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Cyprus Tax

Cyprus Tax

Taxes on Corporations A Limited Company pays a Corporate Tax in Cyprus, i.e., corporate income tax of 12.5% of its profit. There is no other Cyprus tax on a Limited Company's profit. The company balance sheet, which is drawn up by an accountant, has to be audited. Cyprus is the only country in ...

Tax Payback on Company Capital

Tax Payback on Company Capital

As we did write in our post regarding Cyprus tax, corporate entities, under certain circumstances, can deduct a hypothetical interest on the paid-up capital of the company. This deduction lowers the taxable profit of the company. The interest is calculated either on the yield of the 10-year ...

The elements of a Cyprus Limited

The elements of a Cyprus Limited

A private Limited Company consists of Directors, the Secretary and the shareholders. It also has a “registered office”. The Directors manage all aspects of the company’s operation. You can have one Director, or there can be several.

Why British Companies Should Move to Cyprus Post Brexit

Why British Companies Should Move to Cyprus Post Brexit

Brexit is the term coined to define the inevitable departure of the United Kingdom from the European Union. Background This was determined following a historic referendum that took place in the summer of 2016. Ultimately, 51.9% voted leave with the remaining participants voted remain. This led ...

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