According to a notice published on the OECD's web site, in 2014 Cyprus and 43 other jurisdictions (including Malta, the Netherlands, Great Britain, the Isle of Man and the islands of Guernsey and Jersey) confirmed that the first automatic transfer of tax information, in accordance with the standards proposed by the OECD, would take place in September 2017. It is expected that this group is likely to increase in number as the above countries are joined by other countries willing to support the automatic exchange of tax information.
List of services
Cyprus: automatic exchange of tax data, new property tax rates
The companies offer a full range of trust and fiduciary services. We create trust institutions and offer services as nominal shareholders, trusts and trust managers.
Cyprus’ legal system, based on Common Law System, is perfectly suitable for using trusts’ and trust managers’ services.
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Trust Management and Inheritance Rights
Cyprus’ legal system, based on Common Law System, is perfectly suitable for using trusts’ and trust managers’ services.
The companies offer a full range of trust and fiduciary services. We create trust institutions and offer services as nominal shareholders, trusts and trust managers.
Cyprus’ legal system, based on Common Law System, is perfectly suitable for using trusts’ and trust managers’ services.
Important amendments have been introduced into Cyprus International Trusts Law to create even more opportunities and benefits for foreign investors.
Cyprus International Trusts offer the following definite advantages:
1) Any income earned by a Cyprus International Trust (regardless of its activity type) outside Cyprus is not taxed in Cyprus (unless a beneficiary of such trust is a Cyprus resident).
2) Any income, dividends or interest received by a Trust from a Cyprus company is not taxed.
In addition, our companies offer legal assistance for matters of inheritance law. Such services include preparation and signing of wills, various instruments and agreements.
One must note that inheritance tax has been abolished in Cyprus, and this also applies to any real property located in Cyprus.