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
VAT Registration Enquiry from Existing Client Share Written By CYAUSE LTD Tags 2024-03-03 Hello Mr. XXX, I hope you are well! Regarding the VAT registration of the company please be informed that we will have to register the company from June 2021 as you have exceeded the threshold of Euro 15,600 as per the relevant obligation. Due to the fact that the company did not proceed with the vat registration on time, you will have to pay penalties for late submissions ( less than Euro 1,000). Also because the company made sales to European countries (eg. Google - Ireland) we will have to submit every month the VIES declaration with which we state the EU sales that the company made for each month (we have included the penalties for these submissions in the above mentioned amount). As soon as the company is registered with the VAT we will be able to proceed with the accounting work (as we have to take into account the vat from the day of the registration) and from now on the company will be following all obligations regarding the Tax, VAT and VIES submissions and payments. Note for later stage: As soon as we complete the accounting work for 2021 you will have to pay the corporation tax for the year. Also until 31th of July you will have to pay an amount in advance for corporation tax of 2022 (I am mentioning this so you will keep it in mind. You do not have to do anything, we will let you know as soon as you have to proceed with the payment). Also attached you will find authorization to be signed so that we can proceed with the necessary actions. Thank you in advance,