Recent content by CyprusLaw

The point of this forum is to form a community of like minded people to come together, discuss, form synergies, help each other etc. By all means do whatever you want to do. My only advice to everyone out there is to consult a licensed lawyer prior to setting up there own schemes, this applies...

The numerous tax incentives would still be in place, like for example tax free sale of securities, notional interest deduction, IP Box etc. Also, just to clarify the proposed tax reform, including the increase to 15%, were part of the tax reform presentation which was prepared by the Ministry...

Nominee work up to the level of the registered shareholder. You still need to disclose the UBO to the UBO registry and to the banks. Generally, only directors, secretary and address are publicly available, registered shareholders can be seen only after paying for a search over the specific...

I had clarified in the following post that my reference related to the potential imposition of social insurance, not tax. Stocks are non taxable, whether actively trading or as capital gains. But if actively trading they could have social insurance implications. Crypto on the other hand will not...

I am not sure where is the difference that you refer to, stocks are tax exempt. First of all, I mentioned that with respect to trading cryptos it appears that it will be treated as explained above, i.e. either tax exempt if capital gain, or as taxable income if actively trading. So again only...

There are automation systems that are being used by accounting firms to simplify the process.

I am biased in saying that Cyprus is a good jurisdiction for an investor to invest in or set up a business yes. But the tax reform is something based on facts, I am not going to lie about what the law is or is going to be...

Everything should be reported, as correctly mentioned below. However it will be marked as non-taxable

The tax reform is expected to take effect for the year 2026. However, things in Cyprus are always slow so we cannot be certain about this.

How exactly am I biased? Also, what is the right research for your? Reading online articles? Attaching EY's article where you will read a summary of the tax reform proposals. https://globaltaxnews.ey.com/news/2025-0579-cypriot-government-announces-tax-reform-measures

There is no such thing as an annual fee for non doms, this was never announced and never discussed. Also, all of the above, such as the CIT increase are just proposals, nothing has been passed yet, and nothing will pass until at least 2026

Just to clarify something which I believe maybe I was not clear above, in terms of taxation, trading any type of securities that falls under the exemption afforded by the income tax law would be non-taxable. However, actively trading could potentially make you liable to social security (if...

To begin with, in Cyprus capital gain taxes apply only on the gain from the sale of immovable property or from the sale of shares connected to the ownership of immovable property. With respect to stock trading/investing, holding and selling, or occasional trading falls under the ambit of...

You use a Cyprus company as a payment processor, the account of the CypCo is not in Cyprus, it would be in a foreign EMI for example.

Nowadays most of our clients prefer using EMIs like Revolut for example instead of traditional banks.