Финансово-консалтинговая компания CYWORLD WEALTH
<h1 class="entry-title">Category: News</h1>
13 Jun
The European Commission has published a new plan for corporate tax reform CYWORLD WEALTH Advocate Cyprus

The European Commission has published a new plan for corporate tax reform

The European Commission has published a new plan for corporate tax reform The main points of the Commission’s proposal are set out as follows: The general set of rules for improving the business environment in the Single Market Business in Europe: Income Taxation System (or BEFIT), designed to reduce bureaucracy, reduce compliance costs and minimize […]

10 Jun
Why do banks refuse to open accounts? CYWORLD WEALTH Advocate Cyprus

Why do banks refuse to open accounts?

Why do banks refuse to open accounts? Opening a bank account has become a tricky business today. It is much faster to open an account in payment systems, but this is not a full-fledged replacement for a bank account. Now you will not find a bank that will open an account without asking who is […]

06 Jun
EU tightens tax rules for big business CYWORLD WEALTH Advocate Cyprus

EU tightens tax rules for big business

EU tightens tax rules for big business After five years of discussions, representatives of the European Union states and members of the European Parliament have nevertheless agreed on new tax rules for especially large enterprises. According to the new tax rules, published on June 1, international companies will have to provide data on the amount […]

02 Jun
Singapore Updates GST e-Tax Guidelines for the Maritime Industry CYWORLD WEALTH Advocate Cyprus

Singapore Updates GST e-Tax Guidelines for the Maritime Industry

Singapore Updates GST e-Tax Guidelines for the Maritime Industry On May 31, 2021, the Inland Revenue Authority of Singapore (IRAS) published an updated e-tax guide: The Maritime Income Tax Guide (Third Edition). The guide explains how the goods and services tax works for ships and certain ship and marine supplies. In the updated legislation, information […]

23 May
Cannabis as a new economic direction in Cyprus Advcote Cyprus CYWORLD WEALTH

Cannabis as a new economic direction in Cyprus

Cannabis as a new economic direction in Cyprus In February 2019, the Cyprus Parliament voted to amend the 1977 Drugs and Psychotropic Substances Act. Thus, the new rules on drugs and psychotropic substances from 2019 came into force, which entered into force on March 6, 2019. Luis Panayi, head of the pharmaceutical service of the […]

17 May
Why do you ned to open a company in Jersey? CYWORLD WEALTH Advocate Cyprus

Why do you ned to open a company in Jersey?

Why do you ned to open a company in Jersey? The most French point of all the possessions of the British crown, Jersey is located in the English Channel, on the sea route from England to France. The country has a 1991 Law on Companies. This law regulates the processes of creating and conducting business […]

12 May
Panama introduces amnesty regime for social security contributions

Panama introduces amnesty regime for social security contributions

Panama introduces amnesty regime for social security contributions The Panamanian authorities published in the Official Gazette Law No. 215 of May 6, 2021, which provides for an amnesty regime for unpaid social security contributions. This innovation is a response to the COVID-19 pandemic and provides that taxpayers with unfulfilled social security obligations will not be […]

30 Apr
Cyprus In Preparation for Central Register of UBO(s) Advocate in Cyprus CYWORLD WEALTH

Cyprus: In Preparation for Central Register of UBO(s)

Cyprus: In Preparation for Central Register of UBO(s) The European Union has constantly taken steps to ensure transparency of the beneficial ownership (UBO)  The importance of the forthcoming measures is evident and well-grounded. Business transparency is the foundation of efficient economy and of social well-being of society. Furthermore, it encourages the search for new solutions […]

09 Dec
Account for an existing offshore company Advocate Cyprus CYWORLD WEALTH

Account for an existing offshore company

Account for an existing offshore company Many existing offshore companies are faced with the problem of opening corporate accounts in selected jurisdictions. Banks’ requirements for opening accounts are constantly changing: Accounting audited reporting. Transparent structure of company ownership. Real presence in the country of registration (substance), etc. For a classic offshore company, it is quite […]

08 Dec
ОАЭ допускает полное иностранное владение компанией

UAE allows full foreign ownership of the company

UAE allows full foreign ownership of the company The authorities of the United Arab Emirates allowed foreign businessmen to register and fully own companies that operate in the country. This order was published on the official website of the UAE President Khalifa bin Zayed bin Sultan Al Nahyan. Foreign entrepreneurs will be able to fully […]

19 Nov
Tax for EU Blacklisted Companies in Cyprus CYWORLD WEALTH Advocate Cyprus

Tax for EU Blacklisted Companies in Cyprus

Tax for EU Blacklisted Companies in Cyprus The Ministry of Finance of the Republic of Cyprus has published a draft budget law for 2021. This document provides for an additional tax for companies that are registered in jurisdictions included in the EU “blacklist”. The corresponding change has already been approved by the Council of Ministers […]

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