Many entrepreneurs face the issue of tax reporting for Controlled Foreign Companies (CFC), especially in the case of selling a company at the beginning of the year. Let’s consider the situation and the tax authority’s position. Situation On January 16,…
Why Does Cyprus Remain a Popular Jurisdiction for Holdings? Cyprus has traditionally been considered one of the key jurisdictions for structuring international business. The main factors that make it attractive for holding companies include: However, in 2024, using a Cyprus…
Opening a bank account in Cyprus for companies with foreign owners can be a complex process, especially for Ukrainians. To avoid rejection, it is important to follow specific steps and consider the particular requirements of Cypriot banks. Step-by-Step Guide to…
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