Real Life Client Correspondence: Are you up to date with your taxes? I believe we can help you save taxes and tidy up your business obligations

Series: Real Life Client Correspondence

Dear Client,

I hope you are well. 

Following your Instagram profile, it seems you are running a great business and well done! You're doing a great job with children. I also have a daughter and a boy so I can fully relate with the struggles of balancing work and family!

I wanted to raise your attention to the following tax benefit that is available to "non-dom." individuals. I.e. to a Cyprus tax resident that was not born to Cypriot parents or that has not been living in Cyprus for 17 years consecutively. 

So, if you have a Cyprus company and you book all your profits in the Cyprus company, those will be taxed with corporation tax @ 12,5% and then you can receive the profits personally via a dividend which is only subject to tax @ 2,65% (with an annual cap of €4,770). 

If you would be interested in a meeting so I can help you structure your tax affairs in the best way possible let me know and we can arrange a meeting. 

We also attach some information about our business fyi

Thank you in advance,