Cyprus as an attractive jurisdiction for international business

Cyprus has not always had the best reputation among Czech officials and businesspeople. For many years, it was regarded as a tax haven. All of this changed, though, with its joining the European Union in 2004, when a number of policies were passed, giving it the status of a transparent member state that still strives to attract foreign businessmen.

At this moment, Cyprus is recognized as a jurisdiction with tax incentives and attractive taxation regimes, particularly for the IT, finance, and intellectual property sectors. Cyprus is still known for its pleasant weather throughout the year, stunning landscape, hospitable English-speaking locals, particular location between Europe and Asia, and ease of accessibility from most large European cities. This course is intended as an introductory seminar for people looking for a safe country in the European Union with a strategic geographical location for their worldwide business.

Typical situations:

• A sole proprietor who works remotely is thinking about relocating to a suitable place with favourable taxation.
• Management intends to establish a holding structure and is seeking a suitable location.
• The company generates money by selling rights and licenses and is looking for an appropriate tax jurisdiction.
• A multinational team of co-workers is developing a start-up firm that they intend to sell later and is considering where to locate this company.

Learning outcomes:

• You will discover why Cyprus is no longer a tax haven and the variations in taxation between Cyprus and the Czech Republic.
• You will grasp how employees and sole proprietors are taxed in Cyprus.
• You will be shown step-by-step how to set up a business in Cyprus.
• You will learn which types of business activity benefit from having a Cyprus corporation.

The training is moderated by Tatiana Gasanova and Tomas Kabrt:

Tatiana is an ACCA-qualified accountant and independent tax advisor in Cyprus. She has 13 years of experience in accounting and taxation. ACCA mentor. Graduated from the Accounting Master’s program at Belarussian State Economic University. Tatiana continuously develops herself by attending different seminars and conferences.

Tomas is a registered tax advisor and accounting professional in the Czech Republic. He focuses on individual and corporate income taxes, VAT, and international taxation. Graduated from the Finance doctoral program at Prague School of Economics and Business. He is also a university lecturer and regularly contributes to professional publications and scientific journals.

REGISTRATION

• free for Impact Hub members
• 120 CZK for non-members
• 350 CZK if you’d like to get Tarif connect (and a free entrance)

This event will be held in English.