The Allure of the Cyprus International Trust: Your Perfect Asset Management Ally
Introduction In the vast world of asset management, trust structures stand tall, with the Cyprus International Trust (CIT) leading the charge. Recognized as a top-tier financial hub, Cyprus guarantees CITs a seamless blend of business affairs coordination and generous tax benefits. Rooted in the profound English principles of equity and trust, Cypriot Trust Law offers […]
CRYPTO INVESTORS TAX ALERT
THE TIME HAS COME TO GET INTO LINE WITH TAX OBLIGATIONS AND REPORTING Rough estimates suggest that a 20 percent tax on capital gains from crypto would have raised about $100 billion worldwide amid soaring prices in 2021. That is about 4 percent of global corporate income tax revenues, and material enough for global tax […]
VAT treatment of directors’ remuneration
By Charles Savva On 13 July 2023, the Court of Justice of the EU (“CJEU”) case C-288/22, specifically Advocate General Kokott, ruled that a natural person acting as a director of a company should not be considered as carrying out an independent economic activity for VAT purposes. As a result of this determination, it follows […]
Benefits of EU Permanent Residency vs the Caribbean
By Charles Savva In today’s fast-moving world of rapid developments and economic challenges, business executives and high net worth individuals must depend on a reliable and reputable passport, providing themselves and their families ease of mind when travelling and doing business. Having a second passport can be highly beneficial as it provides secure options for travel and […]
Top 10 pitfalls to avoid when buying property in Cyprus
By Charles Savva Purchasing property in Cyprus can often have a number of potential pitfalls. We always urge potential purchasers to exercise extreme caution when buying a property, particularly if the title deed is not readily available, being a common scenario encountered when purchasing new property in Cyprus. We are regularly approached by EU and […]
