Real Client Enquiry: Nominee Director / Shareholder for the Cyprus Company - Do we need one? Standard Admin / Monday, March 25, 2024 0 21 Article rating: No rating Read more
Real Client Expenses: Cyprus Company Expenditure - Reclassification what is allowable and what is not Standard Admin / Monday, March 25, 2024 0 18 Article rating: No rating Read more
Real Enquiry: I’m looking to setup as a non-dom in Cyprus and will have Cryptos Gains - how will i be taxed? One of the main reasons I’m interested in the Cyprus non-dom status is if I can cash out/ sell my crypto assets to €’s which I have been holding for several years. Standard Admin / Monday, March 25, 2024 0 28 Article rating: No rating Hi, I’m looking to setup as a non-dom in Cyprus. My income comes from a UK Ltd company which is around £50,000-£100,000 per year. My tax residency is currently Spain, but I want to leave the country. One of the main reasons I’m interested in the Cyprus non-dom status is if I can cash out/ sell my crypto assets to €’s which I have been holding for several years. I realise for the non-dom status I would need to spend 60 days within the country per year and rent or purchase a property. My question is would the crypto profits be taxed at 0%? I keep reading conflicting things on different lawyer websites. How much are you fees for this setup? And annual accounting? Thank you Read more
Trading in Cyprus. Easy? Complicated? Trading in Cyprus. Easy? Complicated? Kyriakos Tramountanellis x / Tuesday, August 30, 2022 0 102 Article rating: No rating Doing business in Cyprus is pretty easy and straightforward. Unless you are dealing with any of the below industries no operating licensing is required: Read more
Learn how to Read your Financial Statements Learn how to Read your Financial Statements Kyriakos Tramountanellis x / Wednesday, August 17, 2022 0 95 Article rating: No rating Read more
PROSPECT CLIENT ENQUIRIES - Needs assistance with UK Company and Xero migration Share Written By Kyriakos Tramountanellis Tags accounting softwareaccountsadviceCypruscyprus companiesincorporationquickbooksreplaceset upsoftwarexero 2021-10-01 PROSPECT ENQUIRY Dear Sir or Madam, I am looking for a qualified accountant that would be able to support the European branch of my recruitment business. On top of daily accounting and annual financial accounts, I need help with migrating Xero accounting data from UK company to Cyprus entity. I am free to get on a call at your earliest convenience to discuss the details. Thanks. ============================================================================================================================================ CYAUSE RESPONSE Dear Mr. XXX, Nice to e-meet you. Please find attached the NDA filled and signed as requested. At your disposal. ============================================================================================================================================ PROSPECT ENQUIRY Hi XXX Thank you again for your time earlier and for signing the NDA. As requested, please find attached requested details. Xero Login email: Password: I await your quotation to migrate the information from Xero. Monthly & Annual Requirements for both UK and Cypriot entity Invoicing Clients and making sure Candidates are paid, this normally happens within the first 10 days of each new month as the conytractors send their approved time sheets. Monthly VAT Calculation for all UK Invoices in and out. Monthly Payroll and Commission calculations for employees. Any additional assistance with: Annual Personal Tax Returns Annual Company Tax Returns Annual Company Accounts I await you rresponse ============================================================================================================================================ CYAUSE RESPONSE XXX can you please also send me information about the Cyprus Company? You have incorporated one? Have you booked any of its expenses etc? Thank you ============================================================================================================================================ PROSPECT ENQUIRY Hi XXX We have only just started invoicing and receiving monies to the Cypriot entity, so no expenses booked as yet. All the details of the Cypriot Company are also on Xero, you will see that there are two companies set up on the system. You will also need to call me when you want to log in to Xero as I will need to give you an authentication code !! Kind regards