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The only official guidance from the tax office was a circular issued in 2008 and stipulated that the method to determine whether the company is a financing vehicle, was if the interest income of the year in comparison with the total income exceeded 60% and also if total interest bearing assets...

Hello Both for personal and corporate income tax, trading in financial instruments or 'Titles' (see list below) is a tax exempt activity: 'Titles' are defined as shares, bonds, debentures, founders' shares, and other titles of companies or other legal persons incorporated in Cyprus or abroad...

I would suggest to opt for a yellow slip (EU national permit MEU1) as the rights emanating from this are identical to Cyprus citizens (right to work, to stay etc). While for non-EU nationals there are various permits that can be obtained (work permit, temporary residence permit etc). Just to...

Please allow me to clarify. The Deed of contribution is a common law equitable instrument with which no formal issuance of shares is made. It is consodered non-reimbursable and non-refundable and can only be used for future share issuance. Dividends can only be declared out of distributable...

UAE has recenlty entered the EU blacklist and any transaction between Dubai and Cyprus may not be possible to be executed. Brokers for Cyprus: - Interactive Brokers -Swissquote -Saxobank

The rental income is subject to corporation tax at 12.5% rate on Company level. There is no withholding tax on Dividend disbursement. You can elect to inject the funds in the company for the property purchase in the form of a loan to get a tax allowable interest deduction. You also need to also...

Usually the domiciliation (citizenship) alone will not trigger a tax liability in the country of citizenship. However, in very few cases (i.e. US nationals) will be taxed by the US even though they have changed tax residency, but certain foreign tax credits and foreign earned income exclusions...

That is correct, staying more than 183 days will be sufficient Again this is correct. All loans between related parties must bear a market rate of interest. 'Arms length' means that any transaction shall contain terms that two market participants (non-related) would have agreed as being...

This depends on what assets you will be trading. I listed these assets on another thread. The exemptions cover both company and individual basis Please see below: A circular was issued by the Income Tax Authorities listing the financial instruments that fall within the definition of "titles"...

Yes, your understanding about taxes is correct. From an income tax prespective these are tax exempt. There is no predefined thresholds that create a requirement to register either as a self-employed or registering a company. This decision is part of the tax planning exercise by weighing costs...

The question related to potential social insurance registration in relation to the activity of trading in financial instruments on a personal capacity. In relation to the tax exemption, this is clear and has already been discussed above in detail.

This will need to be examined by taking into consideration all sources of income and evaluate the extend that trading activity will fall under the badges of trade. Happy to PM if more details are needed

Yes but there is a deemed dividend contribution every 2 years. So even if you do not distribute dividends due to the deemed dividend 70% of the distributable reserves will be considered as declared dividend and subject to special defence contribution and GESY. As you are a non-dom then only Gesy...

Hello Actually using a Cyprus vehicle for all activities mentioned above will be your best solution for a long-term tax optmised setup. For instance you can utilise the IP Box Regime and get an effective tax rate of 2.5% corporation tax. For your residency not to be affected you can become...

The Company will operate two trading activities (1) SaaS - subject to 2.5% effective tax rate (2) Trading in financial instruments/CFDs - tax exempt (unless underlying instrument is Forex) Yes this is correct but it concerns employees. You, being the owner of the company will receive tax free...

The algo trading platform will most probably qualify as a qualifying asset under the IP Box Regime but correct structuring should be performed to achieve this successfully, i.e. performing some R&D activity under the Cyprus company with contractual arrangments in place for the software...

You may consider forming a trust for asset protection, inheritance purposes, and diversification. In Cyprus we have a rather lucrative international trust law making it easy for a nom-resident settlor to create and operate the Trust. Happy to PM you if this option applies for you

I dont see any major exposures on obtaining the non-dom without a company. However, the first step before getting a tax number and non-dom certificate you will need to apply for a visa and in order to do so there are some requirements that you need to fulfil. Happy to PM if you need more info

I can verify that @Sols is correct. However, just a small correction, It will also apply for a Cyprus national in case its domicile of choice was abroad and lived abroad for a consecutive 20 years time. For a foreign national the non-dom status can be achieved via 60days or 183days route with...

Usually service providers offer reg. Office address on an annual basis similar to nominee directors service. Of course there are substance requirements that need to be fulfilled. This means rebting/purchasing physical office space and have employees on payroll. In most jurisdictions ,the...