• Home
  • News
  • Recent changes in the tax legislation in Cyprus.

Recent changes in the tax legislation in Cyprus.

Tuesday, 22 November 2016

Petros Theodotou, founder ServPRO, Cyprus will be attending as a Speaker at InvestPro UAE Dubai 2016 with Presentation: “Recent changes in the tax legislation in Cyprus.

Why Cyprus

  • Simplified and transparent tax regime
  • 12,5% corp. tax rate with generous tax incentives
  • Strategic geographical location
  • Legal and regulatory framework
  • High level of professional services
  • Skilled workforce
  • Extensive network of DTT, 50+ countries.
  • Leading maritime center
  • Outstanding infrastructure and communications
  • European Standard of living
  • Natural gas opportunities
  • Member of EU and EMU
  • Full compliance with EU laws and regulations

Introduction to Tax Incentives

  • 12,5% corporate tax rate –one of the lowest in EU
  • Generous participation exemption regime:
  • No WHT on dividends paid from one Cy Co to another
  • Tax exemption on dividends income from abroad (conditions apply)
  • Foreign PE profits are tax exempt
  • Gains from sale of securities are tax exempt
  • No CGT or other taxes from the sale of immovable property situated outside Cyprus
  • Attractive IP regime with 80% tax exemptions
  • Favorable tax treatment of losses
  • Tax relief on foreign tax paid
  • No withholding taxes on dividends, interest and royalties paid to non-residents
  • Notional interest deduction on equity introduced
  • Competitive personal income tax rates and first employment exemptions to foreigners
  • Non-Dom status to individuals with full exemption of

SDC

  • Extensive network of DTT
  • Full access to EU tax Directives

The Cyprus Economy

  • Cyprus entered the bailout scheme in 2013 with a recession of 5,4%
  • 3 years later exited successfully the bailout scheme with a growth of 2%
  • Used only 7,25 out of the 10b Euro
  • Current challenges:
  • High levels of NPLs
  • Unemployment of >10%

ServPro Services

  • Taxation
  • Company formation
  • Accounting & financial reporting
  • Audit & assurance
  • Corporate & legal
  • Trust & trustee services
  • Advisory & consulting
  • Information technology
  • Immigration (Citizenship/Residency)
  • Immovable property / real estate
  • Economic substance solutions

Click to join  InvestPro UAE Dubai 2016

UK, LONDON

  • Phone: +44 203 519 34 84

CYPRUS

  • Phone: +3 572 200 86 84

UKRAINE

  • Phone: +38 044 501 78 87

KAZAKHSTAN

  • Phone: +7 727 350 54 74

RUSSIA

  • Phone: +7 499 705 91 98

office(at)bosco-conference.com

Callback

1000 characters left

© 2006-2020 Bosco Conference. All Rights Reserved.