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Yacht Registration

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Yacht Registration: Cyprus the Preferred Location   YACHT LEASING SCHEME   On 13 March 2012, the Cyprus VAT Authorities announced the implementation of a new yacht leasing scheme though the issue of Circular 163 (updated under Circular 198 issued on 25th November 2015) (the “Yacht Leasing Scheme”) making Cyprus one of the most attractive EU jurisdictions

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UK Migrant Visa

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UK MIGRANT VISA What is a UK Migrant Visa? It is a route to residence for non-EU nationals who make a substantial financial investment in the UK. What investment is required? £1 million GBP; £5 million or £10 million What can I invest in? You must invest at least 75% in Government Bonds and/or in

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Cyprus Financing Tax Structures

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CYPRUS FINANCING TAX STRUCTURES BACK TO BACK LOANS One Tier Financing Company Provisions of the Law Article 33 of the Income Tax Law 2002 (the “Law”) gives the Inland Revenue Department the power to adjust transactions between connected companies, entities and individuals on an arm’s-length basis and to tax the resulting deemed profits, gains or

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Protection of Intellectual Property Rights through Cyprus

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Intellectual Property in Cyprus In July 2012 the Cyprus Income Tax Law, Law 118 of 2002 was amended to provide, amongst others, very beneficial tax incentives and exceptions relating to income deriving from intellectual property rights (“IP”). The legislation adopts the beneficial principles of already established and successfully implemented tax legislation in European countries such

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Cyprus India Double Tax Treaty [Developments]

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CYPRUS INDIA DOUBLE TAX TREATY News and Updates HC dismisses plea against blacklisting of Cyprus [29/01/2015] Cyprus accepts India’s condition [17/09/2014] India-Cyprus tax treaty talks at an impasse [15/09/2014] India Reviewing Cyprus Tax Treaty to Reduce Withholding Tax Issues [18/06/2014] New double taxation avoidance agreement signed by September the latest [6/06/2014] Finmin officials to visit Cyprus to negotiate

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The UK LLP

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GENERAL TAX INFORMATION ABOUT THE UK LLP Even though the UK Limited Liability Partnership (“LLP”) is considered  a separate legal entity under general law, under the tax law the LLP is normally treated as being transparent. Particularly the UK tax law provides that where an LLP carries on a trade profession or other business with

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The Cyprus International Trust [Reviewed]

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THE CYPRUS INTERNATIONAL TRUST On 8 March 2012 the House of Representatives in Cyprus enacted the International Trusts (Amending) Law of 2012 effecting various structural amendments to the International Trusts Law of 1992. A new era began for Trusts in Cyprus giving a favourable trust regime by ensuring that international investors, settlors and beneficiaries enjoy

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Cyprus Ukraine Double Tax Treaty

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CYPRUS UKRAINE DOUBLE TAX TREATY On 4 July 2013 the Ukrainian parliament approved the bill for ratification of the double tax treaty between Cyprus and Ukraine which was signed 8 November  2012 and which replaced the 1982 agreement between Cyprus and Soviet Union. This followed the initial failed attempt 18  June  2013 of the Ukrainian

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Review our Updated Cyprus Double Tax Treaty Network

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