Posts on the Topic Business in Cyprus

The Cyprus-UAE Double Tax Treaty simplifies cross-border taxation, eliminates double taxation, and fosters investment by creating a transparent tax framework. It strengthens economic ties between the two nations while offering reduced withholding taxes, capital gains exemptions, and clear guidelines for...

Xiaomi's rise in Cyprus is due to its strategic market positioning, offering value-driven and innovative products that resonate with local preferences while ensuring accessibility and customer convenience....

The India-Cyprus Tax Treaty, established in 1994, facilitates business and investment by preventing double taxation for residents of both countries, covering various taxes like income and corporate tax while promoting economic cooperation through clear guidelines....

Cyprus offers a compelling real estate market with high rental yields, favorable tax regimes, and opportunities for permanent residency or citizenship. The island's strategic location, growing economy, and diverse property options make it an attractive destination for both local and...

Understanding the import tax process from the UK to Cyprus is essential for accurate cost estimation and compliance with Cypriot regulations, especially post-Brexit. This guide covers various taxes like Customs Duty, VAT, and Excise Duty, highlighting their calculation methods and...

The article discusses the importance of understanding and avoiding tax penalties in Cyprus, providing practical tips on key deadlines, common mistakes to avoid, accurate record-keeping, and seeking professional advice. It emphasizes that timely compliance with local laws can help individuals...

The article explains the taxation of interest income in Cyprus, distinguishing between active and passive interest income. Active interest is taxed at a corporate rate of 12.5%, while passive interest incurs a Special Defence Contribution (SDC) of 17%, with certain...

The Cyprus Tax Non-Dom Status, introduced in 2015, offers significant tax advantages to foreign individuals who become tax residents but are not domiciled in Cyprus. Benefits include exemptions from the Special Defence Contribution on dividends, interest, and rental income earned...

Cyprus offers a favorable tax environment for stock investors, featuring low corporate tax rates, extensive double taxation treaties, and exemptions on capital gains from stocks. Understanding the basic principles of Cyprus' tax system—including corporate taxes, dividend income rules, and Special...

The article provides a comprehensive guide on finding the right Cyprus tax lawyer, emphasizing their importance in navigating complex and ever-changing tax laws. It outlines key qualities to look for, such as experience, specialization, reputation, communication skills, problem-solving ability, and...

Filing a tax declaration in Cyprus involves submitting detailed financial information to the authorities, with specific eligibility criteria and deadlines for individuals and businesses. This guide simplifies the process by outlining steps such as gathering documents, registering on TaxisNet, completing...

The article provides an overview of the tax implications for rental income in Cyprus, distinguishing between short-term and long-term rentals. It covers key aspects such as income tax rates, GESY contributions, VAT obligations, and special defence contribution (SDC) requirements to...

The article provides an overview of Cyprus tax law for companies in 2024, highlighting competitive corporate tax rates, special defense contributions on passive income, capital gains tax adjustments, and the benefits of double taxation agreements. It also emphasizes the importance...

The article outlines significant tax changes in Cyprus for 2024, including adjustments to individual income tax brackets and exemptions, corporate tax reforms, social insurance contributions, capital gains tax rules, land transfer fees, stamp duty rates, special defence contribution updates, VAT...

Moving to Cyprus involves understanding the local tax system, including residency rules and various taxes like income tax, VAT, and social insurance contributions. This article provides essential tips for expats on navigating Cypriot tax laws, from obtaining a Tax Identification...

Cyprus is an attractive destination for dividend investors due to its low tax rates, extensive double tax treaties, and various exemptions. Understanding the rules and benefits of Cyprus' dividend taxation can help investors optimize their returns while ensuring compliance with...

Forming a company in Cyprus offers numerous advantages such as low corporate tax rates, strategic location, and EU membership. The process involves reserving a unique company name, preparing essential documents like the HE1 Form and Memorandum & Articles of Association,...

Starting a business in Cyprus offers numerous opportunities due to its strategic location, favorable tax regime, and business-friendly environment. The process involves legal steps such as hiring a licensed lawyer, applying for a company name with the Registrar of Companies...