A lot of things have changed unexpectedly, so it may be soon. The company can be unmanaged during person's 60 days stay in Cyprus, that's why tax office is skips these persons. It's very strange that no one has published a response from the tax office on this issue.
First time in Cyprus?
The tax office doesn't respond. They have never officially said to non-doms to keep not paying tax. They just prefer their frappe and smoke breaks over bothering mostly wealthy foreigners that bring value in other ways.
Let's take two scenarios to illustrate the difference.
Evasion is because you should have declare offshore company as resident in Cyprus and pay 10% corporate income tax for it before taking out dividends?
It's mostly banks and payment processors that ask about it. They ask for it as proof that your funds have a clean and legitimate origin. Banks don't want dirty money anymore. At least not in the same way as they did 25”“30 years ago.
Correct, except it's 12.50%.
If you become resident of new country and transfer money to new bank account there is moment where they ask? Is letter from your old bank where you wire it from enough for SOF?
Yes, that's an example. Another might be if you open a new account (without changing residence) or if your current back for some reason (randomly or mandatorily) performs repeat due diligence on your account.
In this case, do you mean that the LLC will have one member, which is the Cyprus company holding 100% of the shares? So when the LLC distributes profits to the Cyprus company, the Cyprus company will pay 12.5% tax on those profits.
I don't understand the question based on the context of the message you quoted/referred to. In that post, I was answering a question about who might conduct SOF/SOW checks.
Whatever it takes to prove that your source of funds is legitimate. Invoices, agreements, bank statements, tax returns, and so on.
They will not contact your customers, if they do, it would be the first time I have heard of that. Please let us know if they have done that.
