Author: kouloundilaw

BUSINESS SUCCESSION: WHAT IF YOU STEP AWAY TOMORROW It’s Friday evening. You lock the office, turn off the lights, and head home.Just like you have done for decades.The business will wait for you on Monday. It always has.What began as an idea became your routine, your identity, your second home. Years of long days, missed weekends, constant decisions. Growth...

FAMILY BUSINESS SUCCESSION: CASE STUDY 2 Securing a Blended Family’s Succession with a Cyprus Law Trust MP and GK are a married couple in their mid-60s with a combined estate of €10 million. MP has two adult children from a previous marriage, GK has one child, and together they have two children. They also run a family business together, which employs 25...

FAMILY BUSINESS SUCCESSION: CASE STUDY 1 Succession in family businesses is never just a business transition. It is an emotional, psychological and relational negotiation between accepting, belonging, and becoming. The M family has run a food distribution company for over 50 years. Founder CM built the business from scratch, instilling pride, tradition, and a...

The family offices worldFamily offices are frequently perceived as exclusive and discreet institutions, understood only by those who work closely with them.In its simplest terms, a family office can be defined as a dedicated structure designed to manage, preserve, and grow the wealth of affluent families across generations. Family offices provide control,...

The Cyprus Tax Residency and the Cyprus Non-Dom Regime The Cyprus Tax ResidencyIn Cyprus, domicile is defined in two ways: (a) domicile of origin, which an individual inherits at birth, and (b) domicile of choice, which an individual acquires by establishing a permanent residence in a specific place.The concept of “non-domicile” refers to individuals who are...

Are You a Family Business? Act Before It’s Too Late. The Critical Role of a Shareholders Agreement In the early stages of building a Family Business, trust, tradition, and shared values form the foundation. Decisions are often made informally, and legal safeguards may seem unnecessary – after all, “this is family.” But as the business grows, as...

Cyprus Introduces New Tax Measures on Low-Tax JurisdictionsCyprus has passed legislation introducing stricter tax measures targeting low-tax and non-cooperative jurisdictions:17% withholding tax on dividends paid to associated companies in low-tax jurisdictions, effective from 1 January 2026.Interest and royalty payments to such companies will no longer be...

Establishing a Family Office in Cyprus: Benefits A Family Office could be defined on general terms as a dedicated structure designed to manage, preserve, and grow the wealth of affluent families across generations.High-Net-Worth Individuals (HNWIs) and multi-generational families are increasingly establishingsingle-family offices to address the wealth...

Cyprus tax reform: key points of the proposal On 26 February 2025, the University of Cyprus’ Economics Research Centre unveiled its proposed tax reform plan to important stakeholders, such as business leaders, industry associations, and professional groups. The proposal will be subject to public consultation. After the consultation phase concludes, the Ministry...

The UK Non-Dom Regime ends The Cyprus Gateway: A Strategic and Family-Friendly Hub with Vast Business Opportunities Starting in April 2025, the concept of non-domicile will be removed from the UK tax system and be replaced with a new framework for taxing the foreign income and gains (FIG) of individuals who become UK residents. THE CYPRUS NON-DOM REGIME The...