General obligations of a Cyprus Company Given the increasing regulations and compliance/reporting requirements set by the Authorities in the last years, it is now even more important to ensure that your Cyprus Company is fulfilling its obligations deriving from the…
Corporate Information Shares and Corporate Governance Minimum number of directors: One Nationality requirements for directors: None Corporate directors permitted: Yes Minimum number of shareholders: One Maximum number of shareholders: Fifty Nationality restrictions on shareholders: None Company secretary required: Yes…
VAT on goods (When is considered IN-OUT scope of Cyprus VAT) 1. Intra-community Sale of Goods i.e. within EU borders When a Cyprus company sells goods which are physically located in Cyprus to an EU VAT registered company…
As we are approaching the year end stock takes for business which maintain stock is a must. As per Circular 2011/3 issued on 11 July 2011 by the Tax Department all Cyprus businesses which maintained are obligated to carry out…
Notional Interest Deduction Case: LOAN RESTRUCTURING OPPORTUNITY THROUGH NID Country: UKRAINE COMPANY “LOAN RESTRUCTURING OPPORTUNITY THROUGH NID Cyprus resident Companies are entitled to a Notional Interest Deduction (NID) of up to 80% of their taxable income on qualifying new…
