Investor is entitled to sell his investments after 3 years, however he must hold possession of at least EUR. 500,000 worth of residential property; (+ VAT if applicable); Wide range of Investments – residential or commercial properties, investment funds, shares of...
Explore Our Latest Insights
Ten things you need to know for curving the road towards a successful estate planning:
‘’At PAHALAW we strive to deliver tailor cut estate planning solutions for tax optimization, asset management and succession law purposes to protect our clients’ hard-earned savings while taking care of the stressful uncertainties of tomorrow ’’. Paris Hadjipanayis,...
PAHALAW & TITANUS WEALTH PLANNING business trip to UK for promoting tax & asset planning services to non-doms realized with success.
The joint venture created under PAHALAW’s initiative in promoting international trust and insurance related services to the UK’s non domiciles whose tax exempt treatment (income tax – capital gains and inheritance tax) shall be affected with the upcoming tax changes...
Taxation on offshore trusts: how can the UK ‘non-doms’ benefit as of 6/04/2017?
• Offshore trustees have to pay Income Tax (IT) arising on UK source assets; however, when UK bank interests and dividends from UK companies are held by the offshore trustees, they are exempt from IT provided that for that tax year the beneficiaries were not UK...
Asset planning optimization for UK ‘non-doms’ (CIT & Insurance Wrapper Combo)
In order to obtain an even stronger structure for asset protection purposes, we propose a solution based on the combination of a Cyprus International Trust (CIT) and an Insurance Wrapper which is basically a life assurance policy (Proposed Solution). In accordance...
Tax changes for UK ‘non-dom’ residents leaves a time window open for asset planning till April 2017
Description: Changes to rules for non-UK domiciled clients represent a window of opportunity for financial advisers before April 2017. This opportunity comes from current legislation which allows non-domiciled clients to gift their asset of a life assurance or capital...
Electronic Money Institutions (EMIs) – Cyprus
Introduction The purpose of this Legal Briefing is to provide an overview of the legal, regulatory and operational framework relevant for Electronic Money Institutions (EMIs) established in Cyprus. The Electronic Money Law of 2012 (the “Law”) regulates the issue of...
Citizenship by Investment in Cyprus – New Criteria 2016
The Cyprus Council of Ministers has approved on the 13th of September a number of changes to the scheme of acquiring the Cyprus Citizenship y investment, coming finally in line with the general strategy of the government to further attract foreign direct investment...
Parliament voted yes to permanent property transfer fees and immovable property gain tax reduction
The implementation of the Lands and Surveys Department (Fees and Rights) (Amendment) (No 2) Law on the 14th July 2016 has made the reduction of the Property Transfer Fees by 50% permanent. The decision was taken following the pack of measures launched by the...
Egyptair Flight 181 hijacked in Cyprus – An air piracy case raising jurisdictional concerns over humanitarian rights
On March the 29th of year 2016, Cyprus became a witness to an act of air piracy, or “unlawful seizure” as it is known in legal terms, on Egyptair flight 181, which was operating a domestic flight within Egypt, where an Egyptian national unlawfully seized (hijacked)...
