Nepremičninami Ciper nepremičninami nepremičnine hiše Ciper Properties For Sale

Arhiv za 'Cipra kategorijo

Agios je zdaj uradno na lovu za novo paleto luksuznih vil, da pusti na Cipru .

Potem ko je dosegel končni fazi novo domačo stran postavitev, smo se raztezajo več naših storitev najema za pomoč bi izkušnje rezervacije in uživajo vili počitnice v Cipru , to veliko boljše. Hiše bodo seveda so predmet temeljitega pregleda, saj bomo še naprej na vrhu kupa v smislu predstavitve, kakovost izdelkov in storitev.

Vile, ki bo zagotovo visoko na seznamu iskanih, so vile v bližini plaž ali vsaj obale. Hiše v bližini udobja in hoje do restavracije z dobro hrano so prav tako odlične možnosti.

Tema Cipru Apartmaji vedno pride gor, mi pa se spreminja način dela za to. Apartma počitnice na Cipru je za ljudi, ki morda ne želijo kaj preveč velikega ali predrago. To je posledica stroškov, ki jih ne moremo v dobri veri odgovoren lastnik, ker je komisija konča premikanje apartma pretekle tržne cene. Torej, če imate stanovanje na Cipru, za 100Euro na leto lahko oglašujete vaše nepremičnine na naši spletni strani in prejemanje poizvedbe neposredno iz nje.

Torej, če ste vi ali kdorkoli, da veste, ima vilo ali stanovanje, ki ga potrebujejo za najem, jih usmerjajo naše vile najemnin spletni strani. Bomo po svojih najboljših močeh pomagati in svetovati, kako vam bes bi povečali donosnost vaše nepremičnine.

Za aidditional informacij turizem najdete na Ciper turistična organizacija

Ciper je zanesljiv Evropska unija in evro-območje pristojnosti za izvajanje strokovnih storitev in dejavnosti na morju.

Država ohranja odličen mednarodni ugled za opravljanje dejavnosti. Z 10-odstotnim davkom pravnih oseb, na Cipru je najnižja davčna pristojnost v Evropski uniji, ki ni na morju in ima najnižjo brez sodne pristojnosti offshore davčno stopnjo na svetu.

Ciper preprosto ponuja številne finančne prednosti in koristi za podjetja in posameznike. To lahko stori zaradi ohranjanje močne in stabilne ekonomije (glede na velikost države), ki je skoraj v celoti osredotoča na strokovnih storitev in finančnega sektorja.

Ciper nudi odlično infrastrukturo za take dejavnosti, kot so pravne in računovodske podjetij in bančništva, visoko izobraženi, usposobljeni in večjezične delovne sile in ustreznih predpisov, vladnih in splošno politiko nevmešavanja v poslovanju.

Ciper ima odlične geopolitične in trgovske odnose s ključnimi trgi virov, ki skupaj z idealno geografsko lego, je glavna izbira za naložbe v več sosednjih trgih, vključno z EU, Rusija, CIS, kot tudi na Bližnjem vzhodu in Severni Afriki.

Reforme, ki so nameščeni na Ciper idealnega offshore jurisdikcije

Režim offshore na Cipru je zelo spremenil zaradi pristopa EU, in na podlagi sporazumov z Organizacijo za gospodarsko sodelovanje in razvoj (OECD), prav gotovo na bolje.

Ciper se je spremenila, da se štejejo za davčno zatočišče offshore z 4,25% davčni stopnji za podjetja siva območja z edinstveno pristojnosti EU s standardiziranim davčno stopnjo 10% - še vedno najnižja davčna stopnja v EU.

Ciper je uspešno reformirati ves svoj finančni sektor zakonodaje v skladu z mednarodno prakso in je uvedel poenostavljen, učinkovit in pregleden davčni sistem, ki je v celoti skladna z Evropsko unijo, OECD, Finančna delovna skupina (FATF) ter forum za finančno stabilnost (FSF ).

Od pristopa k EU, Ciper je usklajena lokalne predpise s pravnim redom Skupnosti, tako da bo država še naprej razvijati kot finančnega središča. Na podlagi teh ukrepov se je Ciper na seznam OECD belo ozemelj, ki so bistveno izvaja mednarodno dogovorjene standarde preglednosti na davčnem.

Drugi ukrepi, ki jih Ciper povečati svojo globalno priznano kot verodostojen morju pristojnost vključuje:

• To je dosegla različne davčne reforme, da bi svojo zakonodajo popolnoma v skladu tako z zakoni EU in direktiv ter z Organizacijo za gospodarsko sodelovanje in razvoj smernic.
• Takoj izvajati Davčna Direktiva EU, ki vključuje kodeks ravnanja o škodljivih davčnih praks in pravil, da bi se izognili dvojni obdavčitvi avtorskega honorarja in plačila obresti.
• Sprejet mednarodnih standardih računovodskega poročanja.
• Sprejet proti pranju denarja zakonodaja (Zakon 188 (I) / 2007), o trgih finančnih instrumentov direktive (MiFID) in Transparency pregona in boja zakon o pranju denarja.
• Ciper je dosegla velike korake v strukturne reforme, modernizacije in liberalizacije svojo tržno usmerjeno gospodarstvo, z namenom krepitve mednarodne konkurenčnosti.

Ciper Podjetje Ustanovitveni Multilysis Services Limited

Ciper Odvetniki N. Pirilides & Associates LLC

Agios je nenehno iščejo dodati nove in ekskluzivne Villas na Cipru v svojem portfelju. Kot primer bomo dodali dva zelo lepe 3 Spalnica vile v Latchi vsako s pogledom na morje omamljanje.

Te vile se ne nahajajo v hoje od trgovin in rekreacijo, so osamljene in zasebne, in kaj je več, da so na ekskluzivni kmetiji zdravja skupaj z spa in Ciper restavracij .

Radi bi vas kot tudi vse naše redne goste, naj se prijavijo pri nas v naslednjih 10 dneh, da bi dobili dostop do teh vil, ki bodo prišli s polnim širjenje dostopnosti. Kar zadeva zasebne počitnice Ciper iti, te vile na Cipru, so pot naprej, in so odličen način, da uživajo nekaj časa v Med.

Ciper na najboljše

Na strani seznanjen, saj so te vile so oddaljeni, nam ponujajo storitve, kava z obeh Paphos ali Larnaca.

Izraelski premier Benjamin Netanjahu je dejal, da bodo pomembne perspektive pride prek sodelovanja med Ciprom in Izraelom na področju ogljikovodikov, v skupni novinarski konferenci s predsednikom Cipra Demetris Christofias, g.

G. Netanyahu je poudaril potrebo po sodelovanju, ki navaja, da je lahko to zelo koristno v prihodnosti, saj, kot je poudaril, raziskave in sodelovanje na več področjih hkrati, je veliko bolj koristno in učinkovito, kot deluje in preiskuje eno sektorja na čas. Prav tako je poudaril, da so obeti tega sodelovanja pozitivno vplivajo na dobro počutje Cipra in širši regiji, kot tudi.

Poleg tega gospod Netanjahu je opozoriti, da kljub dejstvu, da je let iz Izraela na Cipru traja le 45 minut, «je trajalo 63 let za izraelskim predsednikom govoril o močnih vezi in minister za obisk otoka." Spregovoril je tudi o močne vezi in odnosi med ljudmi obeh držav in kako ta odnos je razvil v zadnjih nekaj letih. Poudaril je potrebo in pomen nadaljevanja in razširitvi tega sodelovanja na drugih področjih, kot tudi energetski sektor.

G. Netanyahu je zahvalil predsednik Demetris Christofias za gostoljubje in izrazil upanje, da bo lahko izpolniti, v prihodnosti razliko od 63 let, ki so za izraelskega predsednika vlade na obisk na Ciper.

Po drugi strani pa je predsednik Demetris Christofias je dejal, da bosta Ciper in Izrael učinkovito delujejo s ciljem, da uporabite ogljikovodikov rezerve, ki so bile uradno potrjene v izključnih ekonomskih conah obeh držav, katerih cilj je dobrobit obeh ciprskega ljudstva in Izraelom .

Predsednik Cipra je opozoriti, da "stiki so že v teku, da bi razpravljali o perspektivne načrte", ki je želel "vodi v bližnji prihodnosti s konkretnimi predlogi za spodbujanje dvostranskih sporazumov med državama."

Sklicujoč se na prvem obisku izraelskega predsednika vlade na Cipru, predsednik Christofias je dejal, da takšen obisk potrjuje močno in visoko raven odnosov med državama.

V zvezi s podpisom dvostranskega sporazuma o sektorje storitve na področju raziskav in reševanje, predsednik Christofias je dejal, da je viden potrditev povečane ravni sodelovanja in razvoja tega sodelovanja ravni z Izraelom.

Ciper Podjetje Ustanovitveni Multilysis Services Limited

Ciper Odvetniki N. Pirilides & Associates LLC

Coming to Cyprus and wondering what to expect. Apart from a range of thousands of luxury Cyprus Villas , Hotels and apartments, what else does the island have to offer?

Ok, so we'll go through the normal motions and say the Cyprus Weather is great, something like 360 days of sunshine. Not so fast.

Firstly, it does rain in the winter, and quite alot. But this is a good thing right as the place would look pretty desolate if it didn't. Some say that statistic is inferring 360 days where the sun shines for at least one during the day. Well, times have changed, so forget it. But what about the summer?

Cyprus - latchi boat yard

From about April through to October and sometimes into November, the weather is very favourable. If booking a holiday to Cyprus, April to June is mild weather, July to the end of Sept is very hot and Oct – Nov mild.

Hrana? Restavracije na Cipru zelo tako v kakovosti in ceni. Poskrbite, da boste dobili svoje roke na dostojno vodnik hrane. Agios se bo začela kmalu Eyeris ki ima glasovno aktivno, interaktivno restavracijo vodnik, ki bo omogočal delo pri iskanju kakovostne hrane na Cipru veliko lažje in zabavno.

Plaže? Večina peščenih plaž se nahajajo na vzhodni strani otoka, s Paphos in Latchi ima nekatere skrilavca in prodnate plaže. Odvisno od tega, kaj želite zares.

Ciper vile in Holiday Rentals.

8 let nazaj Agios se je rodil in s tem splav novih konceptov, ki so postali steber funkcije na mnogih vile Ciper spletnih straneh.

Virtualne ture, interaktivni zemljevidi google za boljše fotografije, uporabniki uživali boljšo izkušnjo na spletu.

Kaj smo zdaj v procesu kuhanja v laboratoriju ne bodo tako zlahka ponovili po konkurenčnih spletnih strani, je namen tega orodja je, da bi naše vile na Cipru spletni strani popolnoma drugačna uporabniško izkušnjo v celoti.

Smo na tem, da začnejo svojo prvo mobilno aplikacijo, ki bo omogočil strankam eno od najmočnejših orodij tam zunaj, da bi našli zanimive kraje, restavracije in ocene, točke do točke za vožnjo, razdaljami, funkcije golf rezervacije in tudi cela vrsta drugih funkcij, ki znesek strankam, ki imajo skupino strokovnjakov na Cipru, kar na svojih mobilnih napravah.

Dobrodošli na drugo prihodnost.

To je zelo enostavno mimo kulturnih krajev na obisk inCyprusdue do lepih plaž, toplo podnebje in veliko jedilnico in uboj s kijem prizorišč in tudi veliko objektov za prosti čas. Ciper je poln čudovitih in zanimivo zgodovino, in za tiste, ki lahko traja nekaj časa ven, da obiščete te kraje, boste zelo presenečeni, koliko kulture, bodo artefakti in spomeniki vzame sapo.

Nikozija (Lefkosia) Kapital Cipru

• CyprusMuseum
• St Johns Katedrala
• Beneški Stene
• Laiki Geitonia
• Obrt center
• LeventisMuseum
• Archbishopric

Limassol ( Lemesos)

• Limassol Castle
• Kolossi grad
• Municipal Gardens and Museum
• Temple of Apollo
• Ancient Amathus
• Phassouri Vineyards
• Cyprus Wine Museum

LARNACA (Larnaka)

• Church of St. Lazarus
• The Salt Lake
• LefkaraVillage
• Pierides Museum
• Church of Panagia Angeloktisti
• KornosVillage
• Stavrovouni Monastery
• Choirokoitia Neolithic Settlement
• Hala Sultan Tekke

PAPHOS (Pafos)

• The Harbour
• Grad
• Tomb of the Kings
• TempleofAphrodite
• Paphos Forests
• St Pauls Pillar
• The mosaics – Petra tou Romiou

FAMAGUSTA

• AgiaNapaVenitian Monastery
• SeaCaves-CapeGreko
• AgiaNapaHarbour
• Paralimni old shopping centre
• Thalassa Museum

In seveda ne smemo pozabiti na zares neverjetno Troodosa Mountains, kjer boste videli celoten ofCyprus in izpolnjujejo nekaj zelo kulturo in historcail vasi na poti.

Ki ga izdaja & G odvetniški pisarni KOUZALI na 22. novembra 2011

Lane 1 - Ta pas je pas na skrajni levi. Uporablja se za vožnjo kot običajno, kot bi na kateri koli cesti ali avtocesti. Nacionalna omejitev hitrosti velja.

Lane 2 - To je srednji pas na avtocesti 3 voznega pasu. Ta pas se uporablja za prehiteti avtomobilov v pasu 1. Ta pas se ne uporablja za normalno vožnjo na dolge razdalje. To je samo za več kot ob in nato morate manuver nazaj v pasu 1.

Lane 3 - To je predominatly imenuje hitri stezi. Uporablja se za več kot ob avtomobilov, ki se odvijajo počasneje v pasu 1 in 2. Uporablja se tudi za takrat, ko so čakalne vrste prometa prehiteti v želji, da bi olajšal conjestion. Ta pas je spet samo za nad čemer se v pasu 2, ne za normalno vožnjo, kot je v pasu 1.

NE

Ne ostati v pasu, 2 in 3, vse do vašega cilja gre za prehitevanja samo za zmanjšanje preobremenjenosti.

Če nekdo vozi prepočasi ali z uporabo pasu 3 kot običajni vožnji pasu ne prehiti, da greste v pasu 2 na notranji strani je to zelo nevarno. Bolje je, da kaže s svojimi lučmi, da morajo manuver do pasu 1 ali 2, z namenom, da jo prehiti.

Ne vozite počasi na avtocesti tudi v pasu 1 je nacionalna omejitev hitrosti, ki ne velja le za hitrost, ampak tudi pomanjkanje hitrosti. Omejitev hitrosti je 100kilometers tudi če se boste vozili na prehitevalnem pasu.

Če potrebujete dodatne informacije o tem, kako uporabljati avtoceste si to gor na internetu ali pa obiščite vašo lokalno policijsko postajo. Za državljane, ki potujejo na novem 3 avtocesti voznega pasu na Cipru so pod 2 tedna odlog kdo ujel ne spoštujejo nacionalne zakonodaje avtocestnih bodo kaznovani v skladu z zakoni Ciper.

Ki ga izdaja & G odvetniški pisarni KOUZALI 18. ^november 2011.

A & G Kouzali ciprska Odvetniki - Pregled - Tkanje Na Cipru

Tkanje je bila zelo priljubljena spet dan, ampak kot čas teče in generacije postali bolj Oprostitev s tehnologijo so Ciper stare tradicije žal izgubili tam pot. Plus s krpo postala tako poceni uvoziti tkalci kmalu postala stvar preteklosti in spretnost za tkanje je tudi izgubil.

Ste uporabili, da bi našli tkalci v vsaki vasi na Cipru tkanje stran na starem tradicionalnem tkanje stroj odločitev veliko lepih in uporabnih krpe zdaj pa je zelo daleč in med in v glavnem samo za turistična atrakcija. Prav tako je zelo težko najti stare tkalske stroje, imenovane "statve" razen, kot smo rekli za turistična atrakcija.

Nikozija in Famagusta so bili zelo znani po tkanja svile in to je bilo mednarodno izvaža skozi vrata, prav tako Lapithos je bil zelo priljubljen, za tkanje svile najdemo v bližini Kerynia to je bilo pred mnogimi leti. To ciprski tradicija na koncu izgubili svojo pot v 20. stoletju, ko vzhodne države začele ponujati strokovno svile po zelo nizkih cenah.

Tu lahko najdete v Nikoziji Strovolos delavnico, ki ga upravlja določeni gospod, ki želijo ohraniti tradicijo živa in celo oživiti tradicijo in gre z imenom Loucaides Rolandos.

Gospod Loucaides preučili celotno tkanje mehanike, kupili statve, ki je bil še vedno v odličnem delovnem stanju in je odšel stran. nadaljnji študij tehnike in tkanine, in prinaša nazaj v življenje ročno tkana oblačila Ciper, ki jih lahko najdemo visi v izložbo in po vsem svojem mestu.

To je določen kraj za obisk, ko ste v Nikoziji za domačine in turiste. bi se morali vsi obisk takih krajev in pokazati našo podporo pri ohranjanju tako pomembnih ciprsko kulturo živ. Ne samo, da je zelo zanimivo, vendar boste našli tudi nekaj zelo tradicionalno in edinstveno lepih kosov, ki se vsekakor dragocena.

Ki ga izdaja & G odvetniški pisarni KOUZALI 24. novembra 2011.

Ciper Odvetniška pisarna - Pregled - Ciper Vino

Vino proizvodnjo inCyprushas deluje od otoka je born.Cyprusis v top 40 državah za proizvodnjo vina in proizvede 40.000 ton vina na leto.

Prvi komercialni vinska družba je bila ustanovljena leta 1844, ko je bilo to dejansko prebivalci odločili, da prihodek iz vina pred roko bi bil opravljen za lokalno uporabo. Družba je bila imenovana ETKO. Od takrat vinska industrija razširila in je bilo 4 glavna podjetja, ki proizvajajo vino inCyprus. ETKO, LOEL, SODAP in KEO.

Od zadnjih letih izvoz vina postal velik prihodek za theCyprusIslandand manjših kleti začele pojavljati. Seveda so, kot je čas mineval in novi zakoni prišli v akcijo in z vstopom v EU, da veliko stvari spremenilo.

Veliko pozitivnih stvari, ki so se je zgodilo za kleti in veliko novih vina so bila in še vedno so bili proizvedeni, da se prizna na mednarodni ravni.

Ciper je zdaj znano vino proizvaja država, ki proizvajajo vrhunsko vino in veliko vinogradov raztreseni po Cipru in kleti, kjer lahko sami obiskovalci obiščejo za izlete degustacijo so absolutna poslastica.

Vino industrija inCyprusis tako priljubljena zdaj thatCyprusholds vinskih festivalih, kjer mnogi državljani iz vse države prihajajo na obisk in tekmovanja degustacijo potekale inCyprusand na mednarodni ravni. EU zdaj pomaga 122 kleti inCyprusto pospravili svoje pridelke, ki je, kako daleč je prišel inCyprusand vinska industrija razvija vsak dan.

Obiščete lahko tudi theCyprusWineMuseumwhich je fantastičen dan ven za vso družino, kjer boste lahko poskusili nekaj najbolj famousCypruswine in se naučite vse o vinu industrije segajo že več kot 5 desetletij!

Ki ga izdaja & G odvetniški pisarni KOUZALI 24. novembra 2011

Odvetniki v Famagusta - Mnenja - Ciper Forst 3 Land avtocesta

Ciper offcially ima svojo prvo zaključila 3 voznem pasu avtoceste Prilagodljiva tisoče avtomobilov vsak dan potujejo v Nikoziji. Vendar pa državljani dejansko ne vedo, kako uporabljati avtocesto.

To je precej smešno, ko misliš, da smo v 21. ^stoletju!

3 voznega pasu avtoceste je sprejela nekaj manj kot 2 leti za dokončanje in je bila oblikovana, da pomagajo dolge čakalne vrste prometa, ki potujejo v glavnem mestu otoka vsak dan. Prej bi bilo zelo pogosto, da bi sedel v čakalnih vrst za kar nekaj časa in zdaj upam, da bo avtocesta to preprečili. Glavni razlog za te nove avtoceste je upanje, da bo zmanjšati količino prometnih nesrečah. Ta navada se vpliva dokler državljani dejansko vedo, kako pravilno uporabiti.

Policija pa je izdal opozorilo potnikom avtomobilov narediti svojo domačo nalogo o tem, kako uporabljati avtocesto, saj so le omogoča 2 tednih milosti za tiste, ki jih ne uporabljate pravilno. Vsakdo ujeli ne uporabljate avtocesto pravilno po 2 tednih se bo kaznovan v skladu s prometnimi zakoni.

Če želite biti pošteni Velika Britanija je imela avtocest, saj pred časom in ljudje še vedno ne vem, kako jih uporabljati tako za ciprskega otoka se navadiš v 2 tednih sprašuje veliko. To je zelo preprost za uporabo, vendar so nekateri potniki bodisi ni mogoče, se moti in vozite, kako jim je všeč ali dva res ne vem in vodi, kjer se počutijo bolj udobno.

Novi avtocestni začne z avtoceste Larnaka / Limassol povezavo naravnost v Nikoziji. Celoten projekt obračunavanju po več kot 30 milijonov evrov in je bil dejansko končan beofre schelue wow thats prvi tudi za Ciper!

Čestitke za prvo 3 avtocesti voznega pasu na Cipru!

Oglejte si naš članek o tem, kako varno in pravilno uporabo nove 3 pasu avtoceste.

Ki ga izdaja & G odvetniški pisarni KOUZALI NA ^18. NOVEMEBR 2011

Odvetniki inCyprus-pregled-CyprusDeficit - Zaključen 21. novembra 2012

To je misel, zelo malo verjetno, thatCypruswill doseči direktive EU o primanjkljaju države v določenem časovnem okviru. To pomeni, da nadaljnje sankcije in večji pritisk na javnost, pristojen za sankcije, smo prepričani, da o tem!

Ciljno odstotek doseči do leta 2012, je pod 3% pa ​​misli da bomo imeli srečo, da spodaj si oglejte 5 odstotkov, ki bi lahko pomeni takojšnjo naloži globe toCyprus.

Varčevalni ukrepi, predlagani so bili večkrat obravnaval in zavrnil in vlada še niso dogovorili o takšnih ukrepih, varčevalnih, ki bodo pomagali primanjkljaj. Zelo je bilo storjeno malo za zmanjšanje izdatkov, še posebej, ko gre za državni plačilni listi svoj jaz. In kdo bo to sodi na javno!

Vlada je danes na vrvi za zagotovitev stroge ukrepe varčevalne zagotoviti, rok in ciljno odstotek so izpolnjeni.

Njegova je vse v najlepšem redu in EU silijo države zagotoviti, se to zgodi, ampak z izvajanjem sankcij več kot smo rekli pred samo ima večji pritisk na nas davčnega zavezanca. EU ne more dodati določbo, s sankcijo, da javnost ne morajo plačati za napake vlade in vlada mora nositi bremena sam ... da je to sanje seveda!

To je misel, da bo 2013 je leto videti pozitivno rast medtem ko bo 2012 še vedno stagnira in je ključ do ohranjanja 2012 preobrat v negativno leto bo upanje drugo dobro leto za turizem. Dvig DDV na 17 odstotkov, če je minilo pričakovati, da vidi v državi primanjkljajem padec 1%, kar je velika številka, da dvoma bo zavrnitev tega.

No, vse kar lahko rečem je 2012 bo težko leto za javnost Cipru, če so ti ostre varčevalni ukrepi potrebni, da se prepreči EU injekcijo, ampak bo tako težko leto za člane vladnih uslužbencev omogoča počakati in videti?

Ki ga izdaja & G odvetniški pisarni KOUZALI 21. novembra 2011.

Odvetniška družba na vzhodni obali Cipra - Pregled - Velika Britanija Finančna kriza

Če mislimo, da imamo to slabo inCyprusmaybe moramo na izlet na theUKand videli, kako slabo so stvari v tem trenutku.

Ko je vlada inCyprustalks o novih ukrepih, varčevalnih imajo morda 2-3 letni načrt v mislih. Ampak theUKis govorimo o 10-letni načrt. Vedno mislim trava je bolj zelena, vendar je to res?

Državljani Združeno kraljestvo že dajejo 50 odstotkov svojih plač na vlado, Plačajo anketo davek, ki jih plačujejo davek na težo njihove smeti smetnjak moških se odloča za stran, ki jih plačujejo pristojbin TV, Pravzaprav takoj, ko kupite novo televizijo Velika Britanija vaše ime in naslov je treba dati registrirati novo TV z licenciranja pisarni.

Banke so precej v istem čolnu asCyprus, Britainused ponuditi visoko posojilo vrednosti hipotek ti dnevi so v veliki meri stvar preteklosti in hipotek, so zelo težko dobiti. Zato postaja na nepremičnine lestev, če ste kupec denar je skoraj nemogoče. Edina Oddih na stanovanjskem trgu je so podane davčne ugodnosti za najem theUKproperty

Seznam goes naprej in naprej. Zaposlovanje je prepir v theUK, veliko jih je brez strehe nad glavo, in čeprav so imeli strožje zakone, droge, orožje in tolpe so norma. Torej, še enkrat ponavljamo, je trava res bolj zelena na drugi strani?

To je misel, da bo 10-letni načrt strogost koristi Britanijo veliko več kot le kratek oster varčevalni načrt, da državljani Združenega kraljestva ne vem, kaj lahko vlada dejansko zdaj ti davek na, kot se zdi, da bi dobili večino svojega denarja, ampak že zdi se, imate dolg 10 let glavo od vas!

Ki ga izdaja & G odvetniški pisarni KOUZALI 28. novembra 2011.

Odvetniki inFamagusta-Review - 20/20 Mladi federacija

Prizadevanja za ponovno združitev Cipra, otoka poteka skozi mlajše generacije v ponudbi, da bodo dejansko vplivajo na njihove starešine in politiki.

To je dobra ideja ... Če je bolje, da začnete! Mlajše generacije so prihodnost in so oni tisti, moramo izobražujejo od začetka ustaviti tistih, ki že tako določene poglede od starejše generacije.

Občutki inCyprusare zelo različni. Starejša generacija Ciprčanov, ki so živeli skozi turške invazije zdi to zelo težko naravno Zastraniti. Njihove izkušnje zase in za svoje starše skozi ta čas so konkretni v svojih spominih, vendar so mlade generacije Novejši spomine in slišali samo drugo roko, tako da je bolj naključje, da je mogoče premagati občutke o položaju!

Dogodek je pred kratkim potekal od mladih posameznikov z obeh strani theIslandnamely the 20/20 mladinske konference. Dogodek daje vse mlade priložnost, da sodelujejo in mirno predstavila svoje ideje za harmonično združitev. Bilo je 3 različne delavnice, ki jim dovoli, da ustvarite plakate in video posnetke in izjave, ki jih je mogoče uporabiti za spodbujanje združitev otoke.

Projekt organizira tako grške in turške ciprske prostovoljcev, ki bodo stalno projekt in upamo, da bo veliko več od mlajše generacije grške in turške ciprske skupaj in še na otok širok odnos med obema stranema.

Kot smo že povedal, da je v rokah narodi bolj kot politikom. Politiki se ukvarjajo s formalnostmi se ljudje ukvarjajo z realnostjo!

Ki ga izdaja & G odvetniški pisarni KOUZALI 28. novembra 2011.

Odvetniki Famagusta - Pregled - Stroški energije, ki vplivajo na božič

Imamo Božič za vogalom še enkrat, in žal reči, letos morda ne bo tako svetla in praznično. Zakaj je tako? .... Preprosto zato, ker bodo stroški energije, na Cipru, da mnoga podjetja in gospodinjstva dvakrat premisliti o uporabi teh velike količine energije.

Kako žalostno, so stvari postale tukaj, da smo zdaj ob zmanjšati na Chrsitamd luči, da shranite na električni menice.

Na dobri strani državljanov je ob upoštevanju varčevanje z energijo dejavnik ne samo v zvezi s finančnimi stroški, temveč tudi za splošno vprašanje varčevanje z energijo. Še posebej po eksploziji Mari šarže.
Mnoge občine so le glavne stavbe okrasitev in mnogi cestni strani, ne bodo urejene, kot na običajno. Mnoge nove vrste luči varčevanja z energijo so bile kupljene. In nekatere občine imajo časovne omejitve.
Njegovo žalostno stanje, ko Chrsitams pride okoli in moramo razmišljati o stroških energije, namesto da bi v prazničnem času, ki se je imel. Ampak to kako je ljudje v zvezi z električni tukaj. Vsaka napaka, thats ki prihaja k nam s pomočjo naših električnih računov.

EVEM po Chrsitamd pričakujemo še eno povečanje stroškov za energijo thats odličen začetek za novo leto.

Wecan več prišel tako, da kupujejo nizko porabo razsvetljavo in imajo jim luči na najbolj primernih urah, ko bodo najbolj visable.
Številni lastniki podjetij so utrujeni, da ne bo osvetlitev svoje poslovanje spusti na raven duha Chrsitmad posledično padec ravni v dejavnosti comsumer.
To je življenjsko dejstvo smo samo še za obravnavo v tem trenutku, dokler vlada in službe dobiti svoje hiše, da bi!
Ki ga izdaja & G odvetniški pisarni KOUZALI 19. novembra 2011.

Za dvig prihodkov in zmanjšanje javnofinančne porabe, predstavniški dom Cipra glasoval o ^26. avgusta 2011, so naslednje spremembe v davčni zakonodaji in podjetja:

V zakon o dohodnini spremembe

• Odprava oprostitve plačila davka od uradnih prejemkov in pokojnine predsednika republike in pokojnine predsednika predstavniškega doma. Vpis v veljavi na: Od 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.

• Povečanje stopnje davka na dividende, prejete za obrambo ali obračunane ali se šteje za rezidenta prejel ciprski davčni od 15% do 17%. To velja le za posameznike, saj na splošno podjetja, razen od obrambnega davka od dividend. Za več podrobnosti, kot na obdavčitev dividend glej relativni članek na naši spletni strani.

• Obe spremembe so učinkoviti od 31/08/2011.

Nepremičnine Tax Law spremembe

• Stopnje, ki se uporabljajo za plačilo davka na nepremičnine nepremičnine, ki je naložen na vsako osebo, ki ima v lasti nepremičnino na Cipru so se spremenile. Stopnje velja od leta 2012, so naslednji:

Do 120.000 evrov 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

Treba je opozoriti, da Davek je obračunan od ocenjene vrednosti nepremičnine na dan 1/1/1980.

Davek na dodano vrednost Zakon spremembe

• Posamezniki, ki kupujejo ali graditi stanovanje ali hišo, ki se uporablja kot svoje zasebno stalno prebivališče, so upravičeni do znižane stopnje DDV v višini 5 odstotkov na tem območju prebivališče, ki premoženja ne presega 200 kvadratnih metrov. Prav tako je treba opozoriti, da je znižana stopnja v višini 5 odstotkov se nanaša tudi na prvih 200 kvadratnih metrov, če je skupna površina objekta ne presega 300 kvadratnih metrov.

Gospodarskih družbah Zakon spremembe

• Od leta 2011 je letna dajatev v višini 350 uvedena za vse družbe, registrirane na Cipru, ki se plačujejo registra družb. Za skupine podjetij je najvišja dajatev znaša 20.000 evrov.

• Dajatev za leto 2011 je treba plačati do 31. decembra 2011, ker je treba dajatev za leta 2012 naprej plačani do 30. junija vsako leto.

• Št letno dajatev se uvede za leto vključitve.

• 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

Ciper Odvetniki N. 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.

• Začetek veljavnosti

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.

• Začetek veljavnosti

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

Ciper Odvetniki N. 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.

Ciper Odvetniki N. 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.

Ciper Odvetniki N. 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.

http://www.multilysis.com/

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. Cyprus property – Karayiannas developers are producing videos about Cyprus. Karayiannas property developers are Cyprus property developers with offices in Paralimni located in the Famagusta district of Cyprus. As Cyprus developers we develop all types of property in Cyprus. Več o

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 property developers are Cyprus property developers with offices in Paralimni located in the Famagusta district of Cyprus. 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 June 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:

a. 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:

a. 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)

ALI

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

ALI

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

ALI

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

Cypriot economy or research centres

ALI

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.

Preberi več

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:

a. 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:

a. 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)

ALI

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

ALI

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

ALI

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

Cypriot economy or research centres

ALI

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.

Preberi več

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.

Ali ste vedeli? 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.

Ali ste vedeli? 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.

Ali ste vedeli? 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.

Ali ste vedeli? 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.