Author Archive:
Martinos Typographos
Cyprus: A gateway for Russian investments 2014
Read more: Cyprus: A gateway for Russian investments 2014Through the years, Cyprus and the Russian Federation have developed very strong ties and cooperation bonds in areas such as economic, political and social. From an economic view the comparative advantages Cyprus has to offer as an International Business Centre combined with the favourable Double Taxation Avoidance Agreement (DTAA) in force between the two countries,…
Cyprus International Trusts 2014
Read more: Cyprus International Trusts 2014Traditionally a means of protecting family wealth through the generations, trusts have perhaps in recent times become more familiar as vehicles for tax planning and asset protection because of their adaptability and convenience in effecting complicated forms of settlement. Today trusts are mainly used for wealth management and asset protection. Trusts can be established in…
Cyprus:A gateway for international investments 2014
Read more: Cyprus:A gateway for international investments 2014Cyprus’ strategic geographical location, situated in the eastern Mediterranean Sea at the hub of three continents, Europe, Asia and Africa, has been a major factor in shaping its history throughout the centuries and, in recent years, its development into an international business center. Cyprus is nowadays considered one of the most attractive tax planning jurisdictions…
Cyprus Holding Company 2014
Read more: Cyprus Holding Company 2014A multitude of tax and non-tax factors are taken into consideration for a jurisdiction to be regarded as an attractive location in which to set up a holding company taking always into account the particular circumstances of the investor. The underlying factor though remains the same – to minimise the tax charged on income and…
Eurogroup’s Financial Programme for Cyprus
Read more: Eurogroup’s Financial Programme for CyprusOn the 25th of March 2013, the Eurogroup and the Cyprus government have reached an agreement on the key elements necessary for a future macroeconomic adjustment programme. This agreement is supported by all euro area Member States as well as the three institutions (International Monetary Fund, European Central Bank, European Commission). The programme addresses the…
Cyprus Yacht Leasing Scheme 2013
Read more: Cyprus Yacht Leasing Scheme 2013When a yacht (sailing/motor) is purchased and is intended for use either wholly or partially in EU waters then the relative VAT has to be paid. The Cyprus authorities in an effort to encourage the use of Cyprus as a host jurisdiction have introduced a “yacht leasing scheme” according to which the percentage of the…
Introduction to new Law Firm Member in Cyprus
Read more: Introduction to new Law Firm Member in CyprusInternational Referral the global network of business lawyers, is delighted to introduce Martinos Typographos of Typographos & Co Lawyers. Martinos has joined the Legal network; as our exclusive M&A member in Cyprus. Martinos is senior partner and head of the Corporate and Commercial department of the firm. With previous experience in the litigation department of…
Cyprus’ Criteria And Conditions Of Citizenship By Exemption
Read more: Cyprus’ Criteria And Conditions Of Citizenship By ExemptionOn 10 October, 2011, the Council of Ministers of the Republic of Cyprus set new criteria for providing Cypriot citizenship for high-net worth individuals. The underlying reasoning is to attract foreign investments in Cyprus by wealthy individuals. To read this full article please follow the link below. For further information and/or clarification on the…
Cyprus’ Immigration Permits(Permanent Residence Permits)
Read more: Cyprus’ Immigration Permits(Permanent Residence Permits)The Ministry of Interior of Cyprus has recently introduced an improved and speedier procedure for providing permanent residence to high-net worth third country nationals who intend on investing in the Republic of Cyprus. The new and improved process aims at attracting new investment into Cyprus. The new procedure establishes a new legal framework by which…
Cyprus Removed From Russia’s “Black List”
Read more: Cyprus Removed From Russia’s “Black List”Cyprus Removed From Russia’s Ministry Of Finance Notorious “Black List” With effect from 1 January 2013 Cyprus will be removed from the Russian tax “Black list” (List of the States and Territories providing preferential tax treatment and / or not requiring disclosure and furnishing of the information upon conducting of financial transactions). The removal of…
New Double Tax Treaty Signed Between Cyprus & Ukraine
Read more: New Double Tax Treaty Signed Between Cyprus & UkraineOn the 8th November 2012, during the visit of Ukraine’s President Viktor Yanukovych to Cyprus, a new Double Tax Treaty was signed between the two countries, replacing the current 30 year old Cyprus – USSR treaty. The new treaty will come into force on the 1st of January following the year in which both states…