Cyprus Offshore Companies formation

Key benefits of Doing Business in Cyprus (Infographic)

January 07,2014

Copy the following code and paste it in order to publish this infographic to your website From: KSA Public Accountants


Cyprus is going to the right direction

December 21,2013

The program of Cyprus is on a good way and has achieved good progress in all areas, according to an announcement by the European Commission (EC), the European Central Bank ( ECB ) and the International Monetary Fund ( IMF ). After the completion of the second evaluation of the memorandum, Mrs Velkouleskou from IMF […]


The natural gas and the future of Cyprus

December 02,2013

The announcement of the results of the drilling of the Block 12 of the Cyprus Exclusive Economic Zone is a significant and positive development and represents the beginning for use of natural gas. The confirmation of a significant reservoir, the third largest in the Eastern Mediterranean places Cyprus in the energy map of the area. […]


Cyprus still an attractive International Business Jurisdiction

March 27,2013

Cyprus has recently faced a problem with its two biggest banks after they have been heavily affected by their presence in Greece. However Cyprus remains as an attractive location for International Business with many tax advantages that have not been affected as it explained below. Cyprus came to an agreement with the Eurogroup on Sunday […]


Favourable Taxation of Intellectual properties in Cyprus

January 23,2013

Changes to tax legislation in Cyprus for Intellectual properties, Royalties etc. The new IP Regime: An 80% exemption on royalty income and capital gains upon disposal of IP Losses can be carried forward indefinitely Gross IP income reduced by expenses incurred for the production of IP income Competitive amortization provisions over a 5 year period […]


Major Changes in the Tax Map in 2012 and 2013

January 25,2012

TAX CHANGES 2012 AND 2013 Significant tax changes take place in 2012 and in 2013, after a significant number of drafts of law took effect after their vote in the parliament. The main changes are: Taxation of dividends increased to 20% One of the most significant changes for businesses is the increase in the Special […]


Noble Energy – Natural Gas Found in Cyprus

January 25,2012

In 2007, three-dimensional seismic surveys indicated very promising technically recoverable natural gas reserves off the coast of Cyprus. After licensing bids, Noble energy received the concession to explore Block 12 in October 2008 and in August 2011, Noble entered into a production-sharing agreement with the Cypriot government regarding the block‚Äôs commercial development. On 28 December […]


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