The House of Representatives passed legislation which amends the Cypriot Income Tax Law and the Special Contribution for the Defence of the Republic Law. The main purpose of these amendments is to encourage the establishment of funds in Cyprus and to attract foreign...
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Εγκλωβισμένοι αγοραστές, τί αλλάζει και ποιά τα νομικά κωλύματα.
Το ζήτημα των εγκλωβισμένων αγοραστών ταλανίζει την πολιτική και κοινωνική ζωή της χώρας για αρκετά χρόνια. Η προσπάθεια της κυβέρνησης να επιλύσει το ζήτημα με το Νόμο περί Μεταβιβάσεως και Υποθηκεύσεως Ακινήτων το 2015 απέβη άκαρπη καθότι ο νόμος κρίθηκε...
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...
Τι αλλάζει επί του νομικού πλαισίου προστασίας προσωπικών δεδομένων από την 25.05.18
Σε μια εποχή ψηφιοποίησης του τρόπου του βίου του σύγχρονου ανθρώπου, τόσο σε επίπεδο οικονομικών συναλλαγών όσο και προσωπικής έκφρασης (μέσα κοινωνικής δικτύωσης κτλ), τίθεται επιτακτικά η ανάγκη περεταίρω θωράκισης και κατοχύρωσης του δικαιώματος της προσωπικότητας...
Inside peaks on unfair terms included in consumer CHF loan contracts
In September 2017 a case was referred to the ECJ by a Court of First Instance in Romania regarding the validity of certain terms included in a loan contract agreement entered by a Romanian couple with SC Banca Transilvania SA (C-627/15). Although the ECJ’s Advocate...
Our take on estate planning for UK nationals and ex-pats in Cyprus
‘’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,...
Corporate substance for Cyprus Companies: a game changer as of 2019
In June 2017 Cyprus has become a signatory to the Multilateral Convention to Implement Tax Treaty – Related Measures to Prevent Base Erosion and Profit Shifting (“beps”). This instrument will effectively amend existing double tax treaties between the signatory...
Key actions to consider when restructuring for your UK real estate portfolio post 06/04/2017
As an immediate effect of the newly arrived Finance Bill 2017, in this article we analyze the effect of the rules concerning taxation matters for UK residential or non-residential properties to help investors and tax planners dealing with their client real-estate...
Major benefits of the Citizenship program by investment in Cyprus
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...
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,...
