Simultaneously with all other EU countries, Cyprus adopted a new IP Box Regime as per the provisions of the OECD BEPS Action 5 and the new EU rules for the tax treatment of profit from the utilisation of intellectual property. Transitional provisions for IP assets under the old Cyprus IP Box...

Cyprus has become a gateway to Europe for many Asian investment funds. Due to its strategic location, flexible legislation, low costs and numerous other advantages many Asian funds prefer to establish their base in Cyprus. According to Mr Andreas Yiasemides, vice president of the Cyprus...

Hong Kong has been ranked as the second most competitive economy in the world by the IMD, International Institute for Management Development in its World Competitiveness Ranking 2018. 63 countries have been assessed for the purpose of the study based on the following four competitiveness...

According to Lebanon’s Central Bank or Banque du Liban (BDL)’s balance sheet, total assets of the bank reached $118.3 billion at the end of 2017, rising by $15.9 billion which is 16% increase compared with the previous year. Moreover, the securities’ portfolio of the Central Bank increased by...

Cyprus Notional Tax Deduction (NID) is a deduction against taxable profit calculated by applying a “reference interest rate” to new equity injected into companies and used by companies for the performance of its activities under certain conditions and constraints.The notional tax deduction in...

Cyprus is currently the fastest growing fund centre in Europe thanks to its modern funds legislation fully in line with all relevant EU Directives and its well-established network of financial and professional service providers. Alternative Investment Funds (AIF) are new investment vehicles as...

An individual enjoys the Cyprus Non-Domiciled Status if he/she is tax resident of Cyprus and has not been a tax resident of Cyprus as per the Income Tax Law for a period of 20 consecutive years prior to the introduction of the law (i.e. prior to 16 July 2015). An individual is considered to...

Unallocated gold storage, allocated gold storage, segregated gold storage or allocated and segregated gold storage – these terms describe the form of storage and the legal relation of a gold owner with his or her physical gold purchased and stored. The same terms are of course also used for the...

Cyprus is well known as a preferred country for holding companies, international or regional headquarters and investment companies. Cyprus continues to be the place of choice for many international businesses and business people, and for investors. Consequently, Cyprus company registrations are...

Cyprus has ranked first in the EU in terms of per capita absorption of funds from ‘Horizon 2020’ Research and Innovation Programme, Dr. Vassilis Tsakalos, General Director of the Cyprus Research Promotion Foundation (RPF), has said CNA. Cyprus has absorbed approximately €90 million funds so...

After an economic boom in 2016, hitting 2,9%, the economy of Cyprus continues its upwards trend, expanding by 3,8% in 2017. The highest growth was seen during the Q2 2017, where the annual growth hit 4%. While Q1 2017 showed a growth of 3,8%, expansion of Cyprus’ economy reached Q3 2017 was...

The European Economic Interest Grouping, in short: EEIG, is an interesting company structure based on EU law on the basis of council regulation(EEC) No. 2137/85 (Official Journal of the EEC L199 of 25 July 1985) as well as on the national laws regarding EEIG regulation. As EEIGs are not tax...

This article informs about necessary documents and information required for the opening of a bank account in Cyprus or elsewhere. We often hear that some service providers like consultancy firms, corporate service providers, accountants and others advertise “guaranteed bank account opening” in...

Shanda Consult continuously refines its processes to increase efficiency and quality of services. Read following all necessary details about Cyprus company registration, things to be considered, legal due diligence requirements, and documents needed from the client. About Cyprus Company...

Based on the a decision of the Parliament of Cyprus, Shanda Consult is offering a new product: "Cyprus Tax Residency by staying in Cyprus for only 60 days per year" Individuals can now obtain Cyprus Tax Residency by only staying 60 days in Cyprus, under the condition that they...

Cyprus company registrations increased 30% since the crises in 2013, as per October 2017. Shanda Consult is proud to announce that the number of Cyprus company registrations through Shanda Consult increased by almost 40% during the last 4 years. Thus, the quality of services and consulting...

Fiduciary and Administrative Service Provider Shanda Consult obtained in March 2015 its ASP Licence (Administrative Service Provider Licence) from CySEC, confirming Shanda Consult’s competence and compliance with respective EU Directives. Based in Cyprus, Shanda Consult provides professional...