Understanding Cyprus Tax Residency and Non-Domicile Status Rules
Our esteemed law firm specializes in offering legal expertise to those seeking non-domiciled (non-dom) status and tax residency in Cyprus. Our services encompass thorough guidance and support throughout every stage of the process, including initial consultations, application submission, and ongoing regulatory compliance.
Our experienced legal and tax experts provide a range of services...
CYPRUS: Capital Gains and Immovable Property Taxation
Low taxation and straight forward bureaucratic procedures attract business people and investors from all over the world to invest in the Republic of Cyprus. Cyprus’ low taxation regime facilitates the expansion of business activities in the island.
In the current article, Michael Chambers will present some useful information about capital gains and immovable property taxation schemes in...
Online gambling jurisdictions: Malta, UK, Curaçao, Antigua and Barbuda, Isle of Man
Despite the global perspective of internet, online gambling regulations are not universal. That is to say, each region has its own jurisdictions that cover the relevant legal issues, such as licensing. For instance, the legislation in some areas permits them to grant licenses and regulate companies they run online gambling sites or supply industry services, i.e. gaming software. The...
Succession and Wills Regulations in Cyprus and EU
In Cyprus, an individual can distribute his/her estate by drafting a Will. In case, a deceased person had not prepared a Will during his/her lifetime then his/her estate will be distributing according to the Cyprus Wills and Succession Law, Cap. 195.
Precisely, the distribution of an estate could be regulated by a Will or according to the Law or both.
The Cyprus Wills and Succession Law, Cap....
Company Set Up in Offshore Jurisdictions: BVI, Belize, Seychelles and Panama.
Investors and companies around the world have been benefiting from advantageous corporate structures and favorable tax regimes for years in order to increase profitability. With the economic turmoil pushing countries to impose tax reforms, numerous companies are looking to benefit from the best possible tax planning solutions through company set up in offshore jurisdictions. In general, an...
Supreme Court of Cyprus – Update on legal actions against Bank of Cyprus & Laiki Bank “haircut”
Supreme Court of Cyprus – Update on legal actions against Bank of Cyprus & Laiki Bank,“haircut”
The Cyprus’ Supreme Court on April 23, 2013 began reviewing appeals filed against the March 29, 2013 Eurogroup’s decision to wind down Laiki bank and impose massive losses on all deposits in excess of €100.000 at both Laiki and the BoC (Bank of Cyprus). The appeals were submitted by local and...
Benefits Enjoyed by Cyprus Shipping Companies
With the global economic turmoil having a huge effect on the worldwide shipping industry, the visionary policies of Cyprus are demonstrating high levels of commitment towards ensuring the growth and wellbeing of Cyprus shipping companies. The country’s simplified registration procedures, favorable taxation regime, well-developed infrastructure and advanced safety policies have established the...
Protecting Your Assets Through Trust Formation
High-net-worth individuals with valuable possessions around the globe need effective asset protection tools to manage and safeguard their wealth, as a respond to the differing legislations and tax regulations of the various jurisdictions. A trust is one of the most effective legal tools available for anyone who requires maximum protection of their funds. It is a legal structure that allows...
Company Creation
When creating a company in Cyprus promoters will most often be given the choice of creating the company from scratch (tailor made) or buying a company that has already been created and amending it to suit their specific purposes (off the shelf).
A Tailor Made Company
Where the promoter of the company requires the company to be tailored to his specific requirements from the outset, then a...
Special Considerations in International Sales Agreements
International sales contracts constitute a specialist area of law that raise unique considerations when compared with domestic counterparts. Commercial law, responding to the requirements of the international trading community as a whole, has adapted in order to meet the special needs and problems posed by such international contracts. International sales are generally governed by common law,...