Cyprus Company Registration – Effective Management and Control

cyprus management and control

Tax Residence The term “fiscal residence” or its synonym “tax residence” is generally understood to mean the place where a company is subject to unlimited tax liability. Cyprus tax resident persons (including companies and individuals) are subject to tax in Cyprus on their worldwide income, whilst non tax resident persons are subject to tax only […]


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Cyprus Company Registration – International Collective Investment Schemes

cyprus company formation icis

In Cyprus at present, Funds are produced under the two legislations noted down below: ICIS Funds are under the supervision of The Central Bank of Cyprus. The International Collective Investment Schemes Law (ICIS) 47(I)/1999, controls funds that are not open to the public at large. At present, only private funds meaning those which have less […]


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Cyprus Taxation, Cyprus Tax Reforms and Tax Planning

cyprus taxation cyprus reforms

As mentioned earlier, the new tax legislation came into effect as of 1 January 2003 where extensive tax reforms were introduced and were intended to ensure the conformity of Cyprus with EU directives and codes of conduct. Another reason being was to indicate Cyprus’ commitment to the Organization for Economic Cooperation and Development’s (OECD) efforts […]


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The Setting Up of a Business

setup business in cyprus

As with foreign investors and as with local ones, the legal requirements for setting up a business in Cyprus are the same. Prior to the commencing of their operations, all enterprises with the exception of sole traders are to be registered with the Cyprus Registrar of Companies. Different Types of Business Entities in Cyprus Forms […]


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Cyprus Funds – ICIS Registration

cyprus funds icis registration

Funds – International Collective Schemes A various number of Cyprus funds may be set up for tax purposes and managed in the Republic of Cyprus by Parparinos Milonas Corporate Law. Retails schemes set up in the form of funds for the investor may be either UCITS schemes or non UCITS. UCITS Schemes There may be […]


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