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Cyprus has a modern tax system and company registration is favourable based on the English Companies Act of 1948 (Chapter 113 - Cyprus Company Law), offering predictability in planning with more than 60 double tax avoidance agreements. Registered lawyers liaise with the Registrar of Companies and any parties of interest to facilitate the process of forming a company.
The House of Representatives of Cyprus has voted, unanimously, earlier in February, the imposing of a 0,4% levy on all sales of immovable property.
The EU companies that meet the official description of SMEs, the «Ideas Powered for Business SME Fund» offers financial reimbursement of costs for applications of #trademarks and designs of up to €1, 500 per beneficiary (business). Up to grant will be on a ‘first come, first served’ basis.
Check eligibility: HERE
Cyprus has the only EU-approved "Open Registry" regime and is considered to have a beneficial Tonnage Tax System (TTS), including the three main "maritime transport" tasks; ship owning, ship management and chartering.
The Tax Department in Cyprus issued an extension of the deadline for the payment of the defence contribution on dividend regarding the dividend distribution (0623) for the tax year 2018 as well as the payment of GESY (0723) regarding the specific dividend distribution until April 30, 2021.
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