Eligible companies All companies of foreign interest (International Business) should fulfil the following conditions in order to obtain the approval to employ third country nationals in Cyprus: The majority of the company’s shareholders have to be foreign. In case the…
CA Tsialoupis & Co would like to remind you that the provisional tax returns (IR 5/6) for the tax year 2015 are due to be completed and filed to the tax department on or before 31 July 2015. Companies that…
Statutory obligations Annual general meetings A company must hold its first annual general meeting (AGM) within 18 months of the date of incorporation. Thereafter, an AGM must be held each year and the time between them must not exceed 15…
JUNE 2015 Department of Land and Surveys Law and the Stamp Duty Law provide for the abolition of fees in certain cases On 11 June 2015 the Cyprus Parliament approved amendments to the Department of Land and Surveys (Fees and…
Cyprus has traditionally been a significant destination for the setting up of international business companies (IBCs) Factors which are taken into account in choosing Cyprus include the following: Safe jurisdiction of keeping assets through Cyprus IBCs triggers the provisions of…
Legal Form of Company Limited Liability Company (Ltd), according to Cyprus Company Law. Under the law, companies are separated into tax-resident and non-tax-resident companies. Incorporation of Company This is through your consultant in Cyprus. Only lawyers can set up a…
It is not difficult to appreciate why so many people fall in love with Cyprus and consider making it their home. There are, however, some tax and financial essentials you need to be aware of and plan for if you…
In this age of globalization many organizations including individuals have got their wings spread all over the world. In any country the tax is levied based on Source Rule and the Residence Rule. The source rule holds that income is…
On Saturday, 18 April 2015, the Parliament voted in favour of the five bills that constitute the Insolvency framework. The Insolvency framework is an essential prerequisite for the smooth continuation of the implementation of the Cyprus economic adjustment programme which…
VAT declaration – Payment/return of VAT VAT returns must be submitted quarterly and the payment of the VAT must be made by the 10th day of the second month that follows the month in which the tax period ends. (40…