International Tax & Financial Planning

International Tax & Financial Planning

C. Hadjivangeli & Partners LLC acknowledges the advantages of international tax planning in the corporate and private financial affairs. Tax planning is the base of an efficient and successful business development and an important step in setting-up a business. C. Hadjivangeli & Partners LLC offers an integrated range of services to provide our clients with International Tax Management solutions tailored to their business and private needs with tax schemes and plans minimizing tax liabilities, maximizing savings and profit and increasing business liquidity.

C. Hadjivangeli & Partners LLC is a subscriber to the world’s most prominent sources of information on international taxation. We are in close contact with the Cyprus Inland Revenue regarding developments in policy conducted by the Cyprus Inland Revenue. In addition, through its extensive global network of representatives, C. Hadjivangeli & Partners LLC is on a regular basis updated on important tax developments in other countries.

Hadjivangeli & Partners LLC extensive International tax experience advice the client of every need, identify risks and exposures arising from the involvement of Cypriot companies in cross-border operations, prepare tax schemes in accordance with specific interests and needs of the client in order to accomplish benefits and to minimize the overall tax burden. Tax experts take the responsibility to plan, guide, control and submit all the tax payments to the authorities as well as to offer their advice on all the proposed strategic steps regarding the operation and management of the companies.

For many years Cyprus was one of the leading financial centers in the world. Following the accession in the European Union and the adjusted legal and tax system, Cyprus enjoys additionally all the benefits of EU Directives and free market benefits. Its extensive and ever expanding network of Double Tax Treaties allows preparing a “tailored” tax plan for the business and its future development including subsidiaries and partnerships.

Key Benefits Offered:

• Introduction of the concept of tax resident and non-resident companies
• Taxation of worldwide income for tax Residents and Cyprus sourced income for non-residents
• A uniform corporate rate of 10%
• Tax-exempt business profits of non-resident companies
• Tax-exempt gains on the trading and disposal of securities
• Tax-exempt dividend income (subject to applicable criteria)
• Exemption of 50% of interest income (subject to applicable criteria)
• Tax-neutral group re-organizations
• Tax-relief for group losses
• Full adoption of the EU Parent-Subsidiary Directive
• Full adoption of the EU Mergers Directive
• Full adoption of the EU Directive on Mutual Assistance and Cooperation
• Full adoption of the EU Royalty and Interest Directive
• Transitional rules for exiting IBC’s until 2005

We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.