07 September

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Considerations when creating a company in Cyprus

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Cyprus undoubtedly offers a considerably advantageous base for any business. Offering a highly beneficial taxation system (which boasts one of the lowest rates of tax on corporate profits in Europe at 10%; the exemption from corporate tax of interest income, dividend income and profits from disposal of securities and a host of double taxation treaties upon which to rely) and located at a geographically favorable position, it is little wonder that Cyprus enjoys a reputation as an international business centre of excellence. However, before a company can be created, certain fundamental decisions need to be made about the kind of legal...

06 September

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International interest in Cyprus

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Analyzing the monthly searches on particular words, finding key words people people mostly use and studying the analytics of our sites over almost a decade now has taught us a lot about what international visitors seeks in Cyprus. Cyprus is useful way is interpreted by ability investors. Time after time the net searches range primarily based on the instances. Earlier than the haircut in Cyprus 2013 there has been a massive interest in corporate services which ended in hundreds of global searches in key phrases including tax heaven in Cyprus, offshore offerings in Cyprus and different associated keywords. After the haircut, a...

05 September

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Business Name Registration in Cyprus

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What is a Business or Trade Name? A business or trade name is the term used to denote a trading call, which isn't always a legal entity. Business names can be registered in Cyprus under the provisions of the partnerships and enterprise names regulation, cap 116. Who can register a business name? a single person or a legal entity. That's the procedure for the registration of a business name? Firstly, an application for name approval should be filed at the Registrar of Companies’ Office in Cyprus. The name is subject to the approval of the Registrar of Companies, who may refuse to register it...

04 September

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Invest at the right time and place

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All interested in making an investment in Cyprus recognize approximately the numerous tax and company advantages that Cyprus jurisdiction presents. In this text we will spotlight a few most important possibilities that blessings traders considering that they take benefit of the right time and place. After the Cyprus bail in, the government has carried out a very attractive citizenship package deal which minimized the direct funding to the island from 3 to two million. The immovable assets tax has been abolished, the transfer expenses had been reduced and the forms has been facilitated so as for the investor to acquire the...

01 September

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Why To Invest In Cyprus

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Why To Invest In Cyprus Cyprus is the third largest island in the mediterranean sea with an area of 9.251 km² and a population of round 840.000 people. Due to its strategic place, Cyprus has end up a completely famous visitor vacation spot and an excellent place for attracting international businesses. The island has a sophisticated economic system and a high human improvement index (hdi) With regards to living and quality of life as it uniquely offers an enviable combination of climate, business and culture.. Cyprus is known as a safe and satisfactory area to live, with one of the lowest crime...

31 August

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Cybercrime

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Cybercrimes are criminal offenses committed via the Internet or otherwise aided by various forms of computer technology, such as the use of online social networks to bully others or sending sexually explicit digital photos with a smart phone. But while cybercrime is a relatively new phenomenon, many of the same offenses that can be committed with a computer or smart phone, including theft or child pornography, were committed in person prior to the computer age. This sub-section includes articles on cyber bullying, sexting, and a whole host of other crimes commonly committed online or with the help of computer networking...

30 August

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Special Needs Children and Divorce

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The parent with the most financial income from a career or when taking on financial projects, can be usually considered as the one tasked with paying child support for the person that has primary custody. This is usually the father, however in some instances, the mother is the person who must provide monetary support to the child. The end of a marriage is exhausting and often requires considerable effort and planning to make sure a desirable outcome is attained. This is even more accurate when custody issues must be resolved. If the child has special needs, the essential planning for custody...

29 August

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What is a Tied Agent?

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Introducing Tied Agent: A tied agent is an individual who established in a member state, who, acting under the full and unconditional responsibility of only one Investment Firm on whose behalf it acts, promotes investment and/or ancillary services to clients or provides the services of either receiving and transmitting instructions or orders, placing financial instruments or providing investment advice in respect of the financial instruments and services provided by the Cyprus Investment Firm. Key Points: Some minor changes are made to the rules relating to tied agents, including one clarifying that tied agents will be able to hold money belonging to clients. ...

28 August

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What is an Introducing Broker?

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Introducing Brokers and Forex An Introducing Broker (IB) is fundamentally an agent which introduces new clients to a Forex brokerage. In return for sending custom to a brokerage, the Introducing Broker receives a fee, with regards to Forex this is usually a certain promotion of the Spread or Commission charged by the brokerage. Supposing you are charged the amount of $3 commission on a precise Forex Trade it might be feasible that the Introducing Brokerage who refereed you to the broker would acquire over half this sum. A considerable percentage of brokerages, run Introducing Broker programs as it is able to...

25 August

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Inducements in respect of investment advice on an independent basis or portfolio management services

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DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. Member States shall ensure that investment firms providing investment advice on an independent basis or portfolio management return to clients any fees, commissions or any monetary benefits paid or provided by any third party or a person acting on behalf of a third party in relation to the services provided...

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