Posts filed under: Articles
Cyprus is among the most important International Financial and Business centers world-wide. The official language of Cyprus is Greek although English is very commonly used. The area of the island is approximately 9.251m2 with a population of nearly 1...
With the registration of a Cyprus Fund -International Collective Investment Scheme, and by providing the required services and facilities for the incorporation of investment companies, classifies Cyprus once again as among of the major International financial centres worldwide....
The Cyprus Income Tax Law that entered into force on 1 January 2003 [Law 118(I)2002] harmonized income taxation in Cyprus with the EU acquis and OECD’s guidelines for eliminating unfair tax practices. ...
SEPA (Single Euro Payment Area) is an EU Council initiative for further economic integration of the EU for member states participating in the EU25, EEA (Norway, Iceland and Lichtenstein) and Switzerland. The concept is that citizens of the Euroland will...
Under the Cyprus Company Law Cap 113 an amendment has occurred [with Law 124(I)/2006] which enables a foreign company to transfer its domiciliation (registered office, etc) to Cyprus and continue its corporate operations from Cyprus under the laws of the...
As of 1/1/2010, Cyprus in order to comply with the provisions of the EU Council Directives 2008/8/EC, 2008/9/EC and 2008/117/EC, amended and effected the changes shown below in the Cypriot VAT law. ...
CFC rules generally provide that the income produced by controlled foreign companies which is subject to a lower tax rate in their country compared to the tax rate applicable to the resident shareholders, or which benefits from a favorable foreign...
The problem of money laundering is an international one and must be resolved through international assistance and cooperation by all countries. Cyprus has recognized this and developed a comprehensive legal and procedural frame for addressing this issue....
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