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Το Υπουργείο Ενέργειας, Εμπορίου και Βιομηχανίας ανακοινώνει τη 2 η Προκήρυξη του Σχεδίου Ενίσχυσης Νέας Επιχειρηματικής Δραστηριότητας, με συνολικό Προϋπολογισμό που ανέρχεται στα €20 εκατομμύρια.

Many international businesses are relocating in Cyprus to setup a company, a branch, a holding company or other structure like partnerships and trusts. Cyprus Companies offer many competitive advantages when compared with other global business centers. The following factors make Cyprus one of the most attractive international business hubs in the world for doing international business activities.

• Strategic geographical location. Cyprus is located in the eastern Mediterranean Sea, at the crossroads of three continents, Europe, Asia and Africa
• Business friendly
• English language is widely used as the main business language but one of the biggest advantages of Cyprus is the legal system which is based to the English law making it very effective and suitable for entrepreneurs. Educated workforce
• EU Member State
• Low set up and operating costs
• Efficient business environment accomplished by simple administrative procedures
• Advanced transport and telecommunications network
• High Standard of Living
• A beautiful country with a mild climate, no crime rate, hospitable population, a fantastic cuisine and tasty fruits and vegetables
• The favorable tax system

Cyprus today constitutes a world service center. Businesspeople benefit from the country’s simple tax legislative framework with competitive tax rates, also in line with the E.U. acquis and governed by a wide range of double taxation agreements with other countries.

In the ever-changing world of international investments, Cyprus Holding Companies have become a powerful tool for international investors. At CX Financia, we’ve noticed a surge in interest in this advantageous structure, especially regarding its tax benefits and effective implementation. As a response to this growing interest, our seasoned team has decided to delve deeper into the practical aspects of Cyprus Holding Companies. This article, serving as the second part of our comprehensive series on Cyprus Holding Companies and tax planning, aims to provide a clear understanding of its benefits, precautions, and real-world applications. For those who wish to revisit the first part of the series, you can find it here.

How to avoid penalties and fines for your Cyprus Company

Is not just about tax liabilities. Keeping your penalties and fine bills down for your Cyprus company could also be an issue which really, it is simple to tackle!

We summarise below what we believe are the easiest ways to get rid of penalties and fines for your company!!!