Apply to Cyprus Securities & Exchange Commission

Those applying to CySEC for a CIF license are required to include an operation manual consisting of company procedures and policies, a business plan, questionnaires answered by the company’s board members, shareholders and managers as well as the company’s organisational structure.  The CIF’s board is required to comprise of two executive directors or more as […]


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Cyprus & India Tax Treaty

The amended Cyprus & India Double Tax Avoidance Agreement will come into complete effect in April 2017 as announced by the Central Board of Direct Taxes (CBDT) in India. Based on the CBDT’s recent announcement, both parties have informed each other that they have completed the ratification procedure concerning the amended agreement. The amended treaty […]


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CySEC proposes reforms for Binary Options Trading

The Cyprus Securities and Exchange Commision (CySEC) has been concerned with the deficiencies of Binary Options trading and the lack of sufficient protection towards investors. For this reason it has released a consultation paper with the proposed 5 key reforms to eliminate the problems lying within the current framework and at the same time institute […]


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Cyprus amends Intellectual Property Box Regime

Intellectual property box regimes are special tax regimes used by countries to provide incentives for research and development by taxing patent revenues different than other commercial incomes. In the Brisbane summit back in September 2014 a proposal was made by Germany and the UK in order to reach an agreement on a single mutual approach […]


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How can someone be a Cyprus tax resident & be non-domiciled?

We have already outlined in previous articles the benefits, especially those related to tax, foreigners obtain when becoming a Cyprus tax resident. Today we will name all the documents required to be submitted to the Cyprus authorities in order to become a tax resident. The Cyprus authorities want proof that the applicant maintained a domicile […]


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Tax amendments for non-domiciled Cyprus individuals

After the amendments made in 2015 the payment of Special Contribution for Defence on income for non-domiciled Cyprus individuals was terminated. Non-domiciled Cyprus individuals are exempt from the SCD contributions on rental income, interest and dividends. This is applicable even if the individuals are Cyprus tax residents. This is applicable regardless of the origin of […]


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2017 Cyprus Property Taxation

Numerous alterations have been made to Cyprus’ property tax lately. Below we have outlined how these changes will potentially benefit or influence Cyprus property holders. The changes made to the taxation will be in effect in 2017. It is mainly believed that the latest alterations made to property taxation in Cyprus will benefit both existing […]


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Notional Interest Deduction Rate

Notional Interest Deduction Rate (NID) Calculations Concerning Equity Capital Implemented in 2015 & 2016 The government of Cyprus implemented a Notional Interest Deduction (NID) in July 2015. The NID concerns equity capital, paid up share premium and share capital, introduced in foreign companies’ permanent establishments and companies intended for financing assets on 1 January 2015 […]


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Cyprus Citizenship

The Cyprus Citizenship by Investment Programme was recently amended. The particular programme grants Cyprus Passports. It is noteworthy that the sum of €2 million minimum investment is accepted under the condition the funds are invested in residential property. Each residential property must be worth €500,000 or more and must be registered as the private resident […]


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New Cyprus-Iran Double Tax Treaty & Benefits

Cyprus and Iran approved a new Double Tax Treaty in August 2015. Due to the friendly tax regime and wide Double Tax Treaties network, Cyprus is viewed as the ideal jurisdiction to conduct business and invest in as well as out of Iran. Outline of Cyprus Tax Regime Cyprus & Iran Double Tax Treaty In […]


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