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Tag: Acquiring property in Cyprus

IT business in Cyprus

The authorities of Cyprus in every possible way attract foreign investment into the country. EU citizens have unlimited opportunities when starting a business in Cyprus. If you want to create an IT company in Cyprus, you will have to go through the standard stages of company registration. Cyprus IT companies and IT-related companies have a […]

Gibraltar Company Benefits

Gibraltar Company Benefits Gibraltar is British territory at the southern tip of the Iberian Peninsula. The country is attractive for businesses by the absence of taxation for non-resident companies. A non-resident company is considered subject to the following criteria: • non-resident beneficiary of Gibraltar; • director, shareholder – non-resident of Gibraltar; • the company does […]

Cyprus Planning to Implement Postponement of Initial DAC6 Reporting

Cyprus Planning to Implement Postponement of Initial DAC6 Reporting According to a statement from the Cypriot authorities, the state plans to further delay the initial deadlines for the DAC6 reporting cross-border agreements. As previously reported, a political agreement was reached in June on a possible extension of the initial deadlines for DAC6 for up to […]

Cyprus extends deadline for filing individual income tax returns

Cyprus extends deadline for filing individual income tax returns According to official information, the Ministry of Finance of Cyprus on June 5, 2020 issued a decree that provides for an extension of the deadline for submitting an annual income tax return for 2019 to employees and retirees until October 30, 2020. The deadline for the […]

France is preparing to introduce a tax on digital services

France is preparing to introduce a tax on digital services This statement was made by the Minister of Finance of France Bruno Le Mer. This step was discussed with the Organization for Economic Co-operation and Development. Due to the COVID 19 pandemic, negotiations were not completed. Therefore, Le Mayor said that France will introduce the […]

Costa Rica will provide VAT benefits for SMEs

Costa Rica will provide VAT benefits for SMEs  The Legislative Assembly of Costa Rica is considering Bill 21.963, which was received on May 5, 2020. The bill provides for temporary exemption of VAT for SMEs from charges for water and electricity consumption, as well as exemption from rent. If approved, the exemption will apply for […]

Cyprus extends social security contributions in March due to COVID-19

Cyprus extends social security contributions in March due to COVID-19 This decision was published by the Ministry of Labor, Social Security and Social Insurance of Cyprus in an official newspaper on May 2, 2020. The term for the payment of contributions to the social insurance fund for March 2020 will be extended until May 14, […]

Cyprus government issues bonds

Cyprus government issues bonds The recent issue of bonds by the Republic of Cyprus was aimed solely at compensating for changes in the fiscal balance and significantly strengthening the state reserve fund due to the negative effects of COVID-19 on the Cyprus economy. This was stated in a statement to the Public Debt management Office. […]

Panama requires beneficiary information

Panama requires beneficiary information Panama passed Bill No. 169 of March 21, 2020. The bill requires resident agents to provide information on the ultimate beneficial owner (“UBO”) to the Office of Non-Financial Institutions. The bill applies to all Panamanian legal entities. Let’s look at the main changes presented in the bill: Registrars are required to […]