hmmm, not sure if I would relay on that https://www.ey.com/Publication/vwLU...s adopts legislation implementing EU ATAD.pdf
Fake. In accordance with the Cyprus income tax legislation, a company is considered to be tax resident in Cyprus if it is managed and controlled in Cyprus. Otherwise Cyprus would be a perfect tax heaven.
But you have to maintain a rent contract for the whole year which costs quite a few
You can stay the 60 days in diferents stages. Is 60 days on the calendar year. So if you want to spend 1 month now and other month after summer it will be ok. Cyprus is not Shenguen territory. So your entry will be controled by your ticket fly and with control passport or ID. When you enter in Larnaca or Paphos airport your ID will be scanned. Once scanned your ID document your receive a printed ticket on the same machine scanner, giving you the welcome to Cyprus Mr. XX. And when you exit idem. Keep these tickets. It's other proove as your date stay. When you will request a tax resident certificate you will must to bring your copy ticket flys and tickets of welcoming and they will verificate it with the entry and exit police register. Very easy
exact. That's is so my accountant confirm me.
Thanks, very helpful reply.
It won't be taxed. He is just working temporarily as a contractor. Imagine some big company sends their workers abroad for a short period of time. He would stay in Cyprus for 2 months or so (to be tax resident) and less than 183 days in any other country.
Temporary work is taxable in most countries. He should check with the tax office in the country he'll he working in.
From your link:
you need a stable rental contract. At least for one year on the lease agreement. In theory is the minimum time solicited
To have an idea about the prices you can check the web bazaraki. If you have a company, the rental payment is deductible. With a good accountant you can deduct almost 70% of your benefit over a turnover 80K.The rental address it can be your home but also your office. So you can deduct it + your salary. If you have your address office and a worker/employee, (for exemple yourself), you automaticly have a substance. Subleasing is very factible. But you need to find in this case somebody who can do sublease and subcontract also a utility bill. I mean to put an utility to your name. This is the part a little hard to find if you sublease, But it's important to get a utility bill because it will be a proof residence. To prove a residence in a bank you will need an address, an utility bill and a TIN
google:
yes, it is, as andres33 said in the post above
you can always open the local company as a subsidiary of the Cyprus Ltd.
