EXPLORING THE DIGITAL LANDSCAPE: UNDERSTANDING THE EU DIGITAL OPERATIONAL RESILIENCE ACT (DORA)
The Digital Operational Resilience Act The financial services sector’s heavy reliance on IT exposes entities to heightened risks of cyberattacks and operational disruptions stemming from intricate system,
LISTING ON THE CYPRUS EMERGING COMPANIES MARKET: AN UNDERESTIMATED POTENTIAL?
The Emerging Companies Market (“ECM”) is a recognised unregulated market of the Cyprus Stock Exchange (“CSE”), offering the opportunity to Cyprus and international companies to list their shares or bonds.
Immigration permit for Investors The Cyprus Permanent Residency Permit
HISTORY Due to the fact that Cyprus is part of the EU and is very strategically located at the crossroads of 3 continents,
The Management and Control Test Taxation of Cyprus and Foreign Companies
I. INTRODUCTION In this publication, we shall examine the notion of “management and control” οf companies as this is applicable in Cyprus and how it affects the taxation of Cyprus and Overseas companies. II. THE LAW Basis of Taxation A company or an individual are taxed in Cyprus, if they are residents of Cyprus, subject …
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LISTING ON THE CYPRUS EMERGING COMPANIES MARKET: AN UNDERESTIMATED POTENTIAL?
The Emerging Companies Market (“ECM”) is a recognised unregulated market of the Cyprus Stock Exchange (“CSE”), offering the opportunity to Cyprus and international companies to list their shares or bonds.
RESIDENCY OF CYPRUS COMPANIES APPLICABILITY OF THE INCORPORATION RULE AS FROM 31/12/2022
As from 31/12/2022, an important development applies as to the residency of Cyprus companies and in effect their taxation under Cyprus tax laws.
HEADQUARTERING AND BUSINESS RELOCATION TO CYPRUS
INTRODUCTION By now everybody knows that Cyprus belongs to the EU, about our unrivalled sunny days and our strategic location. This is old news. Why bring Cyprus back on the Headquartering map? Does Cyprus have something new to offer to businesses and individuals that wish to relocate their businesses to Cyprus?
The Third Anti-Tax Avoidance Directive (ATAD 3) The tombstone of shell entities
A. INTRODUCTION The European Commission on the 22nd of December 2021 published a legislative proposal for a Directive to be issued, the Third Anti-Tax Avoidance Directive, known as “ATAD 3”, which sets forth rules to prevent the misuse of shell companies for tax purposes. The Directive should be adopted early 2022 by the Council and …
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DAC6 and Hallmark E1 Use of unilateral safe harbour rules in Cyprus
The purpose of this tax bulletin is to shed some light on the use of unilateral safe harbour rules in Cyprus and specifically as to when an arrangement becomes reportable for DAC6 purposes for meeting the requirements of Hallmark E1.
The Management and Control Test: Taxation of Cyprus and Foreign Companies
INTRODUCTION With this publication, we shall explore the notion of management and control as this is applicable in Cyprus and affects the taxation of Cyprus and Overseas companies.