Tax-News.com Cyprus Review

Cyprus Review 2011-12: Holding Companies Cyprus is no longer an offshore jurisdiction in the strict sense of the word, but its tax regime, coupled with its location at the cross roads of Eastern Europe, the Middle East, North Africa and Asia, an extensive network of double-tax treaties, its membership of the European Union and its sophisticated European business environment and stable economy mean that the island is an ideal place to locate holding, trading and intermediary companies.

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Cyprus Shipping Review 2011/12

The Cypriot shipping industry has experienced strong growth since the creation of the shipping registry in 1963 and several ingredients have combined to make Cyprus one of the most important locations for a variety of maritime-related activities, including a benign tax regime, modern financial and legal infrastructure, low operating costs and geographical location at the junction of three continents.

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Cyprus Banks On The International Scene

Cyprus is not Greece, is the first thing to say about the Cyprus banking sector. Although people in Cyprus have in common with those in Greece (along with other Mediterranean countries) a regrettable habit of not paying all the tax they should, and although the government has been slow and reluctant to tackle its growing fiscal deficit, the economy grew lustily until 2008, barely shrank in 2009 (one of the best performances in the EU) and is expected to return to a growth path in 2010.

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The Department of Merchant Shipping (DMS) was established and started functioning as a distinct entity in the Ministry of Communications and Works, in 1977. The service existed, however since 1963 and functioned under the Department of Ports. The headquarters were situated in Famagusta, which was also the port of registration of Cyprus ships.

[ Read more about The Department of Merchant Shipping ]

Featured Firm

Fiducenter is an independent domiciliation agent, with offices in both Luxembourg (Head Office) and Cyprus. Since creation it has followed a multi-disciplinary service approach, remaining highly flexible and open to new ideas, thus allowing it to react promptly and efficiently.

Fiducenter can take advantage of its presence in two of the most attractive financial centres in Europe, Luxembourg and Cyprus, to provide structures which include a combination of vehicles from both jurisdictions.

[ Read more about Fiducenter ]

Featured Firm

The Aspen Trust Group excels at the implementation and management of an integrated range of professional services and practical advice based on tailor-made international tax solutions.

Since the establishment of the group in 1998, our vision has been to provide the tax optimisation structuring tools to businessmen expanding the frontiers of international trade and investment, and to affluent individuals wishing to manage their wealth today and develop new sources of wealth for future generations.

[ Read more about Aspen Trust Group ]

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Tax-News.com Cyprus Review. Copyright Tax-News.com 2012. All rights reserved.

IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

Cyprus Country and Foreign Investment

- CYPRUS GEOGRAPHY
- CYPRUS POPULATION LANGUAGE AND CULTURE
- CYPRUS GOVERNMENT
- CYPRUS ECONOMY AND CURRENCY
- CYPRUS ENTRY AND RESIDENCE
- CYPRUS BUSINESS ENVIRONMENT
- CYPRUS LARNACA INDUSTRIAL FREE ZONE
- CYPRUS IMPORT OF FOREIGN CAPITAL
- CYPRUS INVESTMENTS BY FOREIGNERS

Cyprus Types of Company

- CYPRUS PRIVATE COMPANY LIMITED BY SHARES
- CYPRUS EXEMPT PRIVATE COMPANY
- CYPRUS PUBLIC COMPANY LIMITED BY SHARES
- CYPRUS COMPANY LIMITED BY GUARANTEE
- CYPRUS BRANCH OF OVERSEAS COMPANY
- CYPRUS GENERAL PARTNERSHIP
- CYPRUS LIMITED PARTNERSHIP
- CYPRUS SOLE PROPRIETORSHIP
- CYPRUS TRUSTS

Cyprus Offshore Business Sectors

- CYPRUS TRADE, MARKETING AND DISTRIBUTION
- CYPRUS FINANCIAL HOLDING AND INVESTMENT ACTIVITIES
- CYPRUS OFFSHORE BANKING UNITS
- CYPRUS OFFSHORE FINANCIAL SERVICES COMPANIES (INVESTMENT FUNDS)
- CYPRUS SHIP MANAGEMENT AND MARITIME OPERATIONS
- CYPRUS LICENSING AND FRANCHISING : ROYALTY COLLECTION
- CYPRUS PROFESSIONAL SERVICES
- CYPRUS INSURANCE

Cyprus E-Commerce

- CYPRUS INTRODUCTION
- CYPRUS FACILITIES
- CYPRUS OFFSHORE ACTIVITIES
- CYPRUS CASE STUDIES

Cyprus Law of Offshore

- TABLE OF STATUTES
- TRUST LAW
- BANKING LAW
- INVESTMENT COMPANYLAW

Cyprus Offshore Legal and Tax Regimes

- CYPRUS FORMS OF OFFSHORE OPERATION
- CYPRUS TAX TREATMENT OF OFFSHORE OPERATIONS
- CYPRUS TAX TREATEMENT OF OF FOREIGN EMPLOYEES OF OFFSHORE OPERATIONS
- CYPRUS EXCHANGE CONTROL
- CYPRUS OFFSHORE ACTIVITIES IN CYPRUS
- CYPRUS EMPLOYMENT AND RESIDENCE

Cyprus Domestic Corporate Taxes

- CYPRUS SCOPE OF CORPORATION TAX
- CYPRUS CORPORATION TAX RATES
- CYPRUS BRANCH OR SUBSIDIARY?
- CYPRUS CALCULATION OF TAXABLE BASE
- CYPRUS FILING REQUIREMENTS AND PAYMENT OF TAX
- CYPRUS WITHHOLDING TAX

Cyprus Personal Taxes

- CYPRUS RESIDENCE AND LIABILITY FOR TAXATION
- CYPRUS INCOME TAX
- CYPRUS CAPITAL GAINS TAX
- CYPRUS ESTATE DUTY
- CYPRUS REAL ESTATE TAXES
- CYPRUS CUSTOMS DUTIES

Cyprus Labour Regulation

- CYPRUS REGULATORY ENVIRONMENT
- CYPRUS WORK PERMITS
- CYPRUS SOCIAL SECURITY

Cyprus Double Tax Treaties

- CYPRUS DOUBLE TAX TREATIES
- CYPRUS TAX-SPARING PROVISIONS
- CYPRUS TREATY RATES
- CYPRUS OTHER INTERNATIONAL AGREEMENTS

Cyprus Services Directory

Full List | Accounting/Auditing | Asset Protection | Aviation Services | Banking Services | Brokerage/Trading | Captive Insurance | Company Formation | Corporate Services | Expatriate Services | Internet/E-Commerce | Legal Services | Marine Services | Tax Planning | Trust Management | Wealth Management