Author: totalcy

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...

FAQ: Cyprus International Trusts Q:What is a Trust?  A:A Trust could be characterized as the relationship created when the Settlor (the person creating the trust) transfers personal property (the trust property) to the Trustee to hold and/or manage such property to the benefit of the Beneficiaries of the trust in line with the terms of the trust deed (the...

Family businesses are unique. They are not just businesses; they are a blend of family and enterprise, where emotional and economic systems are interlinked. While the business aspect is critical, the “family” factor carries equal weight, shaping governance, structure, and strategy. Yet, many family businesses overlook this delicate balance, leading...

Key changes in the framework regulating the register of beneficial owners On 06/12/2024, the Law on the Prevention and Suppression of Money Laundering Activities (Amendment) (No. 2) Law of 2024, numbered N.141(I)/2024 (the “AML Law”), was published. The changes aim to address both compliance challenges and practical concerns faced by companies and other legal entities. The main amendments of...

Ensure the Registered Address of your Cyprus Company Includes a Postal Code The Department of Registrar of Companies and Intellectual Property has launched an important update campaign to ensure the accuracy of the Companies Registry. All registered companies are urged to verify their registered office address, ensuring it includes a Postal Code, and to update the Registry if any changes...