Cyprus IP Box – How does it work?

Cyprus IP Box – How does it work?

Cyprus has developed a favorable regulation on the taxation of intellectual property (IP), which is now fully in line with international developments in relation to the proper treatment of license revenues and the OECD guideline. Up to 80% of the license income is...
Tax Payback on Company Capital

Tax Payback on Company Capital

As we did write in our post regarding Cyprus tax, corporate entities, under certain circumstances, can deduct a hypothetical interest on the paid-up capital of the company. This deduction lowers the taxable profit of the company. The interest is calculated either on...
Cyprus Focuses on Substance

Cyprus Focuses on Substance

Recent developments highlight the importance of substance for companies in Cyprus who wish to operate and benefit from the advantageous Cypriot tax rates. A lack of substance can mean that the benefits of having a presence in Cyprus disappear – and also that the...
Description of the Cyprus KYC Rules.

Description of the Cyprus KYC Rules.

What is the KYC procedure in Cyprus? Cyprus has been quick to adopt the Fourth Anti-Money Laundering (AML) Directive as a legislative proposal. In a bid to comply with the new reform, the following are the obligatory requirements in Cyprus: Individual Beneficial...

Cyprus Tax Residency.

Typically your tax residency is where you stay more than 183 days per year. This is also true in Cyprus. But now the government introduced a new rule: The 60 Day Rule. It is meant for the people who want to establish a Cyprus tax residency but have problems showing...