Tonnage tax rates
Any residual tonnage of less than 100 units of net tonnage shall be charged proportionally.
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Cancelation of Shares
It is a fundamental principle of law that a company limited by shares should only in limited circumstances reduce its share capital.
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Obligations of Cyprus Company
With the ever increasing regulation and reporting requirements in Cyprus, it is essential to ensure that your Company fulfills statutory and reporting obligations.
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Tax Residence in Cyprus replacing the 183 Day Rule
On the 28th of July 2017, the Parliament approved an amendment of the Cyprus Income Tax Law 119(I)/2017 (herein after referred to as the “Law”) extending the definition of an individual that can become a tax residence in Cyprus. The 183 day rule shall be effective from the 1st of January 2017 and replaces with…
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Companies Law Cap 113
The consolidated law relating to companies under the Republic of Cyprus
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Cyprus/ Russia Tax Treaty Protocol
The Government of the Republic of Cyprus desiring to conclude an agreement for the avoidance of double taxation on income and capital and with the view of promoting
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Methods of Closing a Cyprus Company
The Cyprus Companies Law, Cap 113 provides for three methods for winding-up a company. Involuntary winding-up by its creditors Voluntary winding-up by the members Voluntary winding-up by and/or under the supervision of the Court Alternatively, a company can be also struck-off the Register of Companies as per Section 327 of the Companies Law, Cap 113.…
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