Resources

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Global Tax Developments in Response to the COVID-19 Pandemic

Fiscal policies have provided important emergency aid to individuals and businesses during the COVID-19 pandemic. They are also essential to increase countries’ ability to react to a crisis and assist …

Cyprus: Changing the Face of the Island’s Professional Services Industry

The recent developments on limited Cyprus’ Double Tax Agreement with Russia, and subsequent implementation of the Controlled Foreign Corporation rules in Ukraine have caused many to speculate that they will …

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Banking for Offshore Companies: Changing the Global Landscape

The COVID-19 pandemic, stringent regulations, and challenges from Electronic Money Institutions are pushing the traditional commercial banks to cut expenses and roll back operations. HSBC is a good example. It …

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How to: Get Your Yellow Slip in Cyprus

Applying for a residence permit (also known as the yellow slip) is a process which is to be completed by every EU citizen living and working in Cyprus. It is …

Cyprus ASPs: How We Can Help

Each licensed Administrative Service Provider (ASP) in Cyprus is registered under CySEC, and must comply with the preparation and submission of the below-mentioned reports in order to be eligible for …

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Cyprus: Holding Companies

Cyprus is an ideal place for holding company location. The following factors are important when deciding the location of a holding company: Tax treatment of inward and outward dividends. Tax …

Employer Branding: Why Do Companies Need It?

Eltoma Corporate Services offers you free participation in a webinar “Employer Branding: Why do companies need it?” that will be held on 29.09.2020 at 11 am (London), 1 pm (Cyprus). …

Key International Tax Developments & Legislative Changes

Eltoma Corporate Services offers you free participation in a webinar “Key International Tax Developments & Legislative Changes” that will be held on 22.09.2020 at 1 pm (Cyprus), 11 am (London).  …

UK: Registration, Maintenance and Liquidation of Companies

Eltoma Corporate Services invites you to join our free webinar “UK: Registration, Maintenance and Liquidation of Companies” that will be held on 15.09.2020 at 1 pm (Cyprus), 11 am (London). …

Details of the Cyprus & Russia Cross-Border Interest Hike

Russia’s Ministry of Finance has announced that it signed a Protocol to amend its double tax agreement with Cyprus earlier this month. The Protocol will increase the withholding tax at …

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UK to Start Charging Interest On Overdue Digital Services Tax (DST)

Earlier this month, the UK Government have a number of upcoming meetings to discuss The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable the HMRC to collect …

Cyprus’ Answer to Economic Challenges is Making Business Easier to do on the Island

Foreign investments might help Cyprus to overcome economic difficulties caused by the COVID-19 pandemic and adverse legislation moves on the Cyprus tax system. Historically, Cyprus is dragging its feet in …

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Russia Approve DTA & Increased Withholding Tax Rate with Malta

Russia’s Government has approved wording for a draft Protocol that it will seek to conclude with Malta, to revise their double tax agreement to increase withholding tax rates at source …

Cyprus Confirm Country-by-Country Reporting with the US

Cyprus has announced that a deal for the exchange of country-by-country reports between the island and the US is expected to become effective and cover reporting years starting on or …

Cyprus Has Been Thrashed by the COVID-19 Pandemic

The Cyprus tourism industry is a major reason for the sharp increase in the figure of the recently unemployed on the island. The recent government data has shown approximately a …

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Сommon Company Questions

If I want to open a bank account for an existing company that is older than 3 months, does it require any additional documentation? Banks in any jurisdiction has the …

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Company Registration

s it possible to pay for a virtual office on a monthly basis? As standard practice, we use a pre-payment for the financial year for the rental of our virtual …

Overseas Incorporation Concept

As reflected in the legislation that governs overseas jurisdictions, is there more pressure to survive? It should be noted that now the pressure on the offshore zones reduced. Offshore zones could …

Confidentiality Questions Regarding Overseas Accounts

Is there any assurance that tax authorities or other interested person, if desired, will not be able to get information about who is the real owner of the offshore company? …

Bank Account Maintenance

Which banks co-operate with Eltoma Corporate Services in matters regarding account opening? Company Eltoma Corporate Services offers bank account opening services in Cyprus, the Baltic States, Switzerland, Austria, Czech Republic, …