CYAUSE Articles

Cyprus Tax Incentives for HNWIs (High Net Worth Individuals)

In a nutshell, such a person can enjoy tax free dividends across the globe by staying in Cyprus for only 60 days and becoming a Cyprus Tax Resident. Like all tax incentives certain requirements and restrictions apply as follows:

Conditions for Cyprus Non Dom Tax Residents:

• They have not been living in Cyprus 17 out of the last 20 years in Cyprus (i.e they are not Cyprus domicile)
• And they have been staying in Cyprus at least 60 days (day in and out from Cyprus counts as a day of stay in Cyprus)
• And have not stayed more than 183 days in any other jurisdiction
• And are not tax residents anywhere else in the world
• And have defined Cyprus ties such as a Company or a business contact from Cyprus

Note: Origin of domicile is defined at birth and as a rule is the domicile of the father and in some rare instances / occasions of the mother.

Example of Eligibility

If you are a shareholder receiving large amounts of dividends in high tax jurisdiction and you travel a lot then you should consider the possibility of changing your tax residency as the tax benefits, savings of 0% dividend tax outweigh any possible inconvenience such as travelling to Cyprus for a few days which is a great opportunity to meet up with high level tax advisors and lawyers who can assist you with your existing and other business issues.

In addition as trading in securities is entirely tax free in Cyprus, tax free dividends and trades are perceived as irresistible benefits by a portion of our clients.

Have you ever considered retiring to the Mediterranean and living in Cyprus? If you're contemplating a move to a new country, Cyprus stands out as a potential new home, offering a high quality of life, a warm climate, and a rich cultural tapestry. However, before you take the plunge, it’s important to understand the realities of living in Cyprus. This article will provide you with a comprehensive overview of what life on this stunning island is truly like.

We are extremely happy to confirm that Cyprus is still the preferred insurance carrier / vessel for EU pass-porting. Preferred mainly by established UK insurance agencies and brokerages Cyprus offers a fast, reliable and cheap vessel into the European market.

In this article we will share with you the most common frequently asked questions by prospect clients who turned into real clients for their licensing accounting, audit and tax needs.

The role of a Data Protection Officer (DPO) was first introduced by the General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679), which was adopted on April 27, 2016, and came into effect on May 25, 2018.

This article provides a brief overview of the DPO’s role, key duties and its responsibilities under Cyprus law.

What is the General Data Protection Regulation, commonly known as the GDPR?

The GDPR is a comprehensive data privacy law enacted by the European Union (EU). It aims to protect the personal data and privacy of individuals within the EU and the European Economic Area (EEA) by setting strict rules on how organizations collect, process, store, and share personal data. 

The GDPR grants individuals greater control over their data, including rights such as access, rectification, and deletion (the “right to be forgotten”).

How to use FinHub to find the Right Cyprus Lawyers and Accountants for your business.

If you are reading this article, then you are at the right place! Our service is free, fast and easy and intuitive. Just follow the tabs and without knowing the process will be over.

Finhub is a free quotation engine for professional services.

Cyprus is a popular business hub, known for its attractive tax system, strategic location, business friendly regulatory environment, offering numerous advantages for entrepreneurs and investors looking to establish a company. 

This article outlines the process of incorporating a company in Cyprus, the time it takes, the steps to incorporate a company in Cyprus, the required information and documentation, the role and use of the nominee directors, secretaries and shareholders, and the benefits of doing business in Cyprus!

Cyprus, known for its vibrant economy and strategic location, is home to a well- regulated financial services sector. If you're considering doing business in Cyprus or are simply curious about its regulatory landscape, understanding the different types of regulated entities is crucial. Let’s break it down in a way that's easy to understand and engaging.

At CYAUSE Audit Services Ltd, we aim to provide our clients with clear and concise information about their tax obligations. One critical area that often confuses many is the dividend tax, especially regarding
profits retained in a company. Below, we outline a scenario to illustrate how dividend tax works in Cyprus and the implications for business owners.