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Corporate clients

Corporate clients are the most common form of business organization, from small to medium sized enterprises, owner managed business to entrepreneurs. There is some vital information you should know whether you are trying to maximize profits and reduce costs effectively, like: - The proper business structure for maximum financial efficiency- The advantages of a use of offshore and onshore structures- The protection of the business- The opportunity of using virtual offices to reduce cost We can provide you advisory to analyze and apply the solution for all of these kinds of issues. We will work with you to ensure that your business is well structured and supported in a way that enables it to grow, freeing you to focus on what you do best. Multi-National Corporations (MNC) or multinational enterprise (MNE) A MNCs or ... Read More »

Ireland is expanding its network of double tax treaties

Ireland is expanding its network of double tax treatiesEven if Ireland is not officially an offshore jurisdiction and the term of offshore company is not found in Irish legislation describing company forms, Ireland is renewed as one of the best countries in the world in which to incorporate a company. One of the most compelling reasons for this is the extensive list of tax treaties that Ireland has in place.Till now Ireland has signed comprehensive double taxation agreements with almost 68 countries, of which 64 are already in effect. The agreements cover direct taxes, which in the case of Ireland are income tax, corporation tax and capital gains tax.During the last period of time Ireland is underway to negotiate new agreements and to update the existing ... Read More »

Cyprus the new gateway for EU citizenship

There is great news regarding the new options to get an EU citizenship for non-EU citizen.The latest open door to Europe is by obtaining permanent residence in Cyprus. In order to do that the non-EU nationals have to spend at least EUR 300,000 on a real estate property subject to certain requirements, prove that they have no criminal record, carry sufficient financial resources and deposit EUR 30,000 in a local bank for a period of 3 years. In just 45 days, anyone who meets these conditions can expect the permanent residence card in his mailbox. Quite simply, this means you will be able to enjoy the same advantages as everyone else in Cyprus without having to apply for any permits or renewals.Cyprus is already renowned that ... Read More »

Important updates for Cyprus jurisdiction and bank system

Cyprus reached recently this year according with the recent agreement, a series of measures regarding the tax rates.Since 1st of January 2013 the corporation tax in Cyprus is levied at a flat rate of 12.5%. Till 2013, the corporation tax rate was 10%, but in 2013 the new rate is 12.5% following the agreement for a bailout plan reached by Government of Cyprus and the European Commission, the European Central Bank and International Monetary Fund.Also, the Special Defence Contribution on interest income has been increased from 15% to 30% effective as from 29 April 2013. SDC on interest income is payable by Cypriot tax resident individuals or companies. Non tax residents are exempted from SDC. In addition, interest income arising from the ordinary carrying on of ... Read More »

Cyprus

Cyprus - Offshore Company - Overview The Republic of Cyprus enjoys a strategically beneficial location at the intersection of the traditional shipping routes between Europe and the continents of Asia and Africa. It's a hub of the busy trade routes linking Western Europe with Middle East and North Africa. While Greek and Turkish are the two official languages, English is wide spread, especially in the business community. The offshore regime in Cyprus for offshore companies has changed as part of the island's accession to EU, and as result of agreements with OECD. It also enjoys a wide network of Double Tax Treaties, becoming a dominant player for tax planning structures. Furthermore, Cyprus is renowned for its efficient, stable, and reliable banking system and effective professional sector, both ... Read More »