Insights

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...

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...