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
EXISTING CLIENT NOT HAVING EXPENSE INVOICES Share Written By CYAUSE LTD Tags accountant enquiryaccounting information missingbookkeeping evidencecyprus companyinaccurate recordsincomplete accounting recordsincomplete recordsinvoicesmissing book keepingmissing evidencemissing invoicespoor accounting 2024-04-01 Hi CYAUSE, Hope you are doing well! This week I am travelling to XXXX for a filming trip. I will need to withdraw cash to pay my guide and for other miscellaneous expenses. As xxxx is one of the poorest countries in the world, paying with card won't be possible for majority of purchases so I will need to be using cash and acquiring receipts will also be impossible mostly due to the infrastructure of the country. What do you think the best way to manage this for accounting purposes? Thank you, ---------------------------------- Dear Mr. XXX, Following your email please be informed that you can withdraw the amount you need but please make sure that you will keep every receipt/ invoice which you will have to send me in order to include them in the books. Thank you in advance, ------------------------------------ Hi CYAUSE, Thank you for your email. It is likely that I won't be able to get receipts for most transactions the cash is used for due to the reasons I mentioned in the previous email. Will this cause a problem? Thank you, ---------------------------- Dear Mr. XXX, You can keep notes if possible which you will have to send me via email (e.g. MZN - XXXX metical equals 100 on 03/06/2023 for transportation). I hope the above helps.