Cyprus Investment Programme
|
|
- Shon Mosley
- 5 years ago
- Views:
Transcription
1 Cyprus Investment Programme September 2018
2 Cyprus - An ideal location for a personal / business base Cyprus is the 3rd largest island in the Mediterranean with an estimated population of The strategic location of the island helped to establish Cyprus as a business hub and a very attractive tourist destination Strong availability of multilingual, high quality professionals across various competencies, mainly UK and US educated Cyprus has the highest percentage of University graduates per capita in Europe Workforce Location EU Member International Business Cyprus has been a Member State of the EU since 2004 Cyprus is an ideal base for Regional Headquarters Cyprus has a modern transparent and efficient tax system Pro-business legal framework modelled on the English Common law system Corporate tax rate of 12.5%. Strong double tax treaty framework with more than 60 countries Cyprus offers excellent healthcare services with a large number of public and private hospitals Cyprus has been historically offering high quality international schooling from kindergarten to university Healthcare & Education Cyprus offers a combination of a strong business environment and a great lifestyle Cyprus is ranked as the 5th safest country in the world It is the sunniest country in Europe with over 324 days of sun annually Lifestyle Infrastructure Company Set up Very easy to set up a company in Cyprus Very easy to operate a company in Cyprus (i.e. dividend distribution, e-participation in board meetings, redomicile, set up a joint venture etc) Cyprus has a highly developed infrastructure (i.e. technology and telecommunication) Air transport links have been growing and today more than 70 airlines fly to and from Cyprus Economic Criteria Investment type Investment of 2M (excl. VAT) Residential property of * (excl. VAT) Total Investment (excl. VAT) A.1 Investment in real estate, land development and infrastructure projects - Residential properties* 2M - Commercial properties / Land development / Developments in the tourism sector / Combination A.2 Purchase or Establishment or Participation in Cypriot Companies or Businesses A.3 Investment in Alternative Investment Funds or financial assets of Cypriot companies / organizations licensed by CySec A.4 Combination of the aforementioned investments - including investments in special Government Bonds of the Republic of Cyprus up to *At least one residential property must be at the cost of (excl. VAT)
3 Legal Basis of the Programme On the basis of the relevant Council of Ministers Decision (dated ), non-cypriot Investors can acquire the Cyprus Citizenship by Naturalization (by exception on the basis of the Civil Registry Laws of ). Subsequent relevant Council of Ministers Decisions: and PwC is a Registered Citizenship Service Provider in the Registry of Citizenship Service Providers with Reg. No Terms and Conditions of the Programme Adult applicants must hold a Residence Permit in Cyprus for at least 6 months prior to acquiring the Cyprus Citizenship Applicants must hold a permanent residence in Cyprus of minimum (excl. VAT). The residence must be kept for life Additionally, adult applicants must hold a Clean Criminal Record from the country of origin and the country of residence, if they differ. Their names must not be included in the list of persons whose property is ordered to be frozen within the EU Investments need to be kept for at least three years from the date of Naturalisation. In case of purchase of immovable property under construction, the 3-year period will start to count from the date of issuance of the Planning Permit Key Information The final approval for Citizenship is granted by the Cyprus Council of Ministers, which has complete discretionary power A threshold of 700 approvals per year is in force (main applicants) The review process by the Competent Authorities is around 6 months The investor and the Service Provider supporting him/her, must comply with the Code of Conduct governing the Cyprus Investment Programme Main applicant and his/her spouse apply jointly. Upon approval, the applications of the children and main applicants parents follow A due diligence report on adult applicants must be submitted as part of the application Investments need to be concluded with fresh funds from abroad Upon completion of an eligible investment by a Cyprus company, a high-ranking senior manager employed in this company may apply for Citizenship. He/she must receive such a remuneration that generates for the Republic tax revenue of at least for a 3-year period, and he/she buys a permanent residence of (excl. VAT)
4 Our A-Z core offering includes Advise on the required economic criteria and conditions, required steps and application requirements Advise and assist the applicant to comply with the requirements of the Programme and the Code of Conduct Complete a comprehensive due diligence review on the applicant Assist with identifying options for investment for all eligible economic criteria Undertake legal overview of purchase agreement and / or of relevant documents Complete a due diligence on the permanent residence / other real estate chosen Assist with examining tax implications arising from the investment Pre-clear issues as required prior to finalising the investment Assist with setting up vehicles to hold the investments Assist with the execution of all investments including liaison with banks Assist with the preparation of required documents and the application pack in line with the required quality standards On-going monitoring of the application and briefing of the investor When approval by the Council of Ministers is granted, personal support to the investor and his/her family in obtaining the Cyprus Passport and Identity Card We can also support you on the below:* Identify and select the most suitable Alternative Investment Funds ( AIFs ) approved for the Programme, or other eligible investments in financial instruments, and provide administrative support to execute such investment(s). These services shall be provided by the PricewaterhouseCoopers Investment Services (Cyprus) Ltd High level analysis of a sector/industry(ies) in Cyprus, the investor is interested to invest in. Identification of suitable targets eligible for the Programme and introducing these to the investor. Provide assistance to the investor on the buy side process Structuring of investments in a tax and VAT efficient manner Prepare and submit to the authorities, the application for the 5% VAT deduction approval Assist to assess the further use of Cyprus as a business base (examining your structures, substance etc) and/or as a personal base (assessing your case vis a vis available tax regimes in Cyprus such as the non-doms tax status) *The above list is non-exhaustive
5 What we bring to you Objective and independent advice Specialised advice on all core areas offered by our dedicated teams: PricewaterhouseCoopers Investment Services (Cyprus) Ltd, a Cyprus Investment Firm licensed by CySec S.A. Evangelou & Co LLC ( Legal Services) RICS Real Estate Qualified Consultants Immigration, Tax, Funds, Private Wealth and International Private Clients experts Significant experience with all economic criteria Large number of cases approved and a 100% success track record Transparency and credibility with the Competent Authorities
6 In addition to Citizenship Services, the PwC Multi-Family Office (MFO) team offers a cost efficient solution that covers all circles of family wealth Assistance in the design/review of Investment Policy Statement Investment manager procurement Investment manager monitoring & evaluation Consolidated wealth reporting Proprietary credit methodology to assess counterparty/strength analysis Treasury services Succession planning Family governance Family education Corporate and international tax planning and asset protection Estate planning Asset and gift planning Charity and philanthropy services Luxury assets advice (e.g. art, yacht and aircraft investments) Investment services Specialised advice and advanced planning PwC MFO Compliance reporting and monitoring Lifestyle services Integrated services related to all aspects of the corporate cycle of establishment, staffing, accounting to compliance Compliance reporting Secure physical safekeeping of documents Budget and cash flow management Wealth reporting & monitoring Provision of support on immigration compliance and set up of a local office Concierge /Pathfinder services Talk to us Theo C Parperis Partner Head of Tax & Legal theo.parperis@pwc.com Tony Hadjiloucas Partner In charge of Private Wealth Services tony.hadjiloucas@pwc.com Phryni Yiakoumetti Director Private Wealth Services phryni.yiakoumetti@pwc.com PricewaterhouseCoopers Ltd PwC Central, 43 Demostheni Severi Avenue, CY-1080 Nicosia, Cyprus P O Box 21612, CY-1591 Nicosia, Cyprus Tel: , Fax: City House, 6 Karaiskakis Street, CY-3032 Limassol, Cyprus P O Box 53034, CY-3300 Limassol, Cyprus Tel: , Fax: PricewaterhouseCoopers Ltd, is a Registered Service Provider (No. 221) eligible to provide Citizenship Services. Please refer to the website of the Ministry of Interior for further information issued by their end The above are in accordance with the Council of Ministers relevant Decisions and any other official documents issued by the Competent Authorities. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors PricewaterhouseCoopers Ltd. All rights reserved. PwC refers to the Cyprus member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see structure for further details.
Citizenship by Investment in Cyprus
Citizenship by Investment in Cyprus July 2017 New attractive legislation is in place which makes obtaining the Cyprus/EU Citizenship even easier. The relevant scheme grants approvals within 3-6 months.
More informationCyprus Citizenship by Investment
Cyprus Citizenship by Investment Criteria and benefits of the: - Cyprus citizenship programme - Cyprus permanent residence October 2016 www.cyprusresidence.com.cy Cyprus, the right place to live the right
More informationCyprus EU Citizenship By Investment
Cyprus EU Citizenship By Investment CYPRUS EU CITIZENSHIP BY INVESTMENT Cyprus became a member of the European Union in May 2004 and joined the EU Monetary Union in 2008 Cyprus has a stable legal and tax
More informationSCHEME FOR NATURALISATION OF INVESTORS IN CYPRUS BY EXCEPTION on the basis of subsection (2) of section 111A of the Civil Registry Laws of
SCHEME FOR NATURALISATION OF INVESTORS IN CYPRUS BY EXCEPTION on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2015 One of the main objectives of the economic policy of
More informationSetting up in Cyprus Helping you find your way
www.pwc.com.cy Setting up in Cyprus Helping you find your way Our Pathfinder Services November 2017 Roadmap for setting up & operating in Cyprus At set-up stage* Planning Company formation/ Business registration
More informationAcquiring the Cypriot Citizenship Cyprus Investment Programme
Acquiring the Cypriot Citizenship Cyprus Investment Programme The existing Cyprus Citizenship Program, updated in September 2016, enables non-cypriot citizens, entrepreneurs, investors and their immediate
More informationAcquiring the Cypriot Citizenship
Acquiring the Cypriot Citizenship Cyprus Investment Programme The existing Cyprus Citizenship Program, updated in September 2016, enables non-cypriot citizens, entrepreneurs, investors and their immediate
More informationCyprus - enhancing corporate and personal tax competitiveness
www.pwc.com.cy Cyprus - enhancing corporate and personal tax competitiveness September 2015 Cyprus at a glance The 2013 Knight Frank Report ranked Cyprus as the 5th best place for lifestyle among major
More informationCYPRUS INVESTMENT PROGRAMME
CYPRUS INVESTMENT PROGRAMME on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2017 One of the main objectives of the economic policy of the Republic of Cyprus is to further
More informationObtaining Cypriot citizenship by investment
Citizenship by investment Cyprus Obtaining Cypriot citizenship by investment Cyprus offers one of the most attractive citizenship schemes with full rights as a European Citizen Cyprus is at the crossroads
More informationCyprus Citizenship by Investment
Cyprus Citizenship by Investment Revised Scheme for Naturalisation of Investors in Cyprus by Exception January 2018 Cyprus Citizenship by Investment The Ministry of Interior on the 13/9/2016, having as
More informationTAX CORPORATE SERVICES ACCOUNTING
TAX CORPORATE SERVICES ACCOUNTING At Savva & Associates, our vision is to be the premier Professional Services provider in Cyprus. Since 2010, we have been the fastest-growing professional services provider
More informationScheme for Naturalization of Investors in Cyprus by exception
DECEMBER 2016 ISSUE 5 [STORY TITLE] [Story Subtitle or summary] Scheme for Naturalization of Investors in Cyprus by exception Invest in Cyprus Cyprus is the third largest island in the Mediterranean Sea,
More informationSetting up in Cyprus Helping you find your way
www.pwc.com.cy Setting up in Cyprus Helping you find your way Our Pathfinder Services Whether you might be considering to enhance your presence in Cyprus or set up an office from scratch, our multi - disciplinary
More informationflexi Obtaining of Cyprus Citizenship consultants
flexi consultants Obtaining of Cyprus Citizenship www.flexi-consultants.net Cyprus a place to live!!! Cyprus combines an international competitive business environment with a pleasurable and balanced way
More informationCYPRUS INVESTMENT PROGRAMME. CA Advocates (Pourgoura & Aspri LLC) Cyprus
CYPRUS INVESTMENT PROGRAMME CA Advocates (Pourgoura & Aspri LLC) Cyprus The Cyprus Jurisdiction: Still Attractive? Agenda: Cyprus in Brief Cyprus Jurisdiction A general overview Why choose Cyprus? Cyprus
More informationOBTAINING CYPRIOT CITIZENSHIP BY INVESTMENT
OBTAINING CYPRIOT CITIZENSHIP BY INVESTMENT An increasing amount of non-eu citizens are obtaining Cypriot citizenship which enables them to become full EU citizens with the right to work and reside anywhere
More informationCITIZENSHIP BY INVESTMENT
1 CITIZENSHIP BY INVESTMENT A W O R L D O F O P P O R T U N I T Y I N Y O U R H A N D S W h y I n v e s t i n C y p r u s The Cyprus Investment Programme (CIP) is now considered to be one of the most reputable
More informationIn addition, the applicant must fulfill the Terms and Conditions set out in Part B.
COUNCIL OF MINISTERS DECISION dated 13.09.2016 published in the official gazette of the Republic of Cyprus on 16.09.2016 REVISED SCHEME FOR GRANTING CYPRUS CITIZENSHIP TO INVESTORS IN CYPRUS BY EXCEPTION
More informationwww.dhadjinestoros.com D. Hadjinestoros & Co LLC is a Lawyers Limited Company registered in Cyprus with registered office Address: 16 Kyriacou Matsi Avenue, Agioi Omologites, Eagle House, 8 th Floor, 1082,
More informationCONNECTEDSKY LEGAL & CORPORATE CONSULTANTS LIMITED. Citizenship & Residency Schemes, and investment Opportunities in Cyprus
CONNECTEDSKY LEGAL & CORPORATE CONSULTANTS LIMITED Citizenship & Residency Schemes, and investment Opportunities in Cyprus Table of contents 1. Introducing ConnectedSky 2. Why Cyprus? 3. Citizenship and
More informationCyprus: (1) Citizenship (2) Permanent Residency (3) Real Estate (4) Tax Residency and Tax Incentives. Greece: In General & Investment Opportunities
Cyprus: (1) Citizenship (2) Permanent Residency (3) Real Estate (4) Tax Residency and Tax Incentives Greece: In General & Investment Opportunities 1 Key Benefits: Free Movement of People: The Successful
More informationCyprus Citizenship by Investment
Cyprus Citizenship by Investment Seize the opportunity! www.fides-corp.com 1 Welcome Welcome to Cyprus, an island loved by its citizens and chosen by expatriates as the home of their heart. With a total
More informationYOUR ACCESS TO EUROPE CYPRUS INVESTMENT PROGRAMME
YOUR ACCESS TO EUROPE CYPRUS INVESTMENT PROGRAMME August 2018 Cyprus Benefits of Cyprus Passport Imperio Properties x2 General Information Cyprus has a perfect geographical location situated at the crossroad
More information1 O u r P h i l o s o p h y C u s t o m e r s S a t i s f a c t i o n!
1 O u r P h i l o s o p h y C u s t o m e r s S a t i s f a c t i o n! CONTENTS Cyprus Facts 02 About our firm 03 Our services 04 Citizenship 05 PR VISA 06 TR VISA 07 CY Company 08 While in Cyprus 11 CYPRUS
More informationThe Cyprus Investment Programme for Foreign Investors
The Cyprus Investment Programme f Feign Invests TPNominees & Chronicle docs certified M0004.zip Sept 2016 Legal Framewk: On the basis of a Council of Ministers revised Decision (dated 13 September 2016),
More informationThis article/guide is intended to provide the reader with information on the policy of the Government dated 13 th September 2016 on the:
This article/guide is intended to provide the reader with information on the policy of the Government dated 13 th September 2016 on the: NATURALIZATION OF INVESTORS IN CYPRUS BY EXCEPTION DESCRIPTION OF
More informationOUR FIRM S SERVICES INVESTMENT OPPORTUNITIES THROUGH CYPRUS
OUR FIRM S SERVICES INVESTMENT OPPORTUNITIES THROUGH CYPRUS 23 th November, 2017 PAPADEMETRIOU & PARTNERS LTD 26, Apollonos Str., P.O.Box 21865 1514 NICOSIA TEL.:00357 22667451 FAX.:00357 22668292 E-mail:pappan@cytanet.com.cy
More informationCypriot Citizenship and Permanent Residence Permit Your trusted advisors
Cypriot Citizenship and Permanent Residence Permit Your trusted advisors 2017 Why Cyprus? Cyprus offers many key benefits to foreign investors and their dependent family members who are looking for a jurisdiction
More informationSummary on Cyprus Employment Taxes
www.pwc.com.cy Summary on Cyprus Employment Taxes August 2018 Current General Information Employee salaried and other incomes Employees tax resident in Cyprus are taxed on their chargeable worldwide incomes.
More informationPwC Israel Round Table Event
www.pwc.com.cy Israel Round Table Event Using Cyprus as a second base 25 Agenda Trends for HNWIs Why Choose Cyprus? The Cyprus Economy An Overview Cyprus Citizenship by Investment Using Cyprus on Corporate
More informationFOCUS INTERNATIONAL. October 2015 Cyprus edition. New legislation opens Cyprus for more business. Cyprus citizenship and residency schemes
October 2015 Cyprus edition INTERNATIONAL FOCUS New legislation opens Cyprus for more business 2 Cyprus citizenship and residency schemes 4 BEPS Action Plan 5 Follow us on LinkedIn and Twitter to access
More informationCyprus Citizenship for Foreign Investors TPNominees & Chronicle docs certified M0004.zip
Cyprus Citizenship f Feign Invests TPNominees & Chronicle docs certified M0004.zip May 2015 Legal Framewk: On the basis of a Council of Ministers Decision (dated 24/05/2013), non Cypriot Invests, can acquire
More informationCyprus A Streamlined P.R. Program
Cyprus A Streamlined P.R. Program OBTAIN A PERMANENT RESIDENCE PERMIT IN CYPRUS, WITHIN TWO MONTHS, WHEN BUYING A RESIDENTIAL PROPERTY WORTH 300,000 (HERE AND BELOW AMOUNTS ARE EXCLUDING VAT WHERE VAT
More informationGeorge Campanellas, Board Member CIPA Tassos Yiasemides Partner KPMG Andreas Yiasemides Partner PWC Tassos Kotzanastasis Managing Director 8GCP
o o o o George Campanellas, Board Member CIPA Tassos Yiasemides Partner KPMG Andreas Yiasemides Partner PWC Tassos Kotzanastasis Managing Director 8GCP Competitive Advantages 1 EU Member/ Geostrategic
More informationPERMANENT RESIDENCY DIANA 55
PERMANENT RESIDENCY DIANA 55 The Cyprus Program Permanent Residency Getting a Cyprus PR (Permanent Residency) is a straight forward process and one of the cheapest in the world. With the purchase of a
More informationCyprus The Gateway to Global Investments
www.pwc.com.cy Cyprus The Gateway to Global Investments October 2018 Table of contents Foreword 1 Cyprus - The Gateway to Global Investments 2 Local Market Opportunities 3 Cyprus Investor Immigration Programs
More informationYour access to Europe Cyprus passport
Your access to Europe Cyprus passport September 2016 Cyprus Citizenship Cyprus Convenient Transportation The island enjoys 2 international airports, Larnaca and Pafos, with more than 53 airlines making
More informationWhy Cyprus
www.pwc.com.cy/why-cyprus Why Cyprus Contents History 02 Living and working in Cyprus 03 Doing business in Cyprus 08 A resilient economy 10 Key sectors 12 PwC Cyprus 16 Contacts 17 Why Cyprus Cyprus is
More informationCYPRUS Citizenship by Investment Program
CYPRUS Citizenship by Investment Program Country Profile: Cyprus, an island in the eastern Mediterranean, has rich, turbulent history stretching back to antiquity. Known for its beaches, it has a rugged
More informationCyprus government issues guidance regarding the application of the tax law for the settlement of overdue taxes
from Tax Advisory Services Cyprus government issues guidance regarding the application of the tax law for the settlement of overdue taxes Issue N-12-2017, 29 June 2017 In brief On 27 January 2017 the Cyprus
More informationWhy Cyprus
www.pwc.com.cy Why Cyprus Contents History 02 Living and working in Cyprus 03 Doing business in Cyprus 08 A resilient economy 10 Key sectors 12 PwC Cyprus 16 Contacts 17 Why Cyprus Cyprus is the third
More informationWhy invest in Cyprus
Why invest in Cyprus www.investcyprus.org.cy 1 Country Overview Cyprus is the third largest island in the Mediterranean Sea, located at the eastern end of Europe, at the crux of the busy shipping and air
More informationFamily Office kpmg.com.cy
TAX SERVICES Family Office kpmg.com.cy 2 Family Office What is a Family Office? Family Office 3 A Family Office is the term given to a professionally managed set-up, established by wealthy families in
More informationCyprus Investment Promotion Agency (CIPA) Investing in Cyprus
Cyprus Investment Promotion Agency (CIPA) Investing in Cyprus Sofia, 23 rd February 2016 Christodoulos E. Angastiniotis Chairman, CIPA Cyprus Investment Promotion Agency (CIPA) Promote Cyprus as an attractive
More informationCyprus: A dynamic business and investment centre INTAX FORUM
Cyprus: A dynamic business and investment centre INTAX FORUM Kiev, 29 th May 2017 Cyprus Investment Promotion Agency Cyprus: an international business hub A destination of choice for doing business A reputable
More informationCITIZENSHIP & RESIDENCE PLANNING L.PAPAPHILIPPOU & CO LLC
CITIZENSHIP & RESIDENCE PLANNING L.PAPAPHILIPPOU & CO LLC CITIZENSHIP BY INVESTMENT What is citizenship by investment? A process whereby a country, by way of exception, grants citizenship to eligible applicants
More informationCitizenship by Investment 2015
IFC Media Citizenship by Investment 2015 Contents Contents OVERVIEW 5 The Global Citizen... Christian Kalin 7 Enhancing Your Global Presence... Micha Rose Emmett ST KITTS & NEVIS 9 Case Study: St Kitts
More informationCyprus: A place to relocate
Cyprus: A place to relocate November 2018 kpmg.com.cy Table of contents About Cyprus 4 Why to Invest in Cyprus 7 Main Sectors of Economy 8 The Corporate Tax System at a Glance 10 Tax Residency rules for
More informationITIZENSHIP CYPRUS PERMANENT RESIDENCE PERMIT BY INVESTMENT
CYPRUS ITIZENSHIP PERMANENT RESIDENCE PERMIT BY INVESTMENT The Cyprus Investment Program gives the Investors the opportunity to apply and acquire Cypriot citizenship within 6 months. Investors who participate
More informationCyprus: A dynamic business and investment centre
Cyprus: A dynamic business and investment centre Cyprus India Business Forum New Delhi, 27 th April 2017 Cyprus Investment Promotion Agency Cyprus: an international business hub A destination of choice
More informationComing to and Investing in the UK Services for Individuals, Businesses and Real Estate Investors VERFIDES GROUP 1
Coming to and Investing in the UK Services for Individuals, Businesses and Real Estate Investors VERFIDES GROUP 1 2 VERFIDES GROUP Coming to and Investing in the UK THE UNITED KINGDOM There are many reasons
More informationResidency programs; Montenegro, Greece & Cyprus. Panos Diallinas Bojana Peric September 2017
Residency programs; Montenegro, Greece & Cyprus Panos Diallinas Bojana Peric September 2017 Agenda Residency in Montenegro Residency of Greece Cyprus Residency Program A few words about Eurofast Eurofast
More informationTax law amendments aiming at enhancing Cyprus tax competitiveness Other amendments
Tax Insights from Services Tax law amendments aiming at enhancing Cyprus tax competitiveness Other amendments Issue N-10-2015, December 14, 2015 In brief Further to our newsletter N-4-2015, the House of
More informationNow, Cyprus has further reinforced another aspect of its allure: that of personal taxation.
INFORMATION SHEET 13 Title: Living in Cyprus: A scrumptaxious Proposition Authored: January 2016 Updated: Company: Reference: Chelco VAT Ltd Personal Tax Residency General Cyprus has always been an attractive
More informationCYPRUS: AN EMERGING FUNDS JURISDICTION. Marios Tannousis Board Member & Secretary
CYPRUS: AN EMERGING FUNDS JURISDICTION Marios Tannousis Board Member & Secretary Cyprus as Business Expansion Platform In addition to the favorable tax regime, Cyprus offers many other advantages: Strategic
More informationCYPRUS Tax Guide for Investors
CYPRUS Tax Guide for Investors 3 INDEX Introduction 1 Cyprus Tax Highlights 2015 2 Cyprus Holding Company 4 Cyprus IP Company 7 Cyprus Finance Company 9 Cyprus Investment Firms 11 Cyprus Licenced FX Company
More informationThe impact of taxes on the competitiveness of European Tourism
PwC UK The impact of taxes on the competitiveness of European Tourism European Commission (DG GROW) 9 November 2017 Overview 3 The PwC team with you today 4 The importance of tourism for the EU 5 Overview
More informationPRO PERTY I NVESTM ENTS
Cyprus PRO PERTY I NVESTM ENTS Why Cyprus Your Plan B No language barriers European country lifestyle similar to South Africa Secure family s future by protecting against political risk and economic instability.
More informationCyprus as a modern alternative fund jurisdiction. Haris Kakoullis Partner KPMG Cyprus
Cyprus as a modern alternative fund jurisdiction Haris Kakoullis Partner KPMG Cyprus Exchange of Information and Reporting Global Forum on Transparency and Exchange of Information - OECD Largely Compliant,
More informationTax law amendments enhance Cyprus corporate and personal tax competitiveness Main amendments
Tax Insights from Services Tax law amendments enhance Cyprus corporate and personal tax competitiveness Main amendments Issue N-3-2015, July 17, 2015 In brief On July 16, 2015 a number of amendments to
More informationThis is neither a residence permit nor an investor visa. This is a fast track citizenship of an EU member state. GLOBE INVESTMENTS
C I T I Z E N S H I P B Y I N V E S T M E N T This is neither a residence permit nor an investor visa. This is a fast track citizenship of an EU member state. CYPRUS IN A NUTSHELL Cyprus is a thriving
More informationANTI-MONEY LAUNDERING POLICY
ANTI-MONEY LAUNDERING POLICY Original Issue Date: January 2018 Approved by: Board of Directors Owner(s): Sonaf Business Ltd Classification: ANTI-MONEY LAUNDERING POLICY Last Reviewed Date: September 2018
More informationA scrumptaxious proposition!
Living in Cyprus: A scrumptaxious proposition! Cyprus General Information Cyprus has always been an attractive tourist destination, as well as a great place to live and work and call home. A jewel of the
More informationLeading Residence by Investment and similar programs. September 28-29, 2017
Leading Residence by Investment and similar programs September 28-29, 2017 Contents 1. Why obtain a residence permit from another country? 2. Ideal place of residence 3. What is Residence-by-Investment?
More informationDestination Ireland. Private Wealth Immigration Ireland s Immigrant Investor Programme. Dublin London New York Palo Alto
Dublin London New York Palo Alto www.matheson.com Background We are the law firm of choice for internationally focused companies and financial institutions doing business in and from Ireland and have acted
More informationCyprus - Iran. The gateway to Iranian business
Cyprus - Iran CYPRUS - IRAN CONTENT Introduction 3 Cyprus: Tax Benefits 4 New Treaty Cyprus - Iran 5 Cyprus Holding Company 6 Cyprus Holding Company in International 7 Investments Cyprus Back-to-Back Financing
More informationExchange of information for tax purposes and disclosure of Ultimate Beneficial Owners (UBOs) for corporates & other structures
August 2014 N-6-2014 Exchange of information for tax purposes and disclosure of Ultimate Beneficial Owners (UBOs) for corporates & other structures The tax world is moving towards greater transparency,
More informationMALTA RESIDENCE & VISA PROGRAMME & THE INDIVIDUAL INVESTOR PROGRAMME
MALTA RESIDENCE & VISA PROGRAMME & THE INDIVIDUAL INVESTOR PROGRAMME Mark Attard & Josef Mercieca BDO Malta May 2017 BDO 01 MALTA BDO MALTA A General Overview BDO Malta, a Maltese civil partnership, is
More informationPwC Georgia Tax & Law Brief
PwC Georgia Tax & Law Brief Important Amendments to the Order 49/04 of the National Bank of Georgia Starting from 7 May 2018, new requirements apply to commercial banks while issuing loans to customers.
More informationCyprus Tax Residency and Non-Dom Rules
Cyprus Tax Residency and Non-Dom Rules Tax Services May 2018 kpmg.com.cy Table of contents About Cyprus 3 The Corporate Tax System at a Glance 4 Tax Residency rules for Individuals 5 Non-Domicile rules
More informationCyprus, a prominent and credible international business centre.
Cyprus, a prominent and credible international business centre. Marios Skandalis President of the Institute of Certified 2 nd EU Arab World Summit, Athens 9-10 Nov 2017 1 Public Accountants of Cyprus 2
More informationAlternative Investment Funds (AIFs) THE CYPRUS PERSPECTIVE. Author: Publication Date: Subject Area: Claire Metaxa 11 December 2018 Fund Industry
Alternative Investment Funds (AIFs) THE CYPRUS PERSPECTIVE Author: Publication Date: Subject Area: Claire Metaxa 11 December 2018 Fund Industry Introduction Global Environment The Financial Crisis which
More informationA) Residence permit in case of strategic investments
Greek Law 4146/2013 Creation of a Development Friendly Environment for Strategic and Private Investments Article 6, Staying Permits for non-eu Citizens Page 1 The new law introduces new types of staying
More informationLicensing of Investment & Foreign Exchange Services in Cyprus
Licensing of Investment & Foreign Exchange Services in Cyprus This document provides a high level review of the licensing process, taking into account the requirements, for a company to obtain a license
More informationInvestor Services and Regulation. Challenges of the Buy-Side April 2018, Limassol Cyprus
Investor Services and Regulation Challenges of the Buy-Side April 2018, Limassol Cyprus Contents I. INTRODUCTORY REMARKS II. III. IV. ECONOMY AS FACILITATOR FINANCIAL SERVICES - A VITAL SOURCE FOR GROWTH
More informationOPPORTUNITIES. 22 March, 2016
OPPORTUNITIES 22 March, 2016 Economic Climate Regional Turbulence Economic Uncertainty Sanctions 2 GREECE ECONIMIC OVERVIEW & INDICES Political and economical uncertainty Constant reduction on available
More informationGLOBE INVESTMENTS HOLDINGS LTD
GLOBE INVESTMENTS HOLDINGS LTD THE ONE STOP INVESTORS NETWORKING PARTNER Stella Maria Tower, 3 rd floor, 3 Artemidos Ave., Larnaca 6027, Cyprus PO Box 40640, Larnaca 6306, Cyprus Tel: +35724650230 Fax:
More informationChristmas webinar: Citizenship by investment program (CIP) in Montenegro Deloitte Sebria 12 December 2018
Christmas webinar: Citizenship by investment program (CIP) in Montenegro Deloitte Sebria 12 December 2018 Deloitte Serbia Global Employer Services Dejan Mrakovic Partner Tatjana Milenkovic Director Aleksandra
More informationDoing business in Cyprus. Your strategic investment hub
Doing business in Cyprus Your strategic investment hub Contents Foreword 3 Cyprus at a glance 4 Geography, health care, education, recreation and hospitality, legal system 5 Why live, work, and invest
More informationCyprus An ideal location for intellectual property assets
Cyprus An ideal location for intellectual property assets The Cyprus IP regime Cyprus is an attractive location for the establishment of an IP holding and development company, offering an efficient tax
More informationTax law amendments enhance Cyprus corporate and personal tax competitiveness Other amendments
Tax Insights from Services Tax law amendments enhance Cyprus corporate and personal tax competitiveness Other amendments Issue N-4-2015, July 17, 2015 In brief On July 16, 2015 a number of amendments to
More informationSUN Interbrew Plc. Annual Report and Separate Financial Statements for the year ended 31 December 2015
Annual Report and Separate Financial Statements for the year ended 31 December 2015 Contents Pages Board of Directors and other officers 3 Declaration of Directors and other responsible officers of the
More informationDOING BUSINESS IN CYPRUS
DOING BUSINESS IN CYPRUS CONTENTS 1 Introduction 3 2 Business environment 4 3 Foreign Investment 7 4 Setting up a Business 9 5 Labour 11 6 Taxation 13 7 Accounting & reporting 32 8 UHY Representation in
More informationAlternative Investment Funds - Cyprus
Alternative Investment Funds - Cyprus Alternative Investment Funds Cyprus With the aim of modernizing and strengthening the Cyprus funds regime, the Alternative Investment Funds Law ( AIF Law ) came into
More informationSMART M AU R I TI U S. Live. Invest. Work. Play
SMART M AU R I TI U S Live. Invest. Work. Play The Smart City Scheme is an ambitious economic development programme aimed at consolidating the Mauritian International Business and Financial Hub by creating
More informationCY LEBANON BUSINESS FORUM. Presented by: Andreas Yiasemides CIFA Vice Chairman Partner PwC Cyprus - Head of Fund Services 14 June 2017
CY LEBANON BUSINESS FORUM Presented by: Andreas Yiasemides CIFA Vice Chairman Partner Cyprus - Head of Fund Services 14 June 2017 Agenda 1. Legal Framework of AIFs 2. Types of AIFs and Upcoming Changes
More informationContinuous Professional Training for persons registered in the public register Cyprus Investment Firms
GP Ltd Continuous Professional Training for persons registered in the public register Cyprus Investment Firms Limassol: 11 and 18 September 2013 Nicosia: 25 September and 02 October 2013 GP Ltd Continuous
More informationW W W. Y I A N N A K A S. C O M. C Y
W W W. Y I A N N A K A S. C O M. C Y C Y P R U S L E A D I N G L A W F I R M W H A T C L I E N T S S A Y A B O U T U S :...the firm is well known for the high quality of services Our Firm 24/7 support
More informationCyprus shipping: A sea of opportunities
www.pwc.com.cy Cyprus shipping: A sea of opportunities Foreword The global economy is going through an anaemic recovery, the eurozone continues to struggle and certain emerging economies, like India and
More informationDINOS ANTONIOU & CO LTD CYPRUS TAX INFORMATION
DINOS ANTONIOU & CO LTD CYPRUS TAX INFORMATION 2013 CORPORATION TAX Tax Basis A company is tax resident of Cyprus if its management and control is exercised in Cyprus. Some of the most important factors
More informationCyprus Tax Booklet 2018
Cyprus Tax Booklet 2018 9 Vassili Michaelides Globalserve Business Centre, 3026, Limassol-Cyprus P.O.Box 57019 3311 Limassol-Cyprus Tel. line: 00357 25 817181 Fax: (00357) 25 824055 E-mail: marketing@globalserve.com.cy,
More informationGP GLOBAL LTD. Business and Finance Consulting Services COMPANY PROFILE
G P Global GP GLOBAL LTD Business and Finance Consulting Services COMPANY PROFILE Alkaios str., 7 Alkaios Court, Flat 103 Tel.: +357-25755911 3090 Limassol - CYPRUS Fax: +357-25755660 P.O. Box 59565, 4010
More informationPwC Georgia Tax & Law Brief
PwC Georgia Tax & Law Brief Amendments to the Instruction Established by the Order N996 of Minister of Finance of Georgia Determining market price rule for valuation of taxable property Exceptions The
More informationThe development and current situation of ICPAC and the Accountancy profession in Cyprus. September 2017
The development and current situation of ICPAC and the Accountancy profession in Cyprus September 2017 Agenda 1. ICPAC in brief 2. Milestones in the Institute s / profession s development 3. Current position
More informationWORKING AND LIVING IN CYPRUS
WORKING AND LIVING IN CYPRUS Contents Welcome 3 Facts at a Glance 5 Migration 7-9 Personal Taxation 10-12 Social Insurance Contributions 13 Employer Sponsored Pension Plans 14 Employment Law 15 Private
More informationCITIZENSHIP BY INVESTMENT. Why Cyprus?
CITIZENSHIP BY INVESTMENT Why Cyprus? Obtain the Cyprus Ci zenship fast, easy and enjoy all the benefits of an EU passport with your family Cyprus is conveniently located at the crossroads of Europe, Asia
More informationCITIZENSHIP BY INVESTMENT. Why Cyprus?
CITIZENSHIP BY Why Cyprus? Obtain the Cyprus Ci zenship fast, easy and enjoy all the benefits of an EU passport with your family Cyprus is conveniently located at the crossroads of Europe, Asia and Africa.
More informationCross - border IPOs through Cyprus
www.pwc.com/cy Cross - border IPOs through Cyprus A passage to Europe s capital markets Foreword 4 Entering the European securities 6 markets Regulation 8 Cyprus as an international financial 10 centre
More informationhttp://www.switzerland-family-office.com/relocation/moving-to-jersey.html Relocating to Jersey Not so well known as a jurisdiction to relocate to, Jersey can actually be an attractive option for wealthy
More information