I need help choosing where to incorporate
- Thread starter Max2017
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Apologies for reopening such an old thread, but when I compare what was written back then, over 8 years ago, with some of the threads today, it seems that Cyprus remains a popular destination for people, despite︀ being part of the EU.
Can it really be true that nothing has changed there︁ in terms of tax optimization?
Can it really be true that nothing has changed there︁ in terms of tax optimization?
A lot has changed, so it’s not correct to say it hasn’t. Cyprus just finds it incredibly difficult to enforce all the tax regulations, or at least they don’t enforce them, leaving room for many loopholes that people take advantage of.
As the years go by, they’ll likely be under much more pressure to get things in order, but I assume it will take a long time, many years or until a major scandal hits the press. Not before.
As the years go by, they’ll likely be under much more pressure to get things in order, but I assume it will take a long time, many years or until a major scandal hits the press. Not before.
Apologies but I don't agree with you. Cyprus offers tax incentives, mainly for foreign investors. For example, corporate tax at 12.5%,︀ free dividends due to the non-dom programme, it also has the IP box regime to︁ attract tech companies. The incentives that exist in Cyprus are perfectly legal, therefore it is︂ not a matter of "loopholes"
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