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Cyprus Citizenship Scheme for Foreign Investors

Cyprus Citizenship Scheme for Foreign Investors

March 20, 2015 11:41 am

According to the Decision taken by the Council of Ministers in Cyprus, non-Cypriot investors and their families can be granted the Cyprus Citizenship by Naturalization. The Decision was made official in March 2014. Important Features of the Decision As maintained by the Decision a non-Cypriot is eligible to acquire the Cypriot Citizenship by Naturalization provided […]

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What is FATCA?

What is FATCA?

March 17, 2015 6:42 am

The Inland Revenue Department of the Republic of Cyprus on the 2nd of December 2014 signed Model 1 IGA (Inter Governmental Agreement) with the US Treasury, in regards to the Foreign Account Tax Compliance Act (FATCA). What is FATCA? The Foreign Account Tax Compliance Act (“FATCA”) is a US tax legislation which was enacted as […]

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Alteration made to the EU Parent-Subsidiary Directive

Alteration made to the EU Parent-Subsidiary Directive

February 27, 2015 12:16 pm

As anticipated, the Council of the European Union altered the EU Parent-Subsidiary Directive and included an anti-abuse clause in order to put a stop to tax avoidance and assert that all member states apply the directive consistently and effectively. The purpose of the Parent-Subsidiary Directive is to make certain that profits generated by groups outside […]

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HC rejected request against blacklist of Cyprus

HC rejected request against blacklist of Cyprus

February 27, 2015 12:14 pm

Recently, the courts of Uttarakhand rejected a written plea, which challenged its decision to blacklist Cyprus as a notified jurisdiction regarding income tax. The court’s rejection dissatisfied a flow of foreign investors. Foreign investors were hoping the petition would lead the courts to reconsider the Indian’s government notification issued in November 2013, declaring Cyprus as […]

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