Introduction The establishment of a Cypriot Company has numerous advantages and uses, and with the correct and proper structure, it can offer to its shareholder(s) a comprehensive tax-efficient method to conduct business internationally. Cypriot Companies are governed under the Cyprus Company Law, Chapter 113 (“CAP 113”), law based on the UK Common Law principles, aligning…
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Introduction: Cyprus has been one of the first EU member states to transpose the Alternative Investment Fund Managers Directive into national law, as a result it now offers an effective and flexible legislative framework for all types of Investment Funds. Furthermore, the smooth collaboration between the competent authorities and the service providers in the…
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A. INTRODUCTION The provisions of the EU Directive 2011/16 are amended with the introduction of the EU Directive 2018/822 on Administrative Cooperation (DAC), regarding the mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements. This represents the 6th modification of DAC, and for this purpose it is referred…
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Cyprus Permanent Residency Permit (Fast Track): New amendments were announced on the 26th of March, 2021 by the Cyprus Government. The minimum investment amount remains the same 300,000 Euro + VAT (if applicable), but new investment options are now available. The investors are now provided with the option to invest not only in new residential…
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The Non-Habitual Residence (NHR) Programme The Portuguese NHR program was recently (2020) updated in an effort to starch foreigners to Portugal. Successful applicants of NHR can be enjoy decreased income tax on particular foreign income for 10 years. Eligibility for the NHR requires that applicants: * Are existing taxpayers but have not been tax residents…
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We are delighted to start the new year 2021 as the chosen winners of the 2021 Corporate INTL Magazine Global Awards as the “Citizenship and Residency by Investment Law firm of the Year in Cyprus-2021”. Our firm was chosen as the winner among 5 shortlisted law firms in the category of “Citizenship and Residency by…
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IntroductionAn Investment Fund can be defined as a collective investment undertaking raising external capital from a number of investors with a view and purpose of investing it in accordance with a defined investment policy for the benefit of those investors.Procedure Initially the establishment and incorporation of a Cyprus company is required in order to obtain…
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Naturalisation is the legal process that allows a foreign national to obtain Cypriot Citizenship once she or he has met the legal criteria. In Cyprus dual Citizenship is allowed as there is no restrictions under the Civil Registry Law 2002 neither by the Treaty concerning the establishment of the Republic of Cyprus 1960, which means…
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Introduction Cyprus is an island in the Eastern Mediterranean, situated at the crossroads of three continents and civilizations and has been a member of the European Union since 2004 and adopted the euro in 2008. Cyprus’ strategic location has established it as a prominent business hub for worldwide organisations. The island is known for its…
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Τι σημαίνει ο όρος «εγκλωβισμένος αγοραστής»; Ο όρος «εγκλωβισμένος αγοραστής» χρησιμοποιείται στην περίπτωση την οποία ένας αγοραστής ακινήτου έχει καταβάλει το σύνολο του τιμήματος πώλησης και συμμορφώθηκε πλήρως με τις υποχρεώσεις του, όπως αυτές απέρρεαν από τη σύμβαση πώλησης, και ενώ κατέθεσε αυτή στο Κτηματολόγιο για σκοπούς ειδικής εκτέλεσης δημιουργώντας εμπράγματο βάρος επ’ αυτού, παρόλα…
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