During July 2015, Republic of Cyprus introduced the Article 9B in the Income Tax Law (ITL), titled, “deduction on new equity”. According to this new Article, with effect from 1 January 2015, Cyprus tax resident companies are entitled to a notional interest deduction (NID) upon the introduction of new equity employed in the production of taxable income.
The NID regime [...]
Intellectual Property (IP) can be one of the most valuable assets of an organization. Therefore, choosing the appropriate regime/location for structuring the exploitation of IP assets is vital for an organization in order to achieve efficient business development, effective IP protection and maximization of tax saving.
On 14 October 2016, The House of Representatives [...]
It is time for relocation to Cyprus
According to the Section 3(2) of the Special Contribution for the Defence Fund of the Republic Law (“SDC Law”), dividends, interest and rental income earned (regardless of the source of the income - i.e. from Cyprus or from abroad) by individuals who are (i) tax residents and (ii) domicile in Cyprus are subject to SDC.
Republic of Cyprus (“Cyprus”), is an island country in the Eastern Mediterranean Sea and is the third largest and third most populous island in the Mediterranean. The total area of Cyprus is 9.251 square km with population 946.000. The island enjoys the best type of Mediterranean climate with about 300 days of sunshine per year.
Cyprus is one of most recognized busine[...]