Savva & Associates Cyprus

From the UK to Cyprus: Navigating Tax Regime Uncertainties with a Reliable Solution

As uncertainties loom over the future of tax regimes like the UK’s Non-Domicile status, many are turning to Cyprus, a jurisdiction that offers an appealing alternative thanks to its strategic advantages in taxation and business environment. The Cyprus Non-Dom regime, established in July 2015, offers substantial tax benefits that cater particularly well to high-net-worth individuals […]

The Wealth Exodus: Understanding the Migration of Millionaires from the UK

The United Kingdom is witnessing an unprecedented trend that could significantly reshape its economic landscape. In 2024, the UK is expected to see a net loss of 9,500 millionaires, placing it second only to China in terms of millionaire outflows globally. This alarming figure is more than double the 4,200 who left last year, which […]

Comprehensive Guide to Leveraging Cyprus’ Non-Domicile Status for Cryptocurrency Tax Optimization

Introduction In the rapidly evolving world of cryptocurrency, tax management remains a paramount challenge for investors. With governments globally enhancing scrutiny and regulation of digital currencies, strategic tax planning has become crucial. Cyprus, with its favorable non-domicile tax regime, offers a compelling solution for crypto investors aiming to optimize their tax liabilities while remaining compliant […]