Cyprus Ratifies MLI PUBLISHED ON 29/01/2020
Cyprus: Companies Need Sufficient Substance to Avoid Cross-Border Tax Issues As from 1 January 2021, Cyprus will apply the “Principal Purpose Rule” (PPT) and the “Limitation of Benefit Clause (LoB; simplified or detailed) in respect of tax treatment of related to cross-border profit transfers. In short; if a Cyprus company’s principle (or main) purpose is […]
SPACs Hit Record in 2019 PUBLISHED ON 14/01/2020
Special Purpose Acquisition Companies (SPACs) aren’t new, but they are coming back in a big way. SPACs offer an alternative to a traditional Initial Public Offering (IPO). Instead of being underwritten by a major investment bank, a SPAC allows a company to go public by using an already listed SPAC and a reverse merger.
PRESS RELEASE +++ UAE MoF begins receiving CbCR notifications PUBLISHED ON 12/12/2019
The Ministry of Finance (MoF) announced that it has started to receive CbCR notifications, through the CbCR notification system. This is in accordance with Cabinet Resolution No. 32 of 2019 regarding Country-by-Country Reporting (CbCR) in the United Arab Emirates.
Setting up Your Business in Cyprus PUBLISHED ON 05/11/2019
Are you aware of the advantages of setting up your business in Cyprus? Planning to set up your business in Cyprus? Read about all necessary details and how we can support you.