Cyprus Offshore Companies formation

Why Isle of Man Is a Great Jurisdiction for an Offshore Company

June 17,2014

Located in the Irish Sea between Ireland and Great Britain, the Isle of Man is a very popular destination for many who plan to set up an offshore company. The Isle is self-governing, although they are a dependant of Britain, and the head of state is still Queen Elizabeth. They utilize British law to govern […]


What Is a Double Tax Treaty?

June 10,2014

A double tax treaty, sometimes called a double tax convention, is a means to help eliminate the possibility of having to pay taxes twice on the same source of earned income. Most countries have these sorts of treaties in place. The treaties can also provide a means of having certain types of treatment when it […]


Seychelles Companies – Benefits and advantages

June 02,2014

Setting up a company in Seychelles could be a very good idea for business owners looking for an alternative jurisdiction. Of course, many do not even know what Seychelles is or where it is. The Republic of Seychelles features 155 islands and is located in the Indian Ocean. They are a relatively small nation with […]


What Are the Major Benefits of Tax Haven Jurisdictions?

May 07,2014

Large, mid-sized, and even some relatively small companies today are looking for tax haven jurisdictions where they can start and incorporate their own company. They are moving their companies out of their own countries because they want to have some of the benefits and advantages that those other nations can offer for their companies, namely […]


5 Basic Accounting Tips for Small Business

April 24,2014

When starting up a new small business, many things can garner your attention and take your mind off some of the most important aspects of running your business properly. One of the areas that tend to suffer quite often is actually the accounting. Companies that do not focus on accurately tracking their bills, expenses, and […]


British Virgin Islands (BVI): Why Is It a Popular Destination for Companies?

April 15,2014

Many companies today are looking for tax havens located outside of their home country. They do not plan to evade taxes, but they do want to pay only a fair amount of taxes for their business. One of the most popular of these tax haven jurisdictions is the British Virgin Islands, or BVI. Companies will […]


Tax Diary 2014

March 26,2014

End of each month • PAYE deducted from employees’ salaries for the previous month • Defence contribution deducted from dividends, interest or rent paid in the previous month 31 January • Submission and payment of special contribution for defence on deemed dividend distribution for the tax year 2011 31 March • Electronic submission of 2012 […]


The third assessment of Cyprus Economy by Troika

March 24,2014

Echelons experts of the European Commission, the European Central Bank (ECB) and International Monetary Fund (IMF) visited Nicosia between 29 January and 11 February 2014 with a view to the third assessment of the economic program of Cyprus, which is funded by the European Stability Mechanism (ESM) and the IMF. The approval of this evaluation […]


Big step on financial sector in Cyprus

March 17,2014

The Cypriot Authorities performed a big step from March of 2013 in order to improve restrictions on money movements within the Republic. The finance of Minister Mr. Charis Georgiadis expressed a satisfaction for the restructuring plan of the cooperative credit sector by the European Commission noting that is an important step for the full stability […]


Why Cayman Islands is a popular tax haven for offshore companies

February 25,2014

The Cayman Islands are a British Overseas Territory located in the western Caribbean Sea. They are considered to be part of the geographic Western Caribbean Zone as well as the Greater Antilles. It comprises by three islands of Grand Cayman, Cayman Brac and Little Cayman located south of Cuba and northwest of Jamaica. The Cayman […]


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