Archive for Tag: Cyprus Tax

Using a Cyprus Investment 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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Common Preparatory Mistakes to Avoid When Purchasing a Cyprus Property

Preparing to purchase property anywhere in the world requires a lot of organisation and time, Cyprus however is a unique market, with many first time property buyers on the island falling prey to hidden pitfalls and mistakes. The Cyprus property market is continually developing and can be a great...

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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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An Introduction to Buying a Holiday Home in Cyprus

Many people buy a holiday home in Cyprus with a view to living there permanently or semi-permanently when they retire due to the many benefits of the classic, slow-paced Mediterranean lifestyle. Traditionally, Cyprus has been a sought after location for overseas buyers looking for a holiday home or secondary...

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What is the Government Mitigating the New VAT Charges on Land sales in Cyprus?

The EU is putting pressure on the Cyprus government to introduce VAT (currently at 19%) on all building and development land sales in Cyprus, or be liable to face hefty fines from the European Commission unless it implements the EU VAT Directive of 2006 into national law. Experts have...

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Property Buyers in Cyprus Waiting for Title Deeds After Court Suspends Aid

The Cyprus land registry has released its decision to suspend procedures regarding the “trapped buyers” problem that has rendered buyers of properties on the island unable to claim title deeds of the land even after rightfully purchasing the property. The legislation was designed to help these buyers obtain the...

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