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CySEC proposes reforms for Binary Options Trading

March 29, 2017 8:34 am

The Cyprus Securities and Exchange Commision (CySEC) has been concerned with the deficiencies of Binary Options trading and the lack of sufficient protection towards investors. For this reason it has released a consultation paper with the proposed 5 key reforms to eliminate the problems lying within the current framework and at the same time institute […]

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Cyprus amends Intellectual Property Box Regime

March 29, 2017 8:33 am

Intellectual property box regimes are special tax regimes used by countries to provide incentives for research and development by taxing patent revenues different than other commercial incomes. In the Brisbane summit back in September 2014 a proposal was made by Germany and the UK in order to reach an agreement on a single mutual approach […]

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How can someone be a Cyprus tax resident & be non-domiciled?

March 29, 2017 8:31 am

We have already outlined in previous articles the benefits, especially those related to tax, foreigners obtain when becoming a Cyprus tax resident. Today we will name all the documents required to be submitted to the Cyprus authorities in order to become a tax resident. The Cyprus authorities want proof that the applicant maintained a domicile […]

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Tax amendments for non-domiciled Cyprus individuals

March 9, 2017 7:43 am

After the amendments made in 2015 the payment of Special Contribution for Defence on income for non-domiciled Cyprus individuals was terminated. Non-domiciled Cyprus individuals are exempt from the SCD contributions on rental income, interest and dividends. This is applicable even if the individuals are Cyprus tax residents. This is applicable regardless of the origin of […]

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