Cyprus company formation question

[29endlesspower]

Hey guys!

I am a Cypriot resident and was born and raised here. I also did army here.

I want two things:

- I want to leave Cyprus and live in Netherlands or Norway
- I want to get rid of the army trips by doing the above

How can I set up a company and not pay SDC? Is there any solution to this? I am pretty sure it's impossible for me to get non-domicile, but was just wondering if there is a workaround for this, since with SDC, the taxes are close to that of a sole trader. My income right now is around €84k/year, but expected to rise.

Thanks!

 

[JohnLocke]

Some good question which @CyprusLaw, @CyprusBusiness @CyprusLawyer101 should be able to help with.

 

[29endlesspower]

Some good question which @CyprusLaw, @CyprusBusiness @CyprusLawyer101 should be able to help with.

Do I have to DM them? Or will they answer here? I'm new to this forum.

 

[Don]

Hey guys!

I am a Cypriot resident and was born and raised here. I also did army here.

I want two things:

- I want to leave Cyprus and live in Netherlands or Norway
- I want to get rid of the army trips by doing the above

How can I set up a company and not pay SDC? Is there any solution to this? I am pretty sure it's impossible for me to get non-domicile, but was just wondering if there is a workaround for this, since with SDC, the taxes are close to that of a sole trader. My income right now is around €84k/year, but expected to rise.

Thanks!

For example, you could operate as a branch office of a foreign company in Cyprus.
Assuming you don't qualify as a tax resident in Cyprus but are a tax resident somewhere else, you could save tax this way.
Norway and the Netherlands do not seem like the most optimal countries for this purpose, but a Norwegian/Dutch company with a branch office in Cyprus would indeed not pay SDC.
Tax residency in Estonia + Estonian company with a branch in Cyprus would be a total of just 12.5% CIT in Cyprus, and no more taxes in Estonia.

 

[JimBeam]

- I want to get rid of the army trips by doing the above

How often are you called to army trips?

 

[29endlesspower]

How often are you called to army trips?

2-3 times a year

 

[JimBeam]

2-3 times a year

WOW! That's crazy! How long do they last? What do you actually do there (like practice shooting or something)?

 

[29endlesspower]

WOW! That's crazy! How long do they last? What do you actually do there (like practice shooting or something)?

Sometimes yea, but mostly you just waste time for no reason; you come and just do nothing for hours

 

[sebastian]

Do I have to DM them? Or will they answer here? I'm new to this forum.

strange why they didn't respond to the thread! or did they DM you ?