulls**t. But if you want people that for $5 will jump up and down do not come to Cyprus, we do not need this kind of clients here.

You are wrong regarding the taxation of dividends. A Cyprus tax resident can obtain a non-domicile status (if he has not been a tax resident in Cyprus for 17 out of the last 20 years, OR if he can prove his parents were not Cypriot and he was not born in Cyprus) and not pay any tax on dividends...

A Cyprus company is not cheaper but it is more expensive than the costs you mention in your comments. Benefits of a Cyprus Company is that dividends taken by a Cyprus company from a foreign individual are totally tax free in Cyprus. Additionally it gives more credibility (if needed) to business...

To use the 60 days rule in Cyprus you will need to have a permanent home (owned/rented) for the whole year. Also do not spend more than 183 days anywhere else. (Cyprus will not look into this but the other jurisdiction may want to tax you there).

Background Cyprus IP regime is fully compliant with international developments in the tax treatment of IP income and OECD’s guidance. The IP regime has been reviewed by the EU Code of Conduct and has been assessed as fully compatible with EU standards. Benefits of the Cyprus IP regime 80% of the...

Economic Substance refers to new legislation introduced in the British Virgin Islands (BVI) which derives from an EU based unfair tax practices initiative that requires certain entities that are incorporated or registered in the BVI, and which conduct one or more of a set list of nine relevant...

Cyprus is one of the most credible jurisdictions for IP in the EU. Otherwise BVI (which you will need to have presence based on new regulations) or Belize.