We are entering an era of transparency. States around the world would like to know what their citizens and corporations are doing in order to control tax evasion and avoidance.
The introduction this year in a lot of countries of the Common Reporting Standard will put an end to banking secrecy as it will require banks, financial institutions and trustees to name a few to disclose to their local tax authorities details of bank accounts, investments and other assets that are being held in the name of persons who are not resident of the country these institutions operate in.
This is one of the main reasons why we have prepared this website. To assist high net worth individuals who would like to protect their wealth by obtaining a second citizenship or a second residency in a country where the tax burden is lower than their current country of residence.
We believe that Cyprus offers a wonderful location to be based in, being at the crossroads of three continents with easy access to Europe, Africa and Asia. A safe place to live with one`s family and a European Union country which offers free movement not only within the European Union but also to another 130 countries worldwide. On top of that, Cyprus corporate tax at 12.5% makes it an ideal place to expand one`s business within the 750 million European Union market!!
Can it get better than this? Yes it can!! If you are a nondomicile of Cyprus and you become resident there (more than 183 days a year presence in Cyprus) all the dividends you receive in Cyprus from your Cypriot or foreign company will be totally tax free of any Cyprus taxes!
We hope, whether you read this website as a high net worth individual, or as a professional advisor, you will contact us so that we can provide you with all the necessary support and assistance you might need in order to obtain Cyprus citizenship or residency not only for your own benefit but for the benefit of your family.
Why would someone consider a second permanent residence or citizenship?
- Sheltering wealth through tax planning
- Protection against political and economic instability
- Expansion of investment activities
- Financial and personal privacy
- Access to quality education
- Access to excellent healthcare
- Mobility and freedom to travel
- Finding a better place for living and retirement