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    What can you write off in a Cyprus Limited?

    I got a quote of 2000€ from a local accountant for a yearly audit of my company. We aggreed that i will do Bookkeeping myself, as i have experience with it. These are the other prices: ο Preparation of ΙR 63 and IR7 : €200+vat Per Year ο Completion and submission of ΗΕ32 : €100 per...
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    What can you write off in a Cyprus Limited?

    Since turnover means revenue, i should be over that. Is there a way to know which person is performing your audit? Thank you I´ve let ChatGPT study the tax document and then asked it what is deductable in my case and whats not. There seems to be little to no difference when i compare it with...
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    What can you write off in a Cyprus Limited?

    Hey Tax Optimizers, I've followed through on my decision and relocated to Cyprus ”” got myself an apartment, set up a Cyprus Limited company, opened bank accounts, and I'm spending several months a year here. So far, everything's going smoothly. Since accounting can be quite expensive, my plan...
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    I´ve done both. Found a really good lawyer who gives me a registered address for 250€ / year
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    Use parents or friends address, or buy a flat literally anywhere where it doesnt trigger tax. Or use truelease and other services. Easy going mate
  6. H

    Cyprus to raise corporate income tax to 15% for all companies

    But how often do you get an audit in cyprus for your tax filings? From what i heard its very very unlikely. Only VAT authorities might come once in a while
  7. H

    Cyprus to raise corporate income tax to 15% for all companies

    Just as im moving there in 25 days, they increase the tax.. But i will be honest 2.5% wont hurt much, even if you were to deduct a bit "too much" from your business expenses to compensate for that, would you even ever get an audit there?
  8. H

    Cheapest & Best way to get car in Cyprus?

    Tbh renting for a few hundred would be fine for me because when i first arrive there it would be a headache to visit used cars to buy. Just anything over 400/m is too much for some small used car. I still think you can negotiate because some appartments on bazaraki even say "negotiable", so i...
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    Cheapest & Best way to get car in Cyprus?

    Whats up guys, I´m moving to CY in April and the expenses start to rack up. I will be there for 5-7 Months / year. On the Island its extremely important to have a car, which is why i am asking you people what your experience is, where you can get the best car for your money. I am interested...
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    PayPal Fees how can I reduce them

    Did you just apologize for replying 16 years later? lmao
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    I´m 90% leaning towards paphos, since its much more green and has better beaches than larnaca. However villas only make sense if you can move in with someone else, so i need to connect with some people
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    Tax experts are always welcome, shoot me a DM if you´re able to do that
  13. H

    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    Tax things aside, I´m looking at the rental property market and 1-2 bedroom appartments are ridiculously high priced in cyprus right now compared to big villas with a pool. We´re talking 1000 - 1.300€ for a decent single appartment and 1.200€ - 1800€ for a great villa. I´ve made up my...
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    Actually had a paid meeting with this guy a few weeks ago. We basically came to the conclusion that i should incorporate in cyprus and do the whole setup there. He basically said every proof like tax residency, apartment, company is better than no proof. We only talked about that setup tho...
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    Thanks, i got it. So the 60 day thing offers no more protection than just being no tax resident at all... That´s a bummer since i talked to a specialized accountant who recommends this setup to just be 60 days there, have the tax residency and you´re golden. But you´re right the cyprus law...
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    I dont think i would like to stay in bulgaria. Only good thing is that i could get a nice car and drive, still not for me. This means, in case germany wants to go after me - if i dont have ties there and have a rented appartment in some DTA country, then the country with the appartment would be...
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    100k profit 2024. Before that it was way less (below 30k). Not a freelancer, real online business. May i ask what your structure is? What if i destroy the desk everytime i leave and then get a new one when i arrive? Jokes aside how would they ever know that? How would they even know i worked...
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    To cover most private relationship needs i would need to spend 3 months in germany (12-14 weeks). Rest i would like to have somewhat of a base. As said Cyprus is attractive to me for that, also from a quality of life and community standpoint. I can easily stay at that base 5 months and the...
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    Digital Nomad Perpetual Traveler + Apartment in Cyprus = tax ?

    So Seychelles company on IBO that pays me dividends would be protected by DTA? Cyprus tax lawyers alsways tell me Seychelles banking will give you problems. Are they right or just saying that to sell their cyprus limited?

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