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Agios está ahora oficialmente en la búsqueda de una nueva gama de lujo chalets en alquiler en Chipre .

Habiendo llegado a la fase final una disposición nueva página de inicio, estamos ampliando algunos de nuestros servicios de alquiler para ayudar a hacer la experiencia de la reserva y disfrutar de una casa de vacaciones en Chipre , que mucho mejor. Villas, por supuesto, estar sujeto a un riguroso escrutinio para asegurar que siguen siendo la parte superior de la pila en términos de presentación, la calidad de los productos y servicios.

Villas que, obviamente, va a ser alto en la lista de buscados, se villas cerca de las playas o al menos la línea de costa. Villas cerca de las atracciones ya poca distancia de restaurantes con buena comida también son excelentes opciones.

El tema de Chipre Apartamentos siempre viene y nos va a cambiar nuestra forma de trabajar para ello. Un apartamento de vacaciones en Chipre es para la gente que no quiera algo demasiado grande o demasiado caro. Es debido a los costos que no pueden a cargo de buena fe un propietario de una comisión, ya que termina por aumentar las tasas del departamento después del mercado. Por lo tanto si usted tiene un apartamento en Chipre, por 100euro por año usted puede anunciar su propiedad en nuestro sitio web y recibir solicitudes de información directamente de ella.

Así que si usted o alguien que usted conoce tiene un chalet o apartamento que tienen que alquilar, por favor diríjase a nuestra casa de vacaciones sitio web. Haremos todo lo posible para ayudarle y aconsejarle sobre cómo bes para maximizar el retorno de su propiedad.

Para obtener información turística aidditional por favor visite la Organización de Turismo de Chipre

Chipre es una Unión Europea fiable y jurisdicción de la zona euro para la realización de servicios profesionales y actividades en alta mar.

El país mantiene una excelente reputación internacional para la realización de negocios. Con un 10% del impuesto de sociedades, Chipre es la jurisdicción tributaria más baja de la Unión Europea que no está en alta mar y tiene la más baja tasa en alta mar no la jurisdicción del impuesto de sociedades en el mundo.

Chipre, simplemente ofrece una serie de ventajas y beneficios financieros a empresas y particulares. Puede hacerlo debido a la pervivencia de una economía fuerte y estable (en relación al tamaño del país), que casi en su totalidad se centra en los servicios profesionales y el sector financiero.

Chipre ofrece una excelente infraestructura para tales actividades, tales como las firmas legales y contables y bancarios, altamente educada, mano de obra calificada y multilingüe, las regulaciones adecuadas del gobierno y una política general de no intervención en las operaciones comerciales.

Chipre tiene excelentes relaciones geopolíticas y comerciales con los mercados emisores clave, que junto con la ubicación geográfica ideal, es una opción principal para las inversiones en los mercados vecinos, muchos, incluida la UE, Rusia, la CEI, así como el Medio Oriente y África del Norte.

Las reformas que colocan Chipre como ideal de la jurisdicción extraterritorial

El régimen offshore en Chipre ha cambiado drásticamente debido a su adhesión a la UE, y como resultado de acuerdos con la Organización para la Cooperación y el Desarrollo Económico (OCDE), sin duda para mejor.

Chipre se ha transformado de ser considerado un paraíso fiscal con una tasa de impuestos corporativa 4,25% para las empresas de zona gris a una única jurisdicción de la UE con una tasa de impuesto uniforme de 10% - sigue siendo la más baja tasa de impuestos en la UE.

Chipre ha reformado con éxito toda su legislación del sector financiero en línea con la práctica internacional y ha puesto en marcha un sistema tributario simplificado, eficaz y transparente, que es totalmente compatible con la Unión Europea, la OCDE, Grupo de Acción Financiera (GAFI), y el Foro de Estabilidad Financiera (FSF ).

Desde la adhesión de la UE, Chipre ha armonizado las normativas locales para el acervo comunitario, lo que permite al país seguir desarrollando como un centro financiero. A raíz de estas medidas, Chipre fue colocado en la lista de la OCDE blanco de los territorios que han aplicado sustancialmente las normas acordadas internacionalmente en materia de transparencia fiscal.

Otras acciones tomadas por Chipre para impulsar su reconocimiento mundial como una jurisdicción extraterritorial creíble incluye:

• Ha hecho varias reformas fiscales con el fin de armonizar su legislación en plena conformidad tanto con las leyes de la UE y las directivas y con la Organización para la Cooperación Económica y Desarrollo de directrices.
• Al instante implementado la Directiva sobre fiscalidad de la UE, que incluye un código de conducta sobre las prácticas fiscales perjudiciales y las normas para evitar la doble imposición de regalías y pagos de intereses.
• Adoptado las Normas Internacionales de Información Financiera.
• Aprobó una ley contra el blanqueo de dinero (Ley 188 (I) / 2007), Mercados de Instrumentos Financieros Directiva (MiFID), y la Ley de Transparencia y la Ley Anti Lavado de Dinero.
• Chipre ha hecho grandes avances en la reforma estructural, la modernización y liberalización de su economía orientada al mercado, con el fin de mejorar la competitividad internacional.

Chipre Compañía de Formación Servicios Multilysis Limited

Abogados de Chipre del Norte Pirilides & Associates LLC

Agios está constantemente mirando para agregar nuevas y exclusivas Villas en Chipre a su cartera. Por lo tanto vamos a añadir dos muy hermosas 3 villas de un dormitorio en Latchi cada uno con vistas al mar.

Estas villas se encuentran a poca distancia de tiendas y servicios, son aislado y privado, y lo que es más que están en un centro de rehabilitación exclusiva completa con spa y restaurantes de Chipre .

Nos gustaría invitar a usted al igual que todos nuestros huéspedes regulares para comprobar con nosotros en los próximos 10 días para obtener acceso a estas villas que cuentan con una cobertura total de la disponibilidad. En cuanto a particulares Vacaciones en Chipre ir, estas casas de vacaciones en Chipre son el camino a seguir y son una gran manera de disfrutar de un tiempo en el Mediterráneo.

Chipre, en su mejor momento

En una nota lateral, ya que estas villas son remotas, que no ofrecen un servicio de traslado desde el aeropuerto de Paphos o bien de Larnaca.

El primer ministro israelí, Benjamin Netanyahu, dijo que las perspectivas importantes se producirán a través de la cooperación entre Chipre e Israel en el sector de hidrocarburos, durante la conferencia de prensa conjunta con el presidente de Chipre, Sr. Demetris Christofias.

Netanyahu hizo hincapié en la necesidad de la cooperación, afirmando que esto puede ser muy útil en el futuro porque, como señaló, la investigación y la cooperación en múltiples sectores a la vez es mucho más útil y eficaz que el trabajo y la investigación de un sector a tiempo. También señaló que las perspectivas de esta cooperación puede afectar positivamente el bienestar de Chipre y de la región en general.

Además, el Sr. Netanyahu señaló que a pesar de que el vuelo de Israel a Chipre tarda sólo 45 minutos ", se lo llevó 63 años para una premier israelí se refirió a los fuertes lazos y Ministro de visitar la isla". También habló acerca de la fuertes vínculos y relaciones entre los pueblos de los dos países y cómo esta relación se ha desarrollado durante los últimos años. Hizo hincapié en la necesidad y la importancia de continuar y ampliar esta cooperación en otras áreas, así como el sector energético.

Netanyahu agradeció al presidente Demetris Christofias, por la hospitalidad y expresó la esperanza de que él será capaz de llenar, en el futuro la brecha de los 63 años que tuvieron un primer ministro israelí a visitar Chipre.

Por otro lado, el presidente Demetris Christofias, dijo que tanto Chipre e Israel actúa de forma efectiva con el objetivo de utilizar las reservas de hidrocarburos que han sido oficialmente confirmados dentro de las Zonas Económicas Exclusivas de los dos países, con el objetivo el bienestar tanto de los habitantes de Chipre e Israel .

El presidente de Chipre señaló que "los contactos ya están en marcha con el fin de discutir los planes de perspectiva" que deseaba "dar en el futuro cercano a las sugerencias concretas para la promoción de los acuerdos bilaterales entre los dos países."

Refiriéndose a la primera visita de un Primer Ministro israelí en Chipre, el Presidente Christofias dijo que esta visita confirma la fuerte relación y de alto nivel entre los dos países.

En relación con la firma de un acuerdo bilateral relativo a los sectores de servicios de investigación y rescate, el Presidente Christofias dijo que es una confirmación tangible de la mayor nivel de cooperación y desarrollo de este nivel de cooperación con Israel.

Chipre Compañía de Formación Servicios Multilysis Limited

Abogados de Chipre del Norte Pirilides & Associates LLC

Viniendo a Chipre y se preguntaba qué esperar. Además de una gama de miles de lujo , villas y Chipre , hoteles y apartamentos, lo que más hace la isla tiene que ofrecer?

Ok, así que vamos a pasar con los movimientos normales y dicen que el tiempo de Chipre es muy bueno, algo así como 360 días de sol. No tan rápido.

En primer lugar, llueve en el invierno, y mucho bien. Pero esta es una buena cosa el derecho como el lugar se vería bastante desolado si no lo hizo. Algunos dicen que esa estadística se infiere de 360 ​​días donde el sol brilla durante al menos una durante el día. Bueno, los tiempos han cambiado, así que olvídalo. Pero ¿qué pasa con el verano?

Chipre - patio de Latchi barco

Desde alrededor de abril hasta octubre y, a veces en noviembre, el clima es muy favorable. Si reserva sus vacaciones a Chipre, de abril a junio, es un clima templado, de julio a finales de septiembre es muy caliente y octubre-noviembre suave.

Alimentos? Restaurantes en Chipre muy de tanto en calidad y precio. Asegúrese de tener en tus manos una guía de alimentación decente. Agios pondrá en marcha antes Eyeris que tiene una voz activa, guía de restaurantes interactiva que hará que la tarea de encontrar comida de calidad en Chipre mucho más fácil y divertido.

Playas? La mayoría de las playas de arena se encuentran en el lado oriental de la isla, con Paphos y Latchi disfrutar de algunas playas de pizarra y piedra. Depende de lo que realmente quiere.

Chipre Villas y apartamentos de vacaciones.

Hace 8 años Agios nació y con ella una serie de nuevos conceptos que se han convertido en características pilar en muchas villas chipre sitios web.

Desde visitas virtuales, mapas interactivos de Google a las mejores fotos, los usuarios disfrutaron de una experiencia en línea más.

Lo que ahora estamos en el proceso de cocinar en el laboratorio no será tan fácilmente replicable por los sitios web de la competencia, el objetivo de esta herramienta es para hacer que nuestras casas de vacaciones en Chipre, sitio web de una experiencia de usuario completamente diferente.

Estamos a punto de lanzar nuestra primera aplicación móvil que dará a los clientes una de las herramientas más poderosas que hay para encontrar lugares de interés, restaurantes y revisiones punto a punto con el auto, las distancias, las funciones de reserva de golf y una gran cantidad de otras características que la cantidad a los clientes que tienen un panel de expertos en Chipre, a la derecha en sus dispositivos móviles.

Bienvenidos a otro futuro.

Es muy fácil pasar por los lugares culturales para visitar inCyprusdue a las hermosas playas, clima cálido y de muchos restaurantes y locales de clubes y numerosas instalaciones de ocio. Chipre está llena de historia maravillosa e interesante y para los que puede tomar un poco de tiempo para visitar estos lugares a los que va a ser muy sorprendido de lo mucho que la cultura, artefactos y monumentos se te quita el aliento.

NICOSIA (Nicosia) la capital de Chipre

• CyprusMuseum
• Catedral de St. Johns
• Las paredes venecianas
• Laiki Geitonia
• Artesanía Centro
• LeventisMuseum
• El Arzobispado

Limassol (Lemesos)

• Limassol Castillo
• Kolossi Castillo
• Jardines y Museo Municipal
• Templo de Apolo
• Amathus antiguos
• Phassouri viñedos
• Chipre, el Museo del Vino

Larnaca (Larnaka)

• Iglesia de San Lázaro
• El Salt Lake
• LefkaraVillage
• Pierides Museo
• Iglesia de Panagia Angeloktisti
• KornosVillage
• Stavrovouni Monasterio
• Choirokoitia Neolítico Solución
• Hala Sultan Tekke

Pafos (Paphos)

• El Puerto
• El Castillo
• Tumba de los Reyes
• TempleofAphrodite
• Paphos los Bosques
• Pilar de San Pablo
• El mosaicos - Petra tou Romiou

FAMAGUSTA

• Monasterio AgiaNapaVenitian
• SeaCaves-CapeGreko
• AgiaNapaHarbour
• Paralimni centro comercial de edad
• Museo Thalassa

Y, por supuesto sin olvidar las montañas de Troodos realmente sorprendentes donde podrá ver toda la ofCyprus y conocer a algunos pueblos y la cultura muy historcail en el camino.

PUBLICADO POR UNA OFICINA DE LA LEY & G KOUZALI El 22 de noviembre 2011

Carril 1 - Este carril es el carril de la extrema izquierda. Se utiliza para conducir de forma normal como lo haría en cualquier carretera o autopista. Límite de velocidad nacional se aplica.

Carril 2 - Este es el carril de en medio en una carretera de carril 3. Este carril se utiliza para adelantar a los coches en la calle 1. Este carril no debe ser utilizada para alimentar normalmente de larga distancia. Se usa sólo para tomar más y entonces usted debe manuver de nuevo en la calle 1.

Carril 3 - Esto se llama predominantemente por la vía rápida. Se utiliza desde hace más de tomar los coches que van a un ritmo más lento en el carril 1 y 2. También se utiliza para cuando hay colas de tráfico para adelantar en un intento por aliviar conjestion. Este carril es de nuevo utilizado por más tomando como en el carril 2 no para la conducción normal como en el carril 1.

NO

No te quedes en la calle 2 y 3 hasta llegar a su destino son para adelantar sólo para aliviar la congestión.

Si alguien está conduciendo muy despacio o con calle 3 en su carril de conducción normal no superará por entrar en el carril 2 en el interior esto es muy peligroso. Es mejor para indicar que con las luces que deben manuver al carril de 1 o 2 con el fin para que usted pueda adelantar.

No conduzca a lentamente en una autopista, incluso en el carril 1, hay un límite de velocidad nacional que no sólo se aplica a la velocidad, sino también a la falta de velocidad. El límite de velocidad es 100 kilometros, incluso si usted está manejando en el carril rápido.

Si desea obtener más información sobre cómo utilizar la carretera mirar esto en Internet o visitar a su estación local de policía. Para los ciudadanos que viajan por la autopista nuevo carril 3 en Chipre se les ha dado la gracia de 2 semanas a nadie atrapado período de no cumplir con las leyes de autopistas nacionales será sancionado de conformidad con las leyes de Chipre.

PUBLICADO POR UNA OFICINA DE LA LEY KOUZALI & G el ¹⁸ de noviembre de 2011.

A & G Abogados Kouzali chipriotas - Opinión - Tejiendo En Chipre

Tejer era muy popular de nuevo el día, pero conforme pasa el tiempo y las generaciones cada vez más absorto con la tecnología de las tradiciones antiguas de Chipre lamentablemente han perdido allí camino. Además con un paño llegando a ser tan barata la importación de los tejedores se convirtió rápidamente en una cosa del pasado y la habilidad para tejer también se perdió.

Se utiliza para encontrar tejedores en todos los pueblos de Chipre tejido de distancia de la vieja máquina de tejido tradicional haciendo muchas hermosas telas y útil ya que es muy distantes entre sí y sobre todo sólo para atracción turística. También es muy difícil encontrar las antiguas máquinas de tejer llamados "telares", excepto como se ha dicho de atracción turística.

Nicosia y Famagusta eran muy famosa por tejer la seda y esto se ha exportado a nivel internacional a través del puerto, también Lapithos era muy popular para el tejido de seda encontrados cerca de Kerynia esto fue hace muchos años. Esta tradición de Chipre con el tiempo perdió el rumbo en el siglo 20, cuando los países del Este comenzó a ofrecer la seda de expertos a precios muy bajos.

Usted puede encontrar en Nicosia Strovolos un taller operado por un cierto caballero que desee mantener viva la tradición e incluso revivir la tradición y se va por el nombre de Loucaides Rolandos.

Sr. Loucaides estudió toda la mecánica de tejido, comprar un telar que todavía estaba en perfecto estado de funcionamiento y se fue. aún más el estudio de las técnicas y los tejidos y traer de vuelta a la vida del tejido a mano ropa de Chipre que se encuentran colgando en el escaparate y todo alrededor de su tienda.

Se trata de un lugar definido para visitar cuando se está en Nicosia para locales y turistas. que todos deben visitar los lugares y mostrar nuestro apoyo en el mantenimiento de dicha cultura chipriota importante vivo. No sólo es muy interesante, pero también se encuentran algunos realmente tradicionalmente y único hermosas piezas que sin duda ser atesorado.

PUBLICADO POR UNA OFICINA DE LA LEY KOUZALI & G el 24 de noviembre de 2011.

Chipre Law Firm - Revisión - Vino de Chipre

Vitivinícola inCyprushas estado en operación desde que la isla era born.Cyprusis en los primeros 40 países para la producción de vino y produce 40.000 toneladas de vino cada año.

La primera empresa que vino para su comercialización se formó en 1844 fue cuando los residentes de hecho decidió que los ingresos del vino antes de la mano que se había hecho sólo para uso local. La empresa se llamaba ETKO. Desde entonces, la industria del vino se expandió y hubo cuatro vinos principales empresas productoras de inCyprus. ETKO, LOEL, SODAP y KEO.

Desde el año pasado las exportaciones de vino se convirtió en un gran ingreso para theCyprusIslandand bodegas más pequeñas comenzaron a surgir. Por supuesto, el paso del tiempo y las nuevas leyes entran en acción y con la adhesión de las muchas cosas de la UE han cambiado.

Muchas cosas positivas han pasado por las bodegas y muchos nuevos vinos han sido y siguen siendo producidas para ser reconocido en los niveles internacionales.

Chipre es un país bien conocido el vino produciendo la producción de vino de calidad superior y los muchos viñedos dispersos en Chipre y las propias bodegas donde los visitantes pueden visitar para degustaciones de vino son una absoluta delicia.

La industria del vino inCyprusis tan popular ahora thatCyprusholds festivales del vino, donde muchos ciudadanos de todo el país vienen a visitar y concursos de cata de vinos inCyprusand tener lugar a nivel internacional. Ahora, la UE ayuda a 122 bodegas inCyprusto cosechar su producción es hasta qué punto la industria del vino ha venido evolucionando inCyprusand todos los días.

También puede visitar theCyprusWineMuseumwhich es un día fantástico para toda la familia donde se pueden degustar algunos de los más famousCypruswine y aprender todo sobre la industria del vino se extiende por encima del 5 décadas!

PUBLICADO POR UNA OFICINA DE LA LEY & G KOUZALI El 24 de noviembre 2011

Abogados en Famagusta - Opiniones - Chipre Forst 3 Autopista Tierra

Chipre offcially tiene su primera completó tres Autopista acomodar miles de vehículos cada día viajan en Nicosia. Sin embargo, los ciudadanos no saben realmente cómo usar una autopista.

Esto es muy gracioso cuando crees que estamos en el ^siglo 21!

La carretera carril 3 ha tomado poco menos de 2 años en completarse y fue ideado para ayudar a las largas colas de tráfico que viaja a la capital de la isla todos los días. Previamente sería muy común que se siente en las colas durante bastante tiempo y ahora esperemos que la carretera va a prevenir esto. La razón principal de esta nueva carretera es la esperanza de que va a reducir la cantidad de accidentes de tráfico. Esto no tomará efecto hasta que los ciudadanos realmente saben cómo usarlo adecuadamente.

La policía sin embargo, han emitido una advertencia a los viajeros del coche para hacer sus tareas sobre el uso de una autopista, ya que sólo permite un período de 2 semanas de gracia para los que no lo está usando correctamente. Cualquier persona capturada no usar la carretera correctamente después de que el período de 2 semanas será sancionado de conformidad con las leyes de tránsito.

Para ser justos el Reino Unido ha tenido autopistas ya antes de la hora y la gente todavía no sabe cómo usarlos para la isla de Chipre a acostumbrarse a él en 2 semanas es pedir mucho. Es muy sencillo de utilizar, pero algunos viajeros ya sea uno no puede ser molestado y conducir lo que les gusta o dos realmente no lo sé y unidad en la que se sienten más cómodos.

La nueva autopista comienza en la carretera de Larnaca / Limassol conecta directamente a través de Nicosia. Todo el proyecto costó alrededor de más de 30 millones de euros y se completó en realidad beofre schelue wow eso es un primero también el caso de Chipre!

Felicidades por la autopista primer carril 3 en Chipre!

Echa un vistazo a nuestro artículo sobre cómo utilizar de forma segura y correcta de la nueva autopista de 3 carriles.

PUBLICADO POR UNA OFICINA DE LA LEY KOUZALI & G el ¹⁸ de NOVEMEBR 2011

Abogados inCyprus-Review-CyprusDeficit - Finalizado el 21 de noviembre 2012

Se cree muy poco probable llegar a thatCypruswill la directiva de la UE sobre el déficit del país en el período de tiempo dado. Esto significa más sanciones y más presión en la opinión pública para cubrir las sanciones, estamos seguros de eso!

El porcentaje objetivo de alcanzar para el año 2012 es inferior al 3%, sin embargo los pensamientos son que será la suerte de ver por debajo del 5%, lo que podría significar instantánea toCyprus multas.

Las medidas de austeridad propuestas se han debatido en repetidas ocasiones y rechazado y el gobierno aún no ponerse de acuerdo sobre las medidas de austeridad de tal manera que ayuden al déficit. Muy poco se ha hecho para reducir el gasto, especialmente cuando se trata de la nómina estatal de su auto. ¿Y quién será este otoño en el público!

El gobierno ahora están en la cuerda floja para asegurar duras medidas de austeridad para asegurarse de que el plazo y el porcentaje específico que se cumplan.

Su es todo fino y elegante de la UE obliga a los Estados a asegurarse de que esto sucede, sino por la aplicación de más sanciones, como hemos dicho antes sólo se dé más presión sobre nosotros los contribuyentes. No puede la UE aportar una cláusula con la sanción que el público no debe pagar por los errores que los gobiernos y el gobierno debe llevar la carga solos ... si esto es un sueño, por supuesto!

Se cree que 2013 será el año para ver un crecimiento positivo, mientras que 2012 permanecerá estancada y la clave para mantener a su vez en 2012 un año negativo será la esperanza de otro buen año para el turismo. La subida del IVA al 17% si se aprueba se espera que vea caída del país déficit del 1%, lo cual es una cifra grande, así que duda, esta será rechazada.

Bueno, todo lo que podemos decir es 2012 será un año difícil para el público en Chipre si estas duras medidas de austeridad necesarias para evitar un rescate de la UE, pero va a ser un año tan difícil para los miembros del personal del gobierno le permite esperar y ver?

PUBLICADO POR UNA OFICINA DE LA LEY KOUZALI & G el 21 de noviembre de 2011.

El bufete de abogados en la costa este de Chipre - Revisión - Reino Unido crisis financiera

Si pensamos que lo tenemos mal inCyprusmaybe debemos hacer un viaje para ver theUKand lo mal que tienen las cosas en este momento.

Cuando el gobierno inCyprustalks sobre nuevas medidas de austeridad que tienen tal vez un plan de 2-3 años en la mente. Pero theUKis hablando de un plan de 10 años. Siempre pensamos que la hierba es más verde pero ¿es realmente?

Los nacionales de Reino Unido ya dan el 50% de sus salarios para el gobierno, pagan impuesto de capitación, que pagar el impuesto sobre el peso de la basura a los hombres basuras quitarlos, que pagar los honorarios de licencia de televisión, de hecho, tan pronto como usted compra un televisor nuevo el Reino Unido, su nombre y dirección deben dar para registrar la nueva televisión con la oficina de licencias.

Los bancos son más o menos en el mismo barco asCyprus, Britainused para ofrecer préstamos de alto valor a las hipotecas de aquellos días son mucho una cosa del pasado y las hipotecas son muy difíciles de conseguir. Por lo tanto conseguir en la escalera de la propiedad a menos que usted es un comprador de efectivo es prácticamente imposible. El indulto sólo el mercado de la vivienda tiene es las ventajas fiscales dados de alquiler de theUKproperty

La lista sigue y sigue. El empleo es la lucha en theUK, muchos de ellos son personas sin hogar y aunque tengan más estrictas las leyes, las drogas, armas y las pandillas son la norma. Una vez más reiteramos la hierba es más verde en realidad al otro lado?

Se cree que un plan de austeridad 10 años se beneficia a Gran Bretaña mucho más que un plan de austeridad intenso y corto para los nacionales del Reino Unido no sé lo que el gobierno realmente puede ahora impuesto sobre lo que parece que obtienen la mayor parte de su dinero en efectivo ya, pero parece que tienen un largo de 10 años un jefe de usted!

PUBLICADO POR UNA OFICINA DE LA LEY KOUZALI & G el 28 de noviembre de 2011.

Abogados inFamagusta-Review - 20/20 Federación de la Juventud

Los esfuerzos para la reunificación de la isla de Chipre se llevan a cabo a través de las generaciones más jóvenes, en un intento de que realmente va a influir en sus ancianos y los políticos.

Esta es una gran idea ... ¿Qué mejor lugar para empezar! La generación más joven son el futuro y ellos son los que debemos educar desde el principio para detener a aquellos que ya teniendo puntos de vista establecidos a partir de la generación anterior.

Sentimientos inCyprusare muy desiguales. La generación más vieja de los chipriotas que vivían a través de la invasión turca resulta muy difícil hacer una digresión de forma natural. Sus experiencias de ellos mismos y sus padres a través de este tiempo son concretos en sus memorias, pero las generaciones más jóvenes tienen más frescos los recuerdos y sólo se oyen de segunda mano por lo que hay más de probabilidad de que los sentimientos sobre la situación puede ser superada!

Un evento tuvo lugar recientemente en los individuos jóvenes de ambos lados de la conferencia theIslandnamely 20/20 la juventud. El evento ofrece a todos los jóvenes la oportunidad de trabajar juntos en paz y exponer sus ideas para una reunificación armoniosa. Hubo 3 diferentes talleres que les permitió crear carteles y videos y declaraciones que pueden ser utilizados para promover la reunificación islas.

El proyecto está organizado por dos voluntarios chipriotas griegos y turcos de los cuales será un proyecto continuo y esperamos que traiga muchos más de la generación más joven chipriota, griega y turca juntos y más amplia relación de la isla entre las dos partes.

Como hemos dicho antes de que sea en las manos de la gente más que a los políticos. Los políticos frente a las formalidades de las personas que se ocupan de la realidad!

PUBLICADO POR UNA OFICINA DE LA LEY KOUZALI & G el 28 de noviembre de 2011.

Famagusta Abogados - Opinión - Los costos de energía que afectan a la Navidad

Tenemos la Navidad a la vuelta de nuevo y lamento decir que este año no puede ser tan brillante y festivo. ¿Por qué es esto? .... Simplemente porque el costo de la energía en Chipre hará que muchas empresas y familias lo piensen dos veces acerca del uso de cantidades tan altas de poder.

¡Qué triste que las cosas se hacen aquí que tenemos ahora para reducir las luces Chrsitamd para ahorrar en las facturas de electricidad.

En los buenos ciudadanos secundarios también están tomando en cuenta el factor de ahorro de energía no sólo en relación con los costos financieros, sino también a la cuestión de ahorro de energía en general. Sobre todo después de la explosión explosión de Mari.
Muchos municipios son sólo los edificios principales de decoración y de muchos lados de carretera no estará decorada como de costumbre. Muchos nuevos tipos de luces de ahorro de energía han sido comprados. Y algunos municipios tendrán restricciones de tiempo.
Es un triste estado de cosas cuando se Chrsitams viene y tenemos que pensar en los costos de energía en lugar de la temporada de fiestas que se tenía. Pero eso ¿cómo es la gente con respecto a la electricidad aquí. Cada error thats de hecho viene a nosotros a través de nuestras facturas de electricidad.

Evem después Chrsitamd estamos esperando otro aumento en los costos de energía eso es un gran comienzo para el nuevo año.

WECAN superar esta mediante la compra de iluminación de bajo consumo y con ellas las luces encendidas en los momentos más convenientes del día en que será el más visable.
Muchos propietarios de negocios están cansados ​​de que no se encienda su negocio se reducirá el nivel de espíritu Chrsitmad por lo tanto, bajar el nivel de la actividad comsumer.
Se trata de un hecho de la vida sólo tenemos que tratar en el momento hasta que el gobierno y los departamentos de tener la casa en orden!
PUBLICADO POR UNA OFICINA DE LA LEY & G KOUZALI El 19 de noviembre de 2011.

For the purpose of raising revenues and decreasing government spending, the House of Representatives of Cyprus voted on the 26 ^th of August 2011, the following changes in the Tax and Company Legislation:

The Income Tax Law changes

• Abolition of exemption from taxation of the official emoluments and the pension of the President of the Republic and the pension of the President of the House of Representatives. Entry in to force: As from 1/01/2011.

• A new tax incentive has been introduced for the employment in Cyprus of persons who are not tax Residents of Cyprus: In such a case if the income from employment exceeds €100.000 per annum a 50% deduction is granted for such income for the first 5 years of such employment. This incentive is granted to anyone (Cypriot or non Cypriot) provided that prior to his employment in Cyprus this person was resident outside Cyprus and was not considered as a tax resident of Cyprus. Entry into force: As from 01/01/2012.

• A new income tax rate of 35% has been introduced for individuals on there taxable income in excess of €60.000. Entry into force: As from 01/01/2011.

The Special Contribution for the Defense of the Republic Law changes

• Increase in the rate of defense Tax on interest received by or credited to Cypriot Tax residents from 10% to 15%. This is applicable to both individuals and corporations provided this income is classified as interest. For more details as to when interest received or accrued is considered as trading income see the relative article on our website.

• Increase in the rate of defense Tax on dividends received or accrued or deemed to be received by a Cypriot tax resident from 15% to 17%. This applies only to individuals since generally companies are except from the defense tax on dividends. For more details as to the taxation of dividends see the relative article on our website.

• Both changes are effective as from 31/08/2011.

The Immovable Property Tax Law changes

• The rates applicable for the payment of the immovable property tax which is imposed on every person owning property in Cyprus have changed. The rates effective as from the year 2012 are as follows:

Up to €120.000 0%0

From €120.000 to €170.000 4%0

From €170.001 to €300.000 5%0

From €300.001 to €500.000 6%0

From €500.001 to €800.000 7%0

Over €800.000 8%0

Cabe señalar que el impuesto se aplica sobre el valor tasado de la propiedad como en 1/1/1980.

The Value Added Tax Law changes

• Individuals who buy or construct a flat or a house to be used as their private main residence are entitled to a reduced VAT rate of 5% on this residence provided the area of the property does not exceed 200 square meters. It should also be noted that the reduced rate of 5% also applies on the first 200 square meters if the total area of the property does not exceed 300 square meters.

The Companies Law changes

• As from 2011 an annual levy of €350 is introduced for all companies incorporated in Cyprus, payable to the Registrar of Companies. For groups of companies the maximum levy is fixed at €20.000.

• The levy for 2011 must be paid by 31 December 2011, whereas the levy for 2012 onwards must be paid by 30 June of each year.

• No annual levy is imposed for the year of incorporation.

• Dormant companies, companies which do not own any assets, as well as companies owning property located in the non Government controlled areas of Cyprus are exempted from the payment of the levy.

In case the levy is not paid in the prescribed period penalties are imposed .

Cyprus Corporate Services Multilysis Services Limited

Abogados de Chipre del Norte Pirilides & Associates LLC

The natural gas conference held by the President of the Republic of Cyprus took place at the Presidential House. During the conference, the Minister of Finance, the Minister of Interior and the Minister of Trade & Agriculture participated. The conference took place due to the first drill scheduled to take place in the exclusive economic zone of Cyprus by the American based company called “Noble”.

After the conference, the President mentioned that “the conference addressed the attempts—as well as the acts of the Republic of Cyprus—in the exploitation of possible carbohydrate deposits in the ADZ of Cyprus. Moving forward, the Republic of Cyprus has made a deal with the “NOBLE ENERGY” company to carry out the research.

President Christofias said that the agreements that Cyprus concluded with neighboring countries like Egypt, Israel and Lebanon, has favoured and assisted Cyprus attempts to explore the underwater wealth of Cyprus. , stressed the importance of these activities in the dealings between neighboring countries such as for the delimitation of the exclusive economic zone of our country.

The purpose of the drill is to confirm the existence of carbohydrate, as geophysical research has suggested until now. According to research, the possibility is really big. Apart from that, the drill will ensure the amount and the quality of the potential deposits. In this way, the perspective and the possibility of extracting the underwater natural gas will be determined.

On the other hand, Turkey has expressed its interest in non-hostile relations with its neighbor countries. In a meeting between EAC (Electricity Authority of Cyprus), Noble and Delek, the three companies expressed their willingness for a potential cooperation in the field of natural gas. The meeting was just one of many between EAC and the two companies, which are becoming active in the field of excavation and trade exploitation of natural gas.

A relevant announcement mentions that EAC's role is considered by both companies as very important, since EAC will be the most important and maybe the only consumer of this gas.

http://www.multilysis.com/

The re-domiciliation of these companies to the Republic of Cyprus can be effected under the Companies Law of the Republic of Cyprus, CAP 113 and more specifically under Article 354A of the Law.

The procedure of re-domiciliation of a foreign company to Cyprus is as follows:-

An application is made by the foreign company in question to register in Cyprus. This is then filed to the Registrar of Companies. The application should be accompanied by various corporate &/or legal documents which concern the foreign company.

Within six months from the date of issue of the certificate of temporary continuation, the company must submit to the Registrar proof that it has been “de-registered” from its transfer-out jurisdiction. The company is then issued with its permanent certificate of continuation.

A company which wishes to re-dominicilliate its registered office to Cyprus must apply to the Registrar of Companies in order to be granted with a 'certificate of continuance' in Cyprus.

MULTILYSIS SERVICES LIMITED has a long expertise in this area of corporate practice and can be of assistance. For more information & or enquiries, do not hesitate to contact us at info@multilysis.com .

On the 26 ^th of August 2011, the House of Representatives voted as a first package of measures a number of amendments to tax legislation for the purpose of raising revenues and decreasing government spending and for the objective entry into the support mechanism.

These changes relate to increasing various taxes, introducing a levy for all companies incorporated in Cyprus, as well as introducing and/or increasing contributions to pension schemes of government employees, local authorities and semi-governmental organizations, and introducing a special levy for two years on the salaries and pensions paid to government employees, local authorities and semi-governmental organizations.

In the next few months a second and probably a third package of additional measures is expected, which hopefully should focus on further reductions in government spending. The increase in the VAT rate from 15% to 17% is expected to be approved with the second package of measures.

The most significant changes in the tax and company legislation are set out below:

The Income Tax Law

• Increase in the maximum personal income tax rate to 35%

A new income tax rate of 35% is introduced for individuals on taxable income in excess of €60.000.

• Tax incentives for the employment in Cyprus of highly paid non Cypriot resident individuals

In order to encourage the establishment or development in Cyprus of new businesses, tax incentives are offered for the employment in Cyprus of persons who are not tax residents of Cyprus. In such a case, if the income from employment exceeds €100.000 per annum, a 50% deduction is permitted for such income for the first 5 years of employment. The incentive is granted both to Cypriots and non-Cypriots, on condition that prior to the employment in Cyprus, such a person was resident outside Cyprus and was not considered as a tax resident of Cyprus.

• Abolition of exemption from taxation of the President of the Republic and the President of the House of Representatives

The exemption from taxation of the official emoluments and the pension of the President of the Republic and the pension of the President of the House of Representatives is abolished.

• Entry into force

The increase in the personal tax rate will come into effect as from the 1 ^st January 2011, whereas the incentive for new employees will come into force for employments starting as from the 1 ^st of January 2012.

The Special Contribution for the Defence Law

• Increase in the rate of defence tax on interest from 10% to 15%

The rate of special contribution for the Defence of the Republic (“defence tax”) on interest received or credited by Cypriot tax residents is increased from 10% to 15%. This applies to both individuals and corporations. In the case of corporations, if the interest results from the ordinary carrying on of any business, including any interest closely connected with the ordinary carrying on of the business, it is not subject to defence tax, but instead is subject to corporate income tax. Therefore, financing companies, including companies involved in intra –group financing activities, are not expected to be affected from the involved in intra–group financing activities, are not expected to be affected from the change in the rate. It should be noted that no defence tax is payable on interest payments to non residents. It should also be noted that this provision applies to interest received by resident individuals or corporations, both from sources within Cyprus and outside of Cyprus.

For provident funds, defence tax on interest received remains at 3%, as well as in the case of an individual whose total income for the year does not exceed €12.000 (including interest income). The same rate applies to interest received by an individual from Government savings certificates and developments stocks.

• Increase in the rate of defence tax on dividends from 15% to 17%

The rate of defence tax on dividends received by a Cypriot tax resident is increased from 15% to 17%. This applies only to individuals, since under the provisions of the legislation companies are generally exempt from the payment of defence tax on dividends.

The increase in the rate also applies when the deemed distribution rules ate applied in cases where a tax resident company does not distribute within two years at least 70% of its after tax profits.

It should be noted that no defence tax is levied on dividends paid to non-resident individuals or corporations. It is also noted that the deemed distribution rules are not applicable in the case where shareholders of a resident company ate non tax residents of Cyprus. However, the deemed distribution rules are applicable in the case of a Cypriot tax resident company owned by another Cypriot tax resident company, which in turn is owned by non residents. It is expected that shortly such companies will be included from the provisions of the deemed distribution rules, therefore there should be a significant benefit for such companies in case of inability to distribute an actual dividend.

• Entry into force

The above provisions will enter into force as soon as the new law is published in the official gazette of the Republic.

The Immovable Property Tax Law

The rates applicable for the payment of immovable property tax, which is paid by both individuals and companies on property owned in Cyprus are significantly increased, as well as the threshold as from which taxes are paid is lowered. It should be noted that tax remains levied on the assessed value of the property as at 1 January 1980. The rates are as follows:

Up to €120.000 0%0

From €120.000 to €170.000 4%0

From €170.001 to €300.000 5%0

From €300.001 to €500.000 6%0

From €500.001 to €800.000 7%0

Over €800.00 8%0

The increase will be effective as from the year 2012.

The Companies Law

• As from 2011 an annual levy of €350 is introduced for all companies incorporated in Cyprus payable to the Registrar of Companies. For groups of companies the maximum levy is fixed at €20.000.
• The levy for 2011 must be paid by 31 December 2011, whereas the levy for 2012 onwards must be paid by 30 June of each year.
• Dormant companies, companies which do not own any assets, as well as companies owning property located in the non Government controlled areas of Cyprus are exempted from the payment of the levy.

In case where the levy is not paid within the prescribed period, if the levy is paid within two months from the due date, a penalty of 10% is payable which is increased to 30% if the levy is paid within five months from the due date. If the levy is not paid within five months, the Registrar of Companies will remove the company from the registry (something which is expected to restrict the company from filing documents or requesting certificates from the Registrar's Office). The return of the company to the registry can be effected within two years with the payment of a levy of €500 per annum and thereafter with the payment of a levy of €750 per annum.

The Value Added Tax Law

Under existing legislation, individuals who buy or construct a flat or house to be used as private main residence ate entitled to apply for a refund amounting to about €17.000 from the Government. This provision is replaced with the introduction of a reduced VAT rate of 5% on the purchase or construction of a house or flat to be used as private main residence, provided the area of the property does not exceed 200 square meters if the total area of the property does not exceed 300 sq.m).

Cyprus Corporate Services Multilysis Services Limited

Abogados de Chipre del Norte Pirilides & Associates LLC

Limassol has been selected to be within the list of the top 50 from 500 destinations in southern Europe.

As a representative from the Limassol, Municipality announced, Limassol was chosen to be included in the list of 'Fifty (50) excellent destinations in Southern Europe due to Quality of Beaches for 2011'.

The research took place, under the Union's initiative in relation to the Beach and sea Areas-EUCC of the European program on Quality Coast, in more than 500 international destinations in southern Europe.

Part of the above mentioned list of one of the' 50 excellent Quality Coast 2011 – of Southern Europe destinations' – was Pafos and Kouklia, which are both considered, internationally, as one of the most attractive destinations for tourists who wish to enjoy the natural and cultural heritage, local identity and environment.

The Mayors of the city-destinations which were awarded the above mentioned awards, were invited to the International Ceremony and Laboratory Quality Coast in Cyprus, which took place on the 13th May, in the medieval castle of Kouklia near Afrodite's rock.

During the ceremony, Professor Johan Vande Lanotte delivered the certificates and the relative flags to the Mayors.

Abogados de Chipre del Norte Pirilides & Associates LLC - Cyprus Corporate Services Multilysis Services Limited

Russian President Dmitry Medvedev in his congratulatory message to Cyprus President Demetris Christofias for his 65 ^th birthday highlighted the importance of the intensification of Russian – Cyprus relations and cooperation.

The Russian President in his message, which can be found in the official web page of Kremlin, said accordingly “In Russia you are considered rightly as a sincere friend for our country and we attach a high appraisal for the years you contribute to the development of Russian-Cyprus relations.”

The Russian President continued and stated “I look forward that the confidential dialogue between the two nations will contribute in promoting a constructive agenda both bilaterally and on an international level” Further Dmitry Medvedev, added that he himself attaches a great deal of importance for the implementation of agreements between the two nations which were achieved in October 2010 as the culmination of the talks in Cyprus.

“As a matter of priority treated intensification of multifaceted and geared in future Russian-Cypriot partnership”, says Russian President concluding that he is convinced that the further dynamic development of the relationship between the two nations meets the fundamental interests of both the Russia and Cyprus people and serves towards the consolidation of regional and global stability.

Abogados de Chipre del Norte Pirilides & Associates LLC - Cyprus Corporate Services Multilysis Services Limited

Cyprus Corporate Services Multilysis Services Limited – Cyprus Lawyers N. Pirilides & Associates LLC

Tax chargeable on any supply of goods or services is a liability of the person making the supply. Taxable person is every person, natural or legal, resident in the Republic or abroad, who carries on a business and has registered as such in the VAT Register or he is liable to be registered according to the provisions of the VAT legislation .

The term “business” includes any trade, profession or vocation.

Employees or other natural persons who are bound to any employer by a contract of employment or by other legal relation, which creates relationship of employer and employee, are not considered to be carrying out an economic activity and therefore they are not considered as taxable persons.

In addition the VAT legislation provides that Governmental Authorities, Local Authorities and Public Authorities are not deemed to be taxable persons for the supplies of goods or services made by them in carrying out their mission. There are however some exceptions.

The supplies of goods or services made by a person who is not considered as taxable, are not VAT chargeable. On the other hand when this person buys goods or services, he is charged with VAT as if he was the final consumer.

VAT is charged on every taxable supply of goods or services that is on every supply of goods or services made within the Republic, by a taxable person in the course or furtherance of any business carried on by him.

As a general rule a supply of goods or services is considered to be taxable if made for consideration. Nevertheless, the Law provides that specific supplies are considered to be taxable even if made for no consideration.

The supply of any goods is treated as made in the Republic if the goods are in the Republic. The supply of any services is treated as made in the Republic if the person supplying them is in the Republic.

As an exception, the legislation provides that the supply of certain services should be treated as taxable even if made by a person who is in another country and received by a person who registered in the Republic.

Registration with VAT

According to the VAT legislation, every person making taxable supplies is liable to be registered in the following cases:

(i) At the end of any month, if the value of his taxable supplies in the period of one year then ending has exceeded €15.600

(ii) At any time, if there are reasonable grounds for believing that the value of his taxable supplies in the period of thirty days then beginning will exceed €15.600.

A person who by virtue of (i) is liable to be registered, is obliged to notify the VAT Commissioner of his liability by submitting an “Application for Registration in the VAT Register” (Form VAT 101) to the local VAT Office, within thirty days of the end of the relevant month and his registration is effective as from the end of the month following the relevant month or from such earlier date as may be agreed between the person and the VAT Officer.

If a person is liable to be registered by virtue of (ii), he is obliged to notify the VAT Commissioner of his liability by submitting an “Application for Registration in the VAT Register” (Form VAT 101) to the local VAT Office, before the end of thirty-day period to which the liability arises and the registration is effective as from the beginning of this period.

Failing to comply, the person is liable to a levy of €85 for every month or part of month of the delay or refusal or omission . It is clarified that the liability of a taxable person to be registered exists whether or not he has submitted an application for registration. The VAT Commissioner is authorized by the Law to register a taxable person retrospectively, that is from the date that person was, according to the Law, liable to registration. If a taxable person liable to registration neglects to be registered, he is still liable to pay tax on all the supplies he made from the date he was liable to registration.
It is noted that persons making zero-rated supplies are also liable to be registered.

Entitlement to register

A person not liable to be registered is entitled to be registered in the following cases:

(i) Voluntary registration

If a person makes taxable supplies the value of which does not exceed the thresholds that would make him liable to be registered, then he is entitled to apply for voluntary registration by submitting an “Application for Registration in the VAT Register”.

(ii) Intending traders

If a person engages in a business and intends to make taxable supplies of goods or services, he is entitled to apply to be registered as intending trader by submitting an “Application for Registration in the VAT Register”.

The registration is effective from the date of the application or any other previous date as may be agreed between the VAT officer and the taxable person.
Additionally, farmers are entitled to voluntary registration, regardless of the value of the supplies they make in the period of one year, which consist of agricultural products of their own produce or agricultural services.

Acquisitions

Any person making acquisitions in Cyprus is liable to be registered:

(a) at the end of any month , the total value of that person´s acquisitions from all other member States in the year beginning from 1 January has exceeded the registration threshold of €10.251,61; or

(b) at any time that there are reasonable grounds to believe that the value of the acquisitions that person would be making in the following 30 days alone will be over the registration threshold of €10.251,61;

A person making acquisitions according to the previous paragraph is liable to notify his/her obligation to be registered on Form VAT 106. Failure to comply, renders the person liable to a levy of €85 for every month of the delay or refusal or omission.

Where the acquisitions of any person does not exceed the threshold of €10.251,61, then that person may register for making acquisitions in Cyprus voluntarily.

Distance Sales

Any person making distance sales (sales from a person established in another member State), is liable to register for VAT purposes in Cyprus and account for VAT in Cyprus, if in the period starting from the 1st January of the year, the value of distance sales exceeds €35.000. This person is liable to notify liability to register on Form VAT 105. Failure to conform renders the person liable to a levy of €85 for every month of the delay or refusal or omission.
There is also the right for voluntary registration when the threshold is not reached.

Obligations of person/s registered with VAT

According to the VAT legislation, every taxable person is liable, among others, to:

(i) Be registered if the value of taxable supplies of goods or services exceeds the thresholds as set by the VAT Law.

(ii) Notify their liability to be registered within 30 days of the date that the liability emerged.

(iii)Notify the termination of taxable supplies or of the intention to make taxable supplies within 60 days of the date of the termination.

(iv) Pay a levy of €85 for every month or part of month of the delay or refusal or omission to comply with point (i) and (ii) above and €85 for the delay or refusal or omission to comply with point (iii) above.

(v) Submit tax declarations not later than the 10th day following the end of the month following the end of each tax period.

(vi) Pay the tax due not later than the 10th day following the end of the month following the end of each tax period.

(vii)Pay a levy of €51 for the delay or refusal or omission to submit a tax return.

(viii) Provide other taxable persons with tax invoices.

(ix) Retailers must issue a tax invoice, if the customer is a taxable person and asks for one and if the consideration exceeds €85.

(x) Issue tax invoices at the prescribed time.

(xi) Pay any amount that has been assessed or reassessed by the VAT Commissioner.

(xii) Produce certain documents relating to input tax upon request by the VAT Commissioner.

(xiii) Give such amount of security, upon request by the VAT Commissioner, for that amount of tax payment.

(xiv) Not make any taxable supplies, if the VAT Commissioner requires so, unless the taxable person furnishes the VAT Commissioner with any form of security for securing payment of the tax concerned.

(xv) Pay any amount that has been charged as VAT on an issued invoice.
(xvi) Pay an additional levy equal to 10% of the amount which the taxable person neglects or refuses to pay.

(xvi) Pay interest at 9% in cases where the taxable person continues to neglect or refuses payment of any amount due after 30 days.

(xvii) Keep books and records for the purposes of verifying the supplies of goods or services which the taxable person makes or receives.

(xviii)Provide every facility that may be required by the VAT Commissioner for the purpose of examination by any person authorized by the VAT Commissioner of any books and records.

(xix) Preserve books and records for at least seven years, unless the VAT Commissioner fixes otherwise.

(xx) Pay a levy of €85 for the omission to comply with the above – points xix and xx.

(xxi) Notify the VAT Commissioner of such facts and information in respect of any change or alteration of circumstances and conditions of the business.

(xxii) Furnish to the VAT Commissioner such information relating to the goods or services or the supplies of goods or services or importation.

(xxiii)Produce for inspection and search at such time and place as may be reasonably required any documents relating to the business.

(xxiv) Pay a levy of €85 for the omission to comply with the above – points xxiii – xiv.

(xxv) Provide samples of goods to enable the correctness of their tax treatment to be examined.

VAT on imported goods

VAT is charged on all imported goods regardless of the importer being a taxable person or not. In the importation of goods of goods, VAT is considered to be an imports duty and is charged as if it were a duty of Customs.

In certain cases, the importation of services, that is the supply of services from abroad to Cyprus, is treated as a taxable supply of services made by the recipient, if he is a taxable person.

Tax returns, tax payment and credit

Every taxable person is liable to submit Tax Declarations and pay the tax that may be due, usually every three months. Tax declarations relate to certain tax periods that are made known to the taxable person at the stage of his registration. The VAT Service dispatches tax declarations to the last known address of a registered person. The liability to submit tax declarations exists regardless of the relevant form being received or not by the taxable person. Thus, if he has not received it on time, he should contact the VAT Office of his district and ask for the form to be reissued.

On the tax declarations, taxable persons calculate their output tax (the tax on supplies of goods or services they made during the relevant tax period and the VAT calculated on the acquisition of goods from other member States).

Books and records to be kept

According to section 43 and the Tenth Schedule of the VAT Law, every taxable person must keep books and records and preserve them for at least seven (7) years after the completion of the entries or deeds written therein, unless the VAT Commissioner, by relevant notification to the person concerned, fixes otherwise. Every taxable person has to keep books and records of all the taxable supplies of goods or services he makes or receives for the purpose of his business and for intra-community transactions he makes. Books and records must be kept up-to-date, with adequate information and in a manner that enables taxable persons to use them to calculate the payable or claimable amount of tax and fill in tax declarations. Books and records must also be kept in a manner that VAT officers can easily examine them in order to verify VAT declarations but this manner should not be contrary to business practices. In addition VAT legislation provides for special arrangements concerning keeping books and records in connection with the special regimes ie Retail Schemes, Profit Margin Schemes etc.

Taxable persons must keep and preserve the required books and records at the premises of the business.

Relevant to the above is chapter VIII of the VAT Guide, information leaflet 10 and information leaflet 12A on the Margin Scheme for Tour Operators published by the VAT Service.

VAT Invoice

As a general rule, every registered taxable person

- who makes taxable supplies of goods or services to other taxable persons in Cyprus
- makes a supply of goods or services, other than an exempt supply, to a person in another member state

- receives a payment on account from a person in another member state for a supply that he has made or intends to make,

is required to provide them with VAT invoices.

This obligation does not apply if the supply involved is:

- zero-rated;

- made for no consideration;

- made by a taxable person that uses the Profit Margin Scheme.

Registered retailers may issue the “retail invoice”, if the customer is a taxable person and asks for a tax invoice, provided that the consideration is below €85,43.

Foreign enterprises doing business in Cyprus

If a trader is not resident in the Republic – in the case of a natural person or the legal person is based abroad – carries out a business in Cyprus and is liable or entitled to registration in the VAT Register of the Republic, the VAT officer may appoint a person who is resident in the Republic and is recommended by the trader, to act on behalf of the trader for VAT matters (a VAT representative) or require security for the protection of public revenue.

It should be noted that for persons resident in another member state or legal persons incorporated in another member state, there is no obligation to appoint a Vat representative.

Cyprus Corporate Services Multilysis Services Limited – Cyprus Lawyers N. Pirilides & Associates LLC

ZERO-RATING OF INTRA-COMMUNITY SUPPLIES

Prior to 1st May 2004 all exports of goods to destinations outside Cyprus, qualified for the zero rate of VAT. This continues to be the case for exports to countries outside the EU. However, under the EU VAT arrangements, as from that date a Cypriot trader registered for VAT may zero-rate the supply of goods to a customer in another Member State (MS) provided that:

-The customer is registered for VAT in the other MS,

- The customer's VAT registration number is obtained and retained in the supplier's records,

- This number, together with the supplier's VAT registration number is quoted on the sales invoice,
- The goods are dispatched and transported to the other MS,

- The supplier retains appropriate commercial documentary evidence that the goods have been removed from Cyprus,

- The supplier submits the Recapitulative Statements to the VAT Service.

PURPOSE OF THE VIES SYSTEM

VIES (VAT Information Exchange System) contributes to the effectiveness of this new VAT regime and provides a mechanism for preventing and deterring of the abuse of the VAT zero-rating provisions on intra-community trade of goods and detecting unreported movements of zero-rated goods between MS. An integral part of the system is a requirement that each MS must store and process specific information which it collects from its traders about their supplies to other MS.

OBLIGATIONS OF TRADERS UNDER VIES

Under the EU and the national legislation regulating VIES, any VAT-registered person who supplies goods to a VAT-registered person in another MS has to submit the Recapitulative Statement declaring all the intra-community supplies made during a calendar quarter. The Statement must be submitted to the VAT Service until the tenth day of the second month following the calendar quarter to which the statement relates. If a person fails to comply, this person is liable to a penalty of fifty one euro (€51) for every month of non-compliance, the maximum being three months. Non-compliance that continues after the three months constitutes a criminal offense and a convicted person may incur an additional fine of up to two thousand five hundred sixty two euro (€2562).

Moreover, the relevant legislation provides that the submitted Recapitulative Statement should not be incomplete or contain inaccuracies, such as wrong VAT numbers of the customers in other MS. If a submitted Recapitulative Statement is incomplete or contains inaccuracies, the taxpayer should submit a corrective statement within two months following the calendar quarter to which the Recapitulative Statement relates. In opposite case, a penalty of fifty one euro (€51) is imposed.

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Legal basis

• The Customs and Excise Duties Law of 2003 no. 224(I) of 2002, Section 17.
• The Customs and Excise Duties (Relief on Imported Goods) Regulations of 2004, PI 380/04, Regulation 13.

The relief regime from import and excise duties for goods imported for use by offshore companies or their expatriate personnel has been terminated since 31 December 2003.

Motor vehicles under relief

In spite of the fact that the relief regime for offshore companies has been abolished, as mentioned earlier, entitled offshore personnel reserves the right to continue to possess a duty free vehicle which has been registered in their name prior to the 31st March 2003 in cases whereby they:

• change employment to another entitled offshore company;
• continue their employment in the same entitled company, which has extended its activities into Cyprus and has chosen to be taxed in accordance with the provisions of section 46 of the Income Tax Law, under the normal corporate tax rate;
• change employment to another company which was entitled to relief but has elected to be taxed in conformity with the provision of section 46 of the Income Tax Law, under the normal corporate tax rate.

In case of disposal of the vehicle, the provisions of Regulation 12 of the Customs and Excise Duties (Relief on Imported Goods) Regulations of 2004, PI 380/04, will apply

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Recently there have been amendments in 3 statutes namely the (1) Town and Country Planning (N.90/72), (2) the Streets and Buildings Regulation (Chapter 96), and (3) the Immovable Property (Chapter 224) (Tenure, Registration and Valuation) Laws (hereinafter collectively called “ the Planning Amnesty Amendments ”).

The Planning Amnesty Amendments came into force on 8.4.2011. Their aim is to simplify the procedures regarding the legalization of irregularities and ultimately the issue of updated title deeds.

For the first time a purchaser (apart from the registered owner) has the right to activate necessary procedures for the legalization of the development or for the issuing of title deeds. Where the registered owner seems to be reluctant or unwilling to unwilling to apply for a certificate of approval or to legalize the building, the Authorities are empowered to impose considerable administrative fines. It is advisable that the statements of intent or planning applications are submitted jointly by as many co-owners as possible.

Therefore an owner and/or purchaser of immovable property unit with irregularities and no separate title deed may:

1. Apply directly for the issue of separate title deed, without prior legalization of the irregularities. This means that the title deed shall be subject to the said irregularities, if any, or

2. Apply for the legalization of the irregularities prior to the issue of title deed. With this way there will be no irregularities registered on the title deed.

A fixed three-year period, expiring on 7.4.2014 , is defined, for the submission of applications making use of the Planning Amnesty Amendments. However if a purchaser wishes to legalize irregularities, he/she must submit a Statement of Intent the latest by 7.10.2011

Issue of Title Deed (without prior legalization)

The legality of the building is no longer a prerequisite for the issuing of an updated title deed. Thus title deeds can be issued, despite any building irregularities, provided that an application is submitted to the Building Authority, together with an accurate description of the building as well as any irregularities that may appear, in comparison to the building or the planning permit issued.

Following the said application the Building Authority shall issue:

1) a certificate of approval (in case the building was constructed in accordance with issued permits) or

2) a noted certificate of approval (where the deviations shall be described) or

3) a certificate of unauthorized operations (in case of substantial irregularities in relation to the permit)

The Building Authority may issue a certificate of approval, even if a planning permit or a building permit has expired. The certificate of approval has the effect of a building permit.

The Building Authority shall send all the relevant information to the Land and Surveys Department in order to obtain a title deed with or without notes or with prohibition of transfer and burden.

It should be noted that the updated title deeds are issued in the name of the original owner, and not in the name of the purchasers. The Authorities involved in the procedure do not have the power to transfer property rights to purchasers, without the owner´s consent. However, it is of crucial importance, that separate title deeds are issued for individual units of a larger development, as this facilitates significantly the purchaser to invoke the right of specific performance of the contract of sale, through action taken in the Courts, against the vendor. The transfer of property to purchasers is performed by the registered owner, either voluntarily, or by an Order of the Court, issued at the request of the purchaser.

Legalization of Irregularities (prior to issue of title deed)

If a purchaser wishes to legalize any irregularities, he/she must submit to the ministry of interior a 2-page Statement of Intent the latest by 7.10.2011 . The said Statement contains general information that is necessary so as to ensure that the irregularities existed on April 8, 2011, and is attested by an affidavit provided by a qualified person, member of the Scientific and Technical Chamber of Cyprus (ETEK).

It is strongly recommended that each owner to submit the said notice prior to the above deadline, even if at this stage he/she is not certain whether the irregularities satisfy the conditions of the Planning Amnesty Amendments. The said statement is the KEY for an owner/purchaser to proceed later on with an application to legalize the irregularities (this does not apply to persons submitting, directly, an application for planning permit (instead of a statement of intent) to the Planning Authority until October 7, 2011, or those who have already submitted an application to the Building Authority for a certificate of approval and have not yet been informed of the Authority's decision).

The Planning Amnesty Amendments enable the legalization of only specific type, nature, scale and significance irregularities on existing buildings under certain conditions, the most important of which is the existence of a relevant planning permit and/ or building permit for the development, even if the planning permit and/ or building permit have expired.

The scale and significance of the irregularities that can be legalised are defined by the provisions of the law. Not any irregularity, irrespective of its scale, can be legalised. In cases of irregularities of a very severe nature, the Building Authority is empowered to issue a certificate of unauthorized works, requiring the Department of Lands and Surveys to register a note on the title, prohibiting the transfer of the property to another person.

For example the provisions of the law can apply where there is an increase of the approved plot ratio (of the building or the individual unit) up to 30% of the approved covered area, of which only 10% could be allocated outside the approved shell of the building, differences in the approved general layout of the development etc. In such cases compensation levy will be imposed on the owner or purchaser, which will be equivalent to the market value of the area in excess. These values will be determined on the basis of general estimates carried out by the Department of Land and Surveys, which will be published by an Order of the Minister of the Interior. A 20% discount on the compensation levy is set for all applications submitted within the first year period, and a 10% discount for applications submitted within the second year of the implementation of the provisions of the law.

http://www.pirilides.com/en/cyprus/practices/property-law/10 - Cyprus Property Law

The project for the implementation of the new Ayia Napa Marina is expected to start in approximately 1-2 years from today. Soon, the consortium which has won the contest for the construction of the project, will engage into discussions with the Government of Cyprus for the signing of the final agreements. Upon signing of these agreements, the plans will have to be deposited which will demonstrate exactly what developments will be included in the Project ie yacht berths, construction of villas, houses and other buildings such as restaurants, etc.

Bank guarantees will be required by the Government so that the government can secure the fact that that companies which will undertake to implement the project have the necessary liquidity. As stated by the Mayor of Ayia Napa, 'the Ayia Napa marina will positively affect this part of Cyprus and that Cyprus will be positively affected and will enjoy multiple benefits since the project will optimize the economic life of the Famagusta area, since new job positions will be opened and will be available and tourism development will be further enhanced'.

Another important project for the area of Ayia Napa is the creation of the Ayia Napa Forest Golf, planned to be implemented in the northern eastern part of Ayia Napa. The Golf course will not however contain a residential area. This project will stretch in 430 acres of land. The piece of land has been granted by the government for this development.

The project is expected to finish in 1-2 years approximately. The fact that there is not going to be any residential development of the land, means that the area will be wholly reserved and used for sports and also, time-consuming procedures for approval of planning permits and other bureaucratic procedures are automatically overcome. In the golf course, there will only be some cafeterias, and probably changing rooms for the athletes.

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Banks Operating in Cyprus

A. BANKS INCORPORATED IN CYPRUS

1. BANKS LISTED ON THE CYPRUS STOCK EXCHANGE

1. Bank of Cyprus Public Company Ltd
2. Marfin Popular Bank Public Co Ltd
3. Hellenic Bank Public Company Limited
4. USB Bank Plc

2. SUBSIDIARIES OF FOREIGN BANKS

1. Αlpha Bank Cyprus Ltd
2. BNP Paribas Cyprus Ltd
3. Emporiki Bank – Cyprus Limited
4. National Bank of Greece (Cyprus) Ltd
5. Russian Commercial Bank (Cyprus) Ltd
6. Societe Generale Bank-Cyprus Limited
7. Piraeus Bank (Cyprus) Ltd
8. Eurobank EFG Cyprus Ltd

3. OTHER BANKS

1. Co-operative Central Bank Ltd
2. The Cyprus Development Bank Public Company Limited
3. Housing Finance Corporation

Β. BRANCHES OF FOREIGN BANKS

1. BRANCHES OF BANKS OF EUROPEAN UNION COUNTRIES

1. Barclays Bank PLC
2. Banque SBA SA
3. First Investment Bank Ltd
4. Joint Stock Company “Trasta Komercbanka”
5. National Bank of Greece SA
6. Central Cooperative Bank PLC
7. Banca Transilvania SA
8. Joint Stock Company Akciju Komercbanka “Baltikums”
9. AS LTB Bank

2. BRANCHES OF BANKS OF COUNTRIES OTHER THAN EUROPEAN UNION

1. BankMed sal
2. Arab Jordan Investment Bank SA
3. BANQUE BEMO SAL
4. Bank of Beirut SAL
5. BBAC SAL
6. BLOM Bank SAL
7. Byblos Bank SAL
8. Credit Libanais SAL
9. FBME Bank Ltd
10. Open joint-stock company AvtoVAZbank
11. OJSC Promsvyazbank
12. Jordan Kuwait Bank PLC
13. Jordan Ahli Bank plc
14. Lebanon and Gulf Bank SAL
15. Privatbank Commercial Bank
16. IBL Bank sal

C. REPRESENTATIVE OFFICES

Atlasmont Banka AD

Economic growth is usually associated with technological changes, changes which aim in minimizing costs and maximizing profits. Even if, the aforesaid proposition seems to be the norm, Cyprus enjoys both the privilege and the grace to attract investors and financiers who are able to appreciate the potential economic dynamics of the Cyprus economy. Cyprus has the privilege to be acknowledged as a respectable member of the International Real Estate Federation (“FIABCI”) which links thousands of real estate professionals worldwide from every discipline in the industry having as a major objective the eradication of borders between nations and the amplification of investments which will surely add to what many have named as “economic expansion”.

In May 2011 Cyprus had the opportunity to be the host of the FIABCI conference which was successfully held in Pafos. What became apparent and of course delighting, was the high interest to invest in the Cyprus market by foreign investors. Analysing the above proposition it seems obvious that one of the reasons that an investment might seem attractive in Cyprus is the high quality of legal and accounting services that can become available to any potential investor. In addition, the low tax rates compared with the Russian tax rates and the agility that is provided by the Cyprus legal system can be regarded as the main reason of attraction by foreign, especially Russian investors.

In immediate aftermath of the FIABCI conference many Russian investors stayed for about a week in Pafos and performed a detailed economic analysis on the subjects analysed in the FIABCI conference. This can be also translated as a strategic movement by those investors aiming in identifying there next project. Moreover according to the Dinos Michaillides, the Cypriot President of FIABCI department in Cyprus, many multi-million projects are under consideration and due to commence within the near future.

This is also supported by the leading man in FIABCI Alexander Romanenco who has stated that he expects a big Russian wave of investment in Cyprus as Cyprus is currently regarded as having the dynamics to gear profits and create prosperity both to the local market but also to an investor who is willing and ready to invest within the solid economy of Cyprus .

Angelos Onisiforou

http://www.multilysis.com/

Karayiannas Developers in Cyprus , Christoforos Karayiannas & Son Ltd construct Cyprus property, apartments, bungalows and in Frenaros, Ayia Napa, Vrysoulles and Paralimni.

Karayiannas Developeres in Cyprus Sotira Lake villas in the Famagusta district of Cyprus – video by Karayiannas Developers in ParalimniCyprus. Chipre propiedad - los desarrolladores Karayiannas están produciendo videos sobre Chipre. Karayiannas desarrolladores de propiedad son los desarrolladores de Chipre propiedad con oficinas en Paralimni ubicados en el distrito de Famagusta de Chipre. As Cyprus developers we develop all types of property in Cyprus. Obtenga más información sobre

Karayiannas Developers in Cyprus, Christoforos Karayiannas & Son Ltd construct Cyprus property, apartments, bungalows and in Frenaros, Ayia Napa, Vrysoulles and Paralimni. -

Karayiannas Cyprus Paralimni Properties - Paralimni video by Karayiannas Developers – Paralimni is a popular destination in Cyprus, it is close to Ayia Napa and Protaras in the Famagusta district of Cyprus Karayiannas Developers are based in Paralimni.Cyprus property – Karayiannas developers are producing videos about Cyprus. Karayiannas desarrolladores de propiedad son los desarrolladores de Chipre propiedad con oficinas en Paralimni ubicados en el distrito de Famagusta de Chipre. As Cyprus developers we develop all types of property in Cyprus. Find out more about us:- www.karayiannas.com.cy And our Blog www.karayiannas.co.uk King Menelaous Project – www.karayiannashome.com Stone Meadows – www.karayiannas.net Alonia Villas Project – www.karayiannas.com Villa Anna Project – www.karayiannas.biz Andriani Gardens Project – www.karayiannas-andrianigardens.com and www.karayiannas.info www.karayiannasprotaras.co.uk Long Video

10 de junio 2011

Tomorrow the 10 ^th June, the Special Olympics flame will arrive in Pafos.

Castle square in Kato Pafos at 20:00

11-13 June 2011

Kataklysmos

Fifty days after Easter is Kataklysmos, which is otherwise known as the Festival of the Flood, or the Water Festival. This religious public holiday sees a three day celebration at all of the major coastal towns across the island, with the promenades taking on the appearance of an open-air fair, with countless stalls selling toys and traditional Cypriot food. The celebrations will include folk dancing, singing, games, swimming competitions, boat races, and just generally throwing water at each other. A great way to stay cool in the Cyprus sun!

It is the day of the Holy Spirit, which celebrates the descent of the Holy Ghost to the Apostles. In Cyprus, the celebrations also relate back to the Old Testament tale of Noah's Ark (the Greek myth of Deukalion) and ancient ceremonies in honour of Aphrodite and Adonis.

The Cyprus Government provides new incentives to third-country nationals for investing in Cyprus. These incentives gained popularity in the last three years as around 30 foreign nationals were granted permit/s or nationality, amongst them some of the richest people in the world.

The main ways in which this can take place are as follows:

una. By obtaining an Immigration Permit

Equivalent to a permanent residency permit and can be granted, by the Minister of the Interior provided that the applicant/s has a clean criminal record and an insured annual income of approximately €30.000 (per couple) wholly generated abroad and not from employment or self employment in Cyprus, to people from third countries who invest in privately owned residence in Cyprus of a value not less than EUR 300,000 for ownership occupancy.

b. By obtaining a Cypriot Passport/Nationality

Approval must be obtained from the Council of Ministers for providing nationality in special cases. Although each case is considered on its own merit, there is some criteria which needs to be met when considering such applications, ie The applicant must be over the age of 30 years, have a clean criminal record and must have a permanent home in Cyprus and of course travel to the island often. These conditions must be satisfied when a third country individual applies for Cypriot nationality.

In addition to the above, the applicant must satisfy one of the following conditions:

una. Must have business activities, with a total annual turnover of not less than €85m., in the year prior to the year of application – (eg companies registered in Cyprus)

OR

b. Must have direct investments of at least €30m.

OR

c. A combination of business activities and direct investments of at least €25m.

OR

d. Must be able to prove that he has introduced new technology in vital sectors of the

Cypriot economy or research centres

OR

e. The applicant must have a personal 5 year deposit in a Bank in Cyprus amounting to

at least €17m.

Even if the figures stated above for points a to e are not fully achieved, if the potential investor has the 'correct' profile and commits himself to a considerable and respectful investment in the island, there is a good chance to be considered eligible to obtain a passport.

Leer más

http://www.pirilides.com/en/cyprus/practices/acquisition-of-immovable-property/10

The Cyprus Government provides new incentives to third-country nationals for investing in Cyprus. These incentives gained popularity in the last three years as around 30 foreign nationals were granted permit/s or nationality, amongst them some of the richest people in the world.

The main ways in which this can take place are as follows:

una. By obtaining an Immigration Permit

Equivalent to a permanent residency permit and can be granted, by the Minister of the Interior provided that the applicant/s has a clean criminal record and an insured annual income of approximately €30.000 (per couple) wholly generated abroad and not from employment or self employment in Cyprus, to people from third countries who invest in privately owned residence in Cyprus of a value not less than EUR 300,000 for ownership occupancy.

b. By obtaining a Cypriot Passport/Nationality

Approval must be obtained from the Council of Ministers for providing nationality in special cases. Although each case is considered on its own merit, there is some criteria which needs to be met when considering such applications, ie The applicant must be over the age of 30 years, have a clean criminal record and must have a permanent home in Cyprus and of course travel to the island often. These conditions must be satisfied when a third country individual applies for Cypriot nationality.

In addition to the above, the applicant must satisfy one of the following conditions:

una. Must have business activities, with a total annual turnover of not less than €85m., in the year prior to the year of application – (eg companies registered in Cyprus)

OR

b. Must have direct investments of at least €30m.

OR

c. A combination of business activities and direct investments of at least €25m.

OR

d. Must be able to prove that he has introduced new technology in vital sectors of the

Cypriot economy or research centres

OR

e. The applicant must have a personal 5 year deposit in a Bank in Cyprus amounting to

at least €17m.

Even if the figures stated above for points a to e are not fully achieved, if the potential investor has the 'correct' profile and commits himself to a considerable and respectful investment in the island, there is a good chance to be considered eligible to obtain a passport.

Leer más

http://www.pirilides.com/en/cyprus/practices/acquisition-of-immovable-property/10

Visit justincyprus.com and read more about Rent To Buy Property in Cyprus.

¿Sabías que? Cyprus offers some of the best beach destinations, according to a survey released April 5 by TripAdvisor. Cyprus took two of the three top beach destinations in the survey, including the top one! The winners were based on the most highly rated beach destinations by millions of international travelers in TripAdvisor reviews.

¿Sabías que? Cyprus offers an incredible amount of 54 blue flag beaches for such a small island (648 Km of coastline).
In comparison, Bulgaria only was awarded 10 blue flag beaches, Malta only 2, Morocco 20, Norway 5 and Tunisia 8.
Cyprus in fact is in the top 5 countries worldwide with the highest ratio of Blue Flag beaches per km of coastline.

¿Sabías que? Archeologists discovered that ancient civilizations produced perfumes or fragrant oils, while the oldest relics in this sense have about 4,000 years. The perfumes bottles were found in Pyrgos, Cyprus.

Green Energy: Cyprus' first wind park at Orithes in the Paphos district was inaugurated on Sunday by President Demetris Christofias,

The €170 million project aims to provide eight per cent of the island's electricity generation and has been operational since last year.

¿Sabías que? Arkadena bread is a special bread made in Cyprus – it doesn't have yeast, but rises from a froth that is made from putting chick peas in water and leaving it for a couple of days – thus avoiding yeast intolerance.