Growth Sectors in Cyprus

Download the presentation slides here. Mrs Xenia Neophytou, Managing Director of CX Financia Ltd, discussed Cyprus’ key growth sectors in the webinar organized by Great Britain – Cyprus Business Association. The webinar was titled “Buying or Relocating in Cyprus” and aimed in providing an overview of the aspects of purchasing a property in Cyprus and…

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Compliance Challenges for Today’s Financial Service Providers: Webinar Catch Up

We have often talked about the importance of creating a Strong AML Compliance Culture, and the many challenges firms face in order to comply more efficiently and effectively with ever-changing regulations. Recently, CX Financia Director Xenia Neophytou had the opportunity to participate in a webinar hosted by Taxlinked, the first online community designed and created…

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Establishing Economic Substance in Cyprus

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…

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What is economic substance?

Setting up Office

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…

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Global Tax Post COVID-19 Webinar

In a post-COVID-19 world, the global economy is set to undergo a transformative makeover in all aspects, including taxation. In fact, recent developments in the areas of International Taxation, transfer pricing, digital taxation and even VAT on cross-border supplies have certainly demonstrated the extent of these changes. On June 4th, Tax India Online (TIOL) held…

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The Little Island that Could Against Big Bad COVID-19

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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COVID-19: How it affects businesses in the UK and Cyprus

Cx Financia participated in a short questionnaire survey to businessmen and professionals in the UK and Cyprus, contacted by the Cyprus – UK Business Association, asking them to give their feedback about the problems they face, new measures needed to be announced by the government and how they plan to face the current economic crisis. In…

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Cyprus and India: A Multitude of Investment Opportunities

India and Cyprus share a historic friendship that is based on a common set of values and a shared history of colonialism. Over the years, more than 15 agreements and memorandums of understanding have been signed between the two countries, for cooperation in the fields of commerce, science and technology, culture, information exchange, health, and…

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