Pursuant to the Council of Ministers’ Decision on 24th May 2013, non Cypriot Investors, can acquire the Cyprus Citizenship by Naturalization (by Exception on the basis of the Civil Registry Laws 2002-2013). The benefits of getting hold of a Cyprus passport: Free Movement of People – unrestricted travel, reside and work to the EU […]
This pamphlet has been prepared in order to explain the system of taxation in Cyprus. The information included is based on current law applicable from January 2014. The pamphlet does not contain complete information with regard to the tax system in Cyprus. Rather, it provides a general layout of the system’s structure and, for further […]
A client of ours has been mandated to help in the sale of a number of holiday resorts in Slovenia’s highly prestigious Portoroz region. These holiday resorts are owned by one specific group and the sale of the hotels has been demanded by the banks following the signing of Master Restructuring Agreement between them, according […]
World Oil Reserves Referring to the most recent estimates of the Organization of Petroleum Exporting Countries, the proven oil reserves of OPEC reached 1,200.83 billion barrels compared to 277 billion barrels in Non-OPEC countries. This means that over 81% of the world’s oil reserves originate from OPEC countries, with the Middle East region holding up […]
Cyprus has a widely respected reputation for providing quality professional services through highly qualified and skilled persons across several key sectors. However, in relation to corporate and fiduciary services, the absence of a single regulatory framework, as well as a sole regulator responsible for its enforcement, can create great confusion. This adds up to the anyway […]
In recent years a number of EU countries have introduced schemes that can lead to substantial tax benefits in relation to license/royalty payments deriving from the exploitation of intellectual property rights. These schemes have come to be known as an intellectual property rights box (‘IP box’). Cyprus by way of its IP box offers an […]
Through the years, Cyprus and the Russian Federation have developed very strong ties and cooperation bonds in areas such as economic, political and social. From an economic view the comparative advantages Cyprus has to offer as an International Business Centre combined with the favourable Double Taxation Avoidance Agreement (DTAA) in force between the two countries, […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Dimitris Sizinos of D. Sizinos & Associates LLC. Dimitris has joined IR as our exclusive Real Estate Member in Cyprus. D.Sizinos & Associates LLC is an international law firm, providing tailoredsupport to clients internationally. Our Firm was established in Larnaca, Cyprus in 2004 and […]
Considering the ever intensifying initiatives around the world against superfluous establishments, such as the so called de-offshorisation in Russia and the Base Erosion and Profit Shifting project by the OECD, the need to adopt the correct structure, with adequate resources in relation to the type and volume of business activities, becomes more urgent than ever […]
Managing a Cyprus Company has many obligations; what are these and do you comply? Kindly note that a webinar will be held on Wednesday 21/05/2014 entitled ‘Managing a Cyprus Company has many obligations; what are these and do you comply?’. The webinar starts at 11:00 EEST (Limassol / Athens). DO YOU COMPLY?With ever increasing regulations […]
Closing down a Cyprus company can be a challenging and lengthy task. The difficulties faced and time to completion depend on many factors, including how well the company has been managed through its existence, the method chosen for closing down and who performs the process. Find out about this – including the risks involved and […]
Traditionally a means of protecting family wealth through the generations, trusts have perhaps in recent times become more familiar as vehicles for tax planning and asset protection because of their adaptability and convenience in effecting complicated forms of settlement. Today trusts are mainly used for wealth management and asset protection. Trusts can be established in […]