Public Disclosure of Trusts in Cyprus Until recently a Cyprus International trust was confidential. With no reporting, no financial audits and no particular public disclosure. Secrecy and anonymity were ensured. For the following reasons Trusts in Cyprus were...
Cyprus 2019 NID Rate The Cyprus Department of Taxation has published the rates applicable for the 10 year government rate of each state, which once increased by 3%, constitutes the reference rate for the purposes of the Cyprus Notional Interest Deduction (NID) for the...
Cyprus Kazakhstan Tax Treaty The Cyprus Kazakhstan Double Tax Treaty has entered into force as of the 17th of January 2020. As a result, the Treaty is now in force and shall have an effect as of the 1st of January 2021. As of the day of writing this publication Cyprus...
Cyprus Notional Interest Deduction (NID) In September 2015, Cyprus introduced the Notional Interest Deduction (“NID”) regime. A new and powerful tax tool provided to business enabling them to create a return on new equity injected into a local business....
Foreign Company operating in Cyprus When a foreign company is going to be operating in Cyprus it can do so by registering with the department of the registrar of companies and official receiver. In this article we will be considering the legal aspects regarding doing...
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