Category: Uncategorised

Amending laws for prevention of international tax abuse

On 21 December 2021, two amending laws (available in Greek only) were published in Cyprus’ official gazette that aim to strengthen the country’s tax framework for the prevention of tax abuse. The new provisions amend the Special Defence contribution and the Income Tax Law and are effective as from 31 December 2022.

Questions and Answers on Accounting and VAT Services

Questions and Answers on Accounting and VAT Services 1. Is Globalserve authorized accounting firm? Globalserve Consultants Ltd is a licensed accountants and administrative services company regulated by ICPAC under license number E495/F/2013. Our headquarters are in the business center of Limassol, a modern office building which houses all departments rendering the full range of accounting/ […]

Cyprus the Country

Cyprus has a presidential system of government which is modeled on western democratic systems where human rights, political and private property are safeguarded. The legal system is based on the same principles applicable in the United Kingdom. Cyprus legislation is considering a complete system to preven money laundering as well as other illegal activities related […]

CYPRUS HOLDING COMPANIES

The setting up of holding companies within the most appropriate structures becomes nowadays an important consideration for all investors who wish to maximize their after tax return on investments.  The global markets are becoming more demanding and the need for choosing the best structures that provide to investors the most tax effective means of consolidating […]

CYPRUS SHIPPING COMPANY

Cyprus is established as a leading international maritime centre, constituting today the biggest third party ship management centre in the European Union with the Cypriot maritime registry being one of the largest in the European Union and the 10th largest worldwide.The success of Cyprus Shipping is the result of its merchant shipping legislation, the tax […]

RE-DOMICILIATION OF A CYPRUS COMPANY OUT OF CYPRUS

The Cyprus Companies Law Cap. 113, allows the transferring of the seat of a Cyprus company out of the Republic at foreign jurisdiction. There are two steps to be followed in order for a Cyprus company to re – domicile out of its jurisdiction: The consent of the Registrar of Cyprus and Official Receiver must […]

RE-DOMICILIATION OF FOREIGN COMPANIES TO CYPRUS

The Cyprus Companies Law Cap. 113, allows the transferring of the seat of a foreign company at the Republic of Cyprus. There are several reasons behind the decision of a foreign company to re-domicile in Cyprus as follows: To take advantage of the wide Double Tax Treaty Network applicable in Cyprus To gain access to […]

Cyprus Company

Cyprus is an island state, member of European Union and Eurozone, situated at the north-eastern end of the Mediterranean Sea, at the crossroads of Europe, Asia and Africa. Why Cyprus? Advantages offered to international business companies. Its strategic location in Europe; Its accessibility to the big East European markets, its proximity to the promising new […]

General Director

On behalf of our client we seek to recruit a general director for offices in Limassol,   Candidate requirements: Cypriot origin and nationality Higher education in England, continental Europe or USA Three to five years of experience Sharing team values Readiness to work for results 24/7   Functions and tasks: Director of the company with […]

How to Find the Best Tax Advisor

Paying taxes is inevitable, but there are plenty of ways in which a good tax advisor can ensure you pay as little in taxes as is possible, while keeping within the letter of the law. Finding a good tax advisor can make a huge difference to you and your business, but how do you know […]