Top 10 Year-End Tax Mistakes Cyprus Companies Make (And How to Avoid Costly Penalties) Author: Loukia Christofidou Audit Department Top 10 Year-End Tax Mistakes Cyprus Companies Make (And How to Avoid Costly Penalties) As the year draws to a close, companies in Cyprus have a lot on their plate—wrapping up financial statements, planning for the future, and ensuring [...]
Cyprus Holding Companies: Your Gateway to International Business Success Author: Kyriacos Socratous, BA, ACA Founder and Managing Director Cyprus has long been a preferred jurisdiction for holding companies, thanks to its strategic geographic location, investor-friendly policies, and attractive tax benefits. In this article, we explore why Cyprus is an ideal base for holding companies, outline the tax advantages, [...]
Relocating Your Business to Cyprus: A Strategic Guide to Success Author: Kyriacos Socratous, BA, ACA Founder and Managing Director Introduction Relocating your business to Cyprus offers numerous strategic advantages, making it a preferred destination for companies seeking to optimize their operations and access the European market. With its favorable tax regime, robust legal system, and strategic location, Cyprus [...]
Cyprus Tax Residency in 60-Days or 183-Days: A Complete Guide Author: Kyriacos Socratous, BA, ACA Founder and Managing Director Cyprus offers two main criteria for determining tax residency: the 183-Day Rule and the 60-Day Rule. 183-Day Rule An individual who spends more than 183 days in Cyprus within a calendar year is considered a tax resident. Such residents [...]
How to Prepare for an External Audit in Cyprus Essential Steps for Compliance and Success Author: Kyriacos Socratous, BA, ACA Founder and Managing Director Understanding the Legal Framework In Cyprus, the legal framework governing external audits is primarily based on the International Financial Reporting Standards (IFRS) and the Companies Law, Cap. 113. Every company incorporated in Cyprus [...]
Comprehensive Guide to Accounting and Audit Services for Fintech and Electronic Money Companies in Cyprus Author: Kyriacos Socratous, BA, ACA Founder and Managing Director Accounting and Audit Services for Fintech and Electronic Money Companies in Cyprus The fintech and electronic money (e-money) sectors are rapidly evolving, driven by technological advancements and regulatory changes. For companies operating in these [...]
Cyprus Tax Calendar 2024 Download or Subscribe to your Outlook Cyprus Tax Calendar 2024
Expert Insights into Year-End Accounting & Tax Planning in Cyprus Author: Kyriacos Socratous, BA, ACA Founder and Managing Director Year-End Accounting Mastery: Navigating Reporting & Tax Compliance in Cyprus By Evidentrust Financial Services Ltd Introduction As the fiscal year draws to a close, businesses in Cyprus face the critical task of year-end accounting. This period is not just [...]
Company Redomiciliation to Cyprus A Comprehensive Guide Author: Kyriacos Socratous, BA, ACA Founder and Managing Director In today's dynamic global business landscape, companies are continually exploring opportunities to optimize their operations, reduce tax liabilities, and enhance their financial prospects. One strategy that has gained significant popularity is the redomiciliation of companies to jurisdictions offering favorable tax regimes [...]
Cyprus VAT – An overview of the Cyprus VAT System Click to access our overview of the Cyprus VAT System Submit your query now!
