The Law Providing for Special Tax Settlement of Debts 2011
We would like to bring to your attention the recent changes in the law, as voted by the Cypriot Parliament on the 24th November 2011. The…
Cyprus Tax Update
On the 26th August 2011 the House of Representatives in Cyprus voted on a number of new amendments to the tax legislation which are set out…
Recent Amendments to the Law of Assessment and Collection of Taxes
According to the recent amendments of the Assessment and Collection of Taxes Law, as from the 1st July 2011 all companies as well as self employed…
Audit, accounting and tax requirements for Cyprus companies
Companies registered in Cyprus must comply with local laws, rules and regulations whereby they are expected to maintain complete and accurate accounting records and make appropriate…
2011 Amendments to the Cyprus Tax Laws
Amendments to the Cyprus Tax Laws have been recently voted as a means of improving tax compliance and further discouraging tax avoidance and tax evasion and…
Euro Pro Golf Tour Championship 2010
Fidelico is proud to announce that we will be co-sponsoring this year’s golf championship PGA EuroPro 2010 Tour that is being hosted by the Aphrodite Hills…
Security over shares in Cyprus
Companies incorporated in Cyprus are widely used in connection with structured financing and other transactions. Typical structures involve a Cypriot holding company holding 100% shares in…
Amendments to Cyprus Tax Laws
This article will consider the recent amendments to the Income Tax law and Special Contribution for Defence Law (the ‘Tax Laws’) in Cyprus. These amendments were…
VAT changes from 1 January 2010
The changes to the VAT (“VAT package”) adopted by the European Council are expected to come into force from 1 January 2010. These changes primarily involve…
Cyprus tax planning
In recent years Cyprus has become a favoured location for international commerce as well as a legitimate tax efficient jurisdiction utilised by reputable multinationals, therefore raising…
Wealth Management in Cyprus
Over the years Cyprus has developed at an astounding rate and earned a reputation as a reliable international financial centre. This buoyant and dynamic business environment…
Cyprus-Russia sign protocol amending DTT
On 16 April 2009 the Republic of Cyprus and the Russian Federation signed a Protocol to the Double Tax Treaty (DTT) between the two countries. Formal…
OECD declares Cyprus on white list
Cyprus is in full compliance with the international tax standard developed by the OECD and endorsed by G20 Finance Ministers. Cyprus has been included in OECD’s…
Cyprus: An ideal jurisdiction for aircraft leasing
A major tax reform , the legal system (common law) the membership in the European Union are certainly considerable factors that boost Cyprus companies in placing…
Cyprus Insolvency Law
Insolvency refers to the inability of a company to repay debts which it has incurred. Bankruptcy has the same connotations in Cyprus law as far as…
Cyprus company law in simple words
Company as a legal entity A Cyprus company once established (has obtained a certificate of incorporation) is essentially a legal person. This means it can sue…
Cyprus Holding Company
Cyprus implemented a new tax reform in 2003 as a step towards its entry into the European Union in 2004. The new domestic tax regulations combined…
EU Company: The Societas Europaea
The SE regulation Council Regulation EC No 2157/2001 on the Statute for a European company (the “Regulation”), and Council Directive 2001/86/EC supplementing the Statute for a…
Change of registered office
Implementation of the law Cyprus has implemented legislation1 to permit the transfer of the registered office of a company both into and out of Cyprus. The…
Tax free gains on disposal of shares
Income tax on gains arising upon the sale of shares Cypriot (Corporate) Income Tax provides for a tax exemption from gains realized by Cypriot taxpayers upon…
Deemed dividend distribution explained
A Cyprus tax resident Company, is deemed to have made a dividend distribution of 70% of its accounting profits (after tax) in the form of dividends…
How the euro will impact your company
If your company was incorporated with a share capital denominated in Cyprus Pounds (CYP) you should know that as of 1 January 2008 this shall be…
Cyprus joining the rest of Europe
The first day of the year 2008 will be different than any other New Year day in Cyprus. The Euro will become the official currency in…
Incorporating your Company in Cyprus
Incorporating a Limited Liability Company in Cyprus is simple and easy. Free Guidance: Once you have identified your needs, all you need to do is to…
Cyprus tax in a nutshell
Tax reform As a consequence of Cyprus entering into the European Union on 1 May 2004, Cyprus entered a new tax era. The tax reform was…
Innovative tax solutions
We offer tax customised solutions based on your facts and needs. Our professional tax planning services in combination with our corporate management services will provide to…
