Registering a new company is a stressful and long procedure. Our experts can undertake the difficult job and documentation needed for your convenience. Clients are called to decide the below and discuss with us to proceed with the submission to the Cyprus Registrar of Companies
We would like to inform you that the first installment of the "Provisional Tax 2020" is payable until 31 July 2020.
The provisional tax is calculated on the profits that are expected to arise in the year 2020 for companies and self-employed persons.
**Remember that the corporate tax rate is 12.5%.
The international business environment has been changing rapidly over the past few years since there is a global movement towards transparency which leads to the introduction of the new stricter legislations and Anti Money Laundering procedures. The banking sector has become very strict, sceptical and reluctant in accepting foreign investors and raised barriers to many businesses that operate internationally. A significant factor considered by both banks and the tax authorities is the so-called substance. Many companies are struggling in establishing a business rational for setting up substance abroad and also the management and controlled is often questioned by the authorities and the banks. At the same time, in light to the economic crisis there is a need to look for alternative financing methods for the businesses.