Tax and accounting regulations

Limited Liability Company (Srl – Societa a responsabilitia limitia).

RUNNING COSTS

  • Chartered accountant from: EUR 5,400.00 registering 20 invoices in and out, email support, yearly return and 1 meeting every quarter. This is to be taken on account and a formal quotation will be given by the accountant.
  • Bookkeeping at cost to be defined according to requirement

NOTES

  • Costs net of qualified tax, duties and costs unless otherwise stated.
  • Costs for standard Srl. Company with basic activity and no employees.

OFFICES

  • Virtual Office in Italy (includes telephone, fax and mail forwarding facilities): 350.00 EUR per month payable quarterly in advance plus 1,150.00 EUR deposit refundable within 30 days upon termination of your office contract
  • If a year is paid in advance the fee is reduced to 320.00 EUR per month plus a 500.00 EUR deposit, refundable when the contract expires and provided that 3 months notice is given. Set up fee for all office contracts is 250.00 EUR
  • Serviced offices: cost as per requirement.

Branch of a Foreign Company

ACCOUNTANCY

  • Company services from: 5,500.00 EUR.
  • This includes registered office, complete accountancy service (including VAT return and tax return), 100 invoices per year. Please contact us for a quote if invoices exceed this figure.
  • Bookkeeping at cost to be defined according to requirement.

NOTES

  • Costs net of qualified tax, duties and costs unless otherwise stated.
  • Costs for standard Srl.company with basic activity and no employees.

OFFICES

  • Virtual office (includes telephone, fax and mail forwarding facilities): 350.00 EUR per month payable quarterly in advance plus1,150.00 EUR deposit refundable within 30 days upon termination of your office contract. If a year is paid in advance the fee is reduced to 500.00 EUR per month
  • Serviced offices: cost as per requirement.

 

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Register a Italy company.
Open a Italy bank account.

  Resources:

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The Tier 1 Investor Visa: are the UK government checking candidates' source of wealth? Evidently not..

One of many legal disputes resulting from the recent infamous Kazakhstan BTA bank fraud case has shed new light on a little-known immigration scheme colloquially known as the golden visa scheme and officially called a Tier 1 Investor visa in the UK; the scheme grants investors residency in exchange for spending £2m in UK bonds or shares through a bank, with applicants eligible for to remain indefinitely, with full citizenship after five years.

EU release list of tax havens & blacklisted jurisdictions for the first time

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A beginners guide to filing capital statements in Cyprus

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The Cyprus Passport by Investment scheme: at who's expense?

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Cyprus Minister of Finance Mr Harris Georgiades released a statement condemning critics of the Cyprus passport by investment programme that has seen raise over €4 billion since the launch of the scheme in 2013 which was implemented to attract foreign investment to mitigate damage in light of the banking crisis.

Cyprus Variable Capital Companies: AIFs

Cyprus Variable Capital Companies: AIFs

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Cyprus Variable Capital Companies: Open-Type UCITS

Cyprus Variable Capital Companies: Open-Type UCITS

There are two types of VCCs in Cyprus; UCITS which we will discuss in the following article, and AIFS.

 

Protection of Nominee Directors from IRD claims for Cyprus client companies

Legislation re Cyprus Tax Residency:

Cyprus Company Law: Responsibility of Directors for the non-payment of taxes

Cyprus Company Law: Responsibility of Directors for the non-payment of taxes

A Company Director, in a company incorporated under the laws of the Republic of Cyprus, may be found liable by the Inland Revenue or Customs & Excise with regarding tax related issues. As per the legislation, the Inland Revenue or Customs & Excise may personally prosecute the Company Directors who are involved in any taxation offence(s) or related financial matters.