In the summer of 2015 the Cypriot Parliament passed a law which makes Cyprus much more attractive as a country of immigration for wealthy foreigners. The Act introduces, alongside the concept of “Residence”, the concept of “Domicile”. This distinction is not known in...
Last updated: October 14, 2016 at 7:04 am As the name implies, the shareholder agreement is an agreement between the shareholders of the Limited Company. It provides certainty as to the rules, and regulates the relations between the shareholders. You should never, in...
A Limited Company pays a Corporate Tax in Cyprus, i.e., corporate income tax of 12.5% of its profit. There is no other Cyprus tax on a Limited Company’s profit. Notional Interest Deduction Since May 2015, an additional exemption applies: a tax credit for virtual...
