Articles

How to take advantage of the ‘Fast-track Business Activation Mechanism’ in Cyprus

By CX Financia | October 26, 2020

The Cyprus scheme for ‘Fast-track Business Activation Mechanism’ (the “Scheme”) was adopted on 3 September 2020 by the Council of Ministers and aims to facilitate the establishment and re-domiciliation of businesses from third  (non-EU) countries to Cyprus. The scheme, which operates  under the Ministry of Energy, Commerce and Industry headed by Mrs Natasa Pilidou, was…

Establishing Economic Substance in Cyprus

By Xenia Neophytou | July 17, 2020

In our last article on Economic Substance, we discussed the role of substance in tax planning and how this has become increasingly significant in the global economy. With many companies establishing a presence in Cyprus to benefit from the island’s favourable double taxation treaties, it is of paramount importance to demonstrate that management and control…

Setting up Office

What is economic substance?

By Xenia Neophytou | July 16, 2020

An Introduction to Economic Substance: What is it, and why is it important The 2013 financial crisis altered the global tax landscape, with many countries moving towards greater transparency and additional measures put in place to combat tax evasion and tax avoidance. Many countries, through the exchange of information with their foreign counterparts, have increased…

The EU and Cyprus’ Long-Term Measures to Boost the Economy Following the COVID-19 Pandemic

By Xenia Neophytou | June 14, 2020

 This is part II of a two-part series of articles discussing the economic measures proposed by the EU and Cyprus in response to COVID-19. This material was also presented as part of CX Financia’s participation in the June 4th webinar “Global Tax Post COVID-19” organized by Tax India Online (TIOL).” COVID-19’s economic impact on Europe…

How Did Cyprus’ Measures to Counter COVID-19’s Economic Impact Compare to those Suggested by the OECD & the EU?

By Xenia Neophytou | June 14, 2020

This is part I of a two-part series of articles discussing the economic measures proposed by the EU and Cyprus in response to COVID-19. This material was also presented as part of CX Financia’s participation in the June 4th webinar “Global Tax Post COVID-19” organized by Tax India Online (TIOL).” Big bad COVID-19 has led…

The Little Island that Could Against Big Bad COVID-19

By Xenia Neophytou | June 2, 2020

You know your country is either doing things well or dangerously failing when you see its name splattered across the media. During the COVID-19 pandemic, Cyprus has hit global headlines for all the right reasons. Articles from the Associated Press (AP), the New York Post and Agence France-Presse (AFP) reported on the country’s successful battle…

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Members of the Cyprus Investment Funds Association (CIFA). Registered Service Provider for the Cyprus Investment Program. Member of the Cyprus-India Association. Our team are Certified Persons in the Public Register of the Cyprus Securities and Exchange Commission (CySEC) and members of ICPAC