Setting a principal Intellectual Property (IP) Company in Cyprus – Tax and Transfer Pricing Considerations.

Setting a principal Intellectual Property (IP) Company in Cyprus – Tax and Transfer Pricing Considerations.

For many businesses, their IPs is the main profit driver. This is more prominent in the digital era and economy in nowadays. The IP is amongst the main reasons why some businesses differentiate from the competition or why some products/services are sold at a higher price. IP comes into different forms such as patents, licenses, software and other non-obvious legally protected IPs. Tax considerations are […]

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Основы ведения бизнеса на Кипре

Основы ведения бизнеса на Кипре

8 декабря, 2017 года наша компания, PremioServe, организовала и провела с большим успехом семинар с центральной тематикой – «Основы ведения бизнеса на Кипре». Более 100 человек стали участниками семинара.  Данное мероприятие было направлено на русскоговорящих жителей острова и прошло на русском языке. Целью данного семинарна является повышение финансовой грамотности и владение основными экономическими понятиями среди собственников и нефинансовых мененджеров, а также информирование тех, кто еще […]

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Changes in the companies’ law

Changes in the companies’ law

On 23 September 2016 the companies law has been amended. The main changes are as follows: The directors report, included in the financial statements, will change to a management report and the law specifies what should be included in that report There is a new definition for small – medium and large companies and also for small – medium and large groups On the calculation […]

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Guidance for application & tax ruling

Guidance for application & tax ruling

On 16 August 2016 a new tax circular issued for guidance on the procedure for issuing tax rulings from the Cyprus Tax Department office. The new tax circular (2016/13) is in addition to the existing tax circular (2015/13). The new circular clarified: The fees for the issue of the tax rulings Tax rulings – opinion to be issued within 21 working days €2.000 Tax rulings […]

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