In our last article on Economic Substance, we 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...