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Establishing Economic Substance in Cyprus

Xenia Neophytou, managing director, CX Financia, 20/08/2020

In our last article on Economic Substancewe discussed the role of substance in tax planning and how this has become increasingly significant in the global economy. 

With many companies establishing a presence in Cyprus to benefit from the island’s favourable double taxation treaties, it is of paramount importance to demonstrate that management and control of a Cypriot registered company is exercised in Cyprus, and there is sufficient economic substance and physical presence to validate this.

Why Cyprus?

Cyprus is a well-respected and experienced Tax Incentive cou...


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