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English Articles

Michalaki Pitsillidou Rozen Law Firm > English Articles (Page 5)

Cyprus is still the TOP CHOICE for Corporate

The main points of the Troika bail –out/ bail-in plan for Cyprus have been finalized, putting an end to the continuous speculations of commentators. The bail-out/ bail-in plan focuses on minimizing the expenses of the public domain by, among other provisions, reducing salaries, freezing hiring and terminating the provision for thirteenth salary. Another main section of the bail-out plan has been the increase of public income by an increase of the taxes of luxury products such as alcoholic drinks and smoke products, an increase which again will affect only locals. An increase of the corporate tax by 2,5% is anticipated within...

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Cyprus is one of the most popular locations in Europe for registering companies. A combination of factors, such as the favourable tax legislation, the straightforward corporate legislation and the country’s stable tax policy has led Cyprus into becoming an attractive jurisdiction, in which thousands of new companies set up with the Registrar of Companies every year, making the country a significant international financial centre. Cyprus has an effective and developed legal system and, as a former British colony, it is a common law country with business legislation similar to that of the UK. As Cyprus is a European Union member, a...

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Considerations when creating a company in Cyprus

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...

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International interest in Cyprus

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...

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Business Name Registration in Cyprus

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...

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Invest at the right time and place

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...

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Why To Invest In Cyprus

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...

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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...

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Special Needs Children and Divorce

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...

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What is a Tied Agent?

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. ...

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