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Until recently a Cyprus International trust was confidential. With no reporting, no financial audits and no particular public disclosure.
Nevertheless in order to ensure that trustees are accountable for the trusts that they control the following mandatory public disclosures
The Cyprus Department of Taxation has issued Cyprus NID 2019 rate. The rate is applied when calculating the deductible NID to specific investments
The post Cyprus 2019 NID Rate appeared first on The Cyprus Lawyer.
The Cyprus Department of Taxation has published the rates applicable for the 10 year government rate of each state, which once increased by 3%, constitutes the reference rate for the purposes of the Cyprus Notional Interest Deduction (NID) for the
The Cyprus Kazakhstan Tax Treaty has entered into force as of the 17th of January 2020. As a result, the Treaty shall have effect as of the 1st of January 2021
The post Cyprus Kazakhstan Tax Treaty appeared first on
The Cyprus Kazakhstan Double Tax Treaty has entered into force as of the 17th of January 2020. As a result, the Treaty is now in force and shall have an effect as of the 1st of January 2021. As of
In September 2015, Cyprus introduced the Notional Interest Deduction (“NID”) regime. A new and powerful tax tool provided to business enabling them to create a return on new equity injected into a local business. The return is achieved by deducting
When a foreign company is going to be operating in Cyprus it can do so by registering with the department of the registrar of companies and official receiver. In this article we will be considering the legal aspects regarding doing
The Cyprus Government has published a draft legislation on the 15th of January 2020 whereby it tries to regulate the services offered by British Insurance Companies in Cyprus. The proposed law comes to regulate British insurance Companies as well as
The Cyprus Government has published a draft legislation on the 15th of January 2020 whereby it tries to regulate the services offered by British Insurance Companies in Cyprus. The proposed law comes to regulate British insurance Companies as well as
Cyprus private companies limited by shares are required to prepare and submit to the registrar of companies an annual return HE32. The Cyprus annual return HE32 must be accompanied by: