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Author: koufettaslaw

CYPRUS CORPORATE TAX HIGHLIGHTS

Corporation tax of 12.5% on net profits (lowest in the EU) Existence of double taxation treaties with over 40 countries Dividends to shareholders are tax free. No withholding tax on interest Expatriate employees, receiving their salary through Cyprus, do not pay income tax if working abroad. Double tax treaties with over 50 countries No inheritance or gift tax in Cyprus; No Net Wealth Tax Free movements of profits derived from operation on non resident investments Full capital gains tax exemption is given on capital gains Salaries of foreign employees of offshore entities employed outside Cyprus are completely tax exempt Access to EU directives Profit from the disposal of shares, securities etc....

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TOP 10 PITFALLS TO AVOID WHEN BUYING PROPERTY IN CYPRUS

Pitfall 1 - Not appointing a property specialize lawyer Pitfall 2 – Choose a licensed reputable agent Pitfall 3 – Ensure that the property is not the subject of an ownership dispute Pitfall 4 – Failing to consider all the relevant costs Pitfall 5 – Handing over a reservation fee without written reservation terms Pitfall 6 – Signing a contract of sale without due diligence having been undertaken Pitfall 7 – Failing to get everything in writing Pitfall 8 – Failing to stamp and deposit the contract of sale Pitfall 9 – Rushing in Pitfall 10 – Failing to make a Cyprus Will...

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PERSONAL INJURY COMPENSATION

WHAT KIND OF COMPENSATION CAN I RECOVER? We know one of the most pressing questions will be how much money you will be able to recover following a serious accident. The truth is that  every case is different and will be contingent on the individual factors you are facing.That being said, our team believes in taking a comprehensive approach and helping our clients recover comprehensive compensation.   Our goal is to help clients recover maximum compensation for accident-related expenses, such as:   MEDICAL EXPENSES LOST WAGES PROPERTY DAMAGE LOSS OF ENJOYMENT OF LIFE DIMINISHED EARNING CAPACITY           ...

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