Archive for Category: Companies & Businesses

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Business & Shop Owners in Cyprus: Right to Peaceful Enjoyment of Premises

 As per the relevant Contract Law in Cyprus, a business tenant leasing a premises under contract or statute, has the right to “peaceful enjoyment and unobstructed use of the property” without any interference by the landlord, regardless of the type of tenancy agreement or kind of business or store...

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Which European Countries are Offering Citizenship for Investment?

The passport-via-investment market first came into existence in the 80's, when the exotic islands of St Kitts & Nevis first decided to bring additional foreign investment into the country in return for passports. Countries across the world copied the concept with their own schemes to provide foreign investors with...

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Using a Cyprus Limited Company LLC as a Special Purpose Vehicle

Have you ever thought about purchasing real estate as an investment in Cyprus or abroad? Foreign tax jurisdictions are growing increasingly complex and strict in constantly finding new ways to challenge the effectiveness of tax structuring via global financial centres and how they’re regulated by foreign authorities. Unsurprisingly such...

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Why do Russian Businesses Enjoy Doing Business in Cyprus?

Russian businesses and Entrepreneurs alike have always been interested in Cyprus as a business centre, mostly due to its tax regime, with double taxation agreements included, European Union membership, and Russian amiability, a study has found. Russia Doing Business in Cyprus 2017: Measuring Quality & Efficiency reported that 85%...

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Everything you Need to Know About Corporate Taxation in Cyprus

The corporate taxation rate for Cyprus is 12.5%. Certain income types are also subject to a special contribution for defense. If you have recently set up your business entity, you should ensure that to do the following soon after incorporating: Register for company tax. Keep accounting records. Prepare a...

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Buying a Permanent Home in Cyprus for Relocation & Living

Who can buy property in Cyprus? If you are planning to permanently relocate, or use your Cyprus property to live permanently, there are many tax advantages to owning only one property and making yourself a permanent tax resident. EU citizens have the right to live and work anywhere within...

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Strong Growth Prospects for Cyprus: 2017 Economic Update

Cyprus is currently undergoing a broad based recovery, with assurance and stability returning after three years of ruthless reforms and austerity measures to stabilise the financial sector and refine public capital. Economic growth on the island is now driven by stable consumption and a vibrant tourism sector. Let’s look...

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Who are the main runners in the bidding war for the Paphos Marina project?

The Paphos Poseidon consortium whose plans to build a new marina were rejected, have stated they will launch an appeal with the Cyprus Supreme Court, citing unlawful decision making. Poseidon’s bid was recently rejected by the Marine Management Committee after the Chamber of Commerce in Paphos claimed the consortium...

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