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All newsControlled Foreign Companies (CFCs) in Russia: What’s Important to Remember Before Moving to Cyprus Moving to Cyprus does not automatically relieve you from tax obligations in Russia, especially if you still retain your Russian tax residency. One of the most sensitive issues is reporting on CFCs (Controlled Foreign Companies). Missing deadlines or procedural requirements can […]
Cyprus IP Box Regime: 2.5% Tax on Intellectual Property Income In a world of tightening international tax regulations, finding a legally robust and transparent tax incentive is a rare advantage. The Cyprus IP Box regime is one of the few remaining compliant structures in Europe that offers a significant benefit to innovators, tech entrepreneurs, and […]
Cyprus Prepares to Accept Applications for the EU Blue Card Cyprus is getting ready to launch the EU Blue Card program. According to our information, the migration service will start accepting applications in mid-summer. As a reminder, the EU Blue Card is a residence and work permit that allows highly qualified third-country nationals to live […]
Buying property in Cyprus can be a profitable investment, but it’s also a legal process with mandatory fees. One of these fees is stamp duty, which is an obligatory payment. Although the amount may seem small, mistakes or late payments can lead to fines. Let’s take a closer look at how stamp duty works, who […]
On Wednesday, February 26th, the President of Cyprus was presented with the key proposed tax changes, which will form the foundation of the upcoming tax reform. Here are the most significant updates: Dividends & Corporate Tax: Abolition of the “deemed dividend distribution” system. If you need a refresher on what this means, check our post […]
When drafting a Will in Cyprus, one of the key roles is that of the Executor—the person responsible for ensuring that the wishes of the deceased are carried out. Usually, duties of the Executor go far beyond simple administrative tasks. What are responsibilities of the Executor? Below are some of the key responsibilities an Executor […]
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