Transcript
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have your Cypress company get taxed
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legally at
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2.5% the 2.5% is a special tax status
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for companies which are G which engage
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in the creation of unique technology
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products this could be a website this
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could be a program it could be a pattern
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and intellectual property right of of
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some sort that has been created here in
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Cyprus so if you have a technology team
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and you want to take advantage of this
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beautiful taxation that is given only by
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the Cyprus companies you can contact us
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and we will assess and review whether
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your company and your operations are
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eligible for this
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incentive now the
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process is really streamlined but it
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requires a lot of skill and expertise in
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order to draft the application
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to the income tax office and primarily
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what the income tax office wants to see
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is that this product this technology
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product that has been used by your
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company was created here in Cyprus so
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the Cyprus company needs to ensure that
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it paid out either locals or
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International it people or it companies
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to create something unique which users
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usually from all over the world can use
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and
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enjoy and this is a detailed paperwork
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that we will draft with you in
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collaboration with you you need to
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describe the certain areas that we will
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advise you on and we need to read review
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it is going to go backwards and forwards
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until we're happy that once we submit
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this application and this extensive
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report to the Cyprus income tax office
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they will en enable your company to be
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taxed under this special
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tax status so if you're a technology
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company if you're creating codes if
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you're creating products that other
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users use this could be even a
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website a Marketplace or an add-on to
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other websites please drop us an email
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at kt@ Cyprus accountants.com and we
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will assess and make sure that we let
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you know whether you are eligible for
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this beautiful 2.5% corporation tax of
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course the dividends will be entirely
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taxfree if you're an overseas investor
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an overseas shareholder or if you
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relocate to Cyprus we will make you a
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Cyprus tax resident and non-d domicile
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and again your dividends will be
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entirely free so we are only talking
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about 2.5% corporation tax and that's
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it more information drop me an email kt@
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Cyprus accountants.com of course visit
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our website Cyprus accountants.com
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thank you for watching and feel free to
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explore more videos where we analyze uh
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other trading income Wes entirely
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taxfree zero tax we have other
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industries that get other incentives
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like the shipping industry like
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the movie production industry and many
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others
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
