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Cipro

Conto bancario personale a Cipro

Informazioni per l’apertura Conti bancari Societari in Cipro

Nota bene:La direttiva europea in materia di tassazione dei redditi da risparmio sotto forma di pagamenti di interessi si applica esclusivamente ai conti personali.

Testo della Direttiva 2003/48/CE del Consiglio, del 3 giugno 2003, in materia di tassazione dei redditi da risparmio sotto forma di pagamenti di interessi.

Ascheri & Partners vi presenta alle banche e vi assiste nella procedura di apertura del conto bancario.
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Caratteristiche generali del conto

Conto bancario presso banca in Cipro.

Conto bancario nelle seguenti valute

 EUR –  GBP – USD

Carte e operatività

Carta di debito VISA.
Carta di credito VISA.

Limiti di prelievo agli ATM:

  • Limite giornaliero USD 5,000 – EUR 4,000 – GBP 3,000;
  • Limite mensile USD 5,000 – EUR 4,000 – GBP 3,000;
  • Possibilità di richiedere carte con limiti maggiori, previa approvazione della banca;

Operatività:

  • Servizio di Internet Banking ;

Spese di conto

  • Spesa minima gestione conto di USD 23.00 a quadrimestre.

Eleggibilità

  • Ogni cittadino di un paese aderente alla Comunità Europea può aprire un conto bancario, nessuna restrizione particolare salvo per le persone politicamente esposte e per i cittadini USA.

Documenti

 Documentazione richiesta per l’apertura del conto:

  • Prova di identità:
    • Copia del passaporto o della Carta di identità;
  • Prova dell’indirizzo di residenza:
    • Una fattura / bolletta (recente, non oltre tre mesi) per una fornitura di luce, acqua, gas o telefono fisso resa all’indirizzo di residenza; in mancanza estratto conto di banca o carta di credito.

Certificazione ed autentica documenti.

  • I Funzionari della Ascheri & Partners Ltd sono abilitati ad autenticare e certificare i documenti.

Deposito minimo iniziale

  • EUR – USD – GBP 1,000 ( non obbligatorio ma consigliato)

Tempistica apertura conto

  • Una decina di giorni o poco più per apertura conto e ricevere all’indirizzo di casa la o le carte VISA.

Direttiva Europea Tassazione Risparmio

  • Applicata

Scambio informazioni

  • Applicata

[…]

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Cipro

Formation of a Cyprus company

The procedure for the formation of a Cyprus company is very simple. First we need a name for the company. Our office has a list with approved names which is at your disposal upon your request. Of course the client can choose his own name but the application for the approval of the name can take up to 6 working days. The most important paper we need it’s a copy of the two first pages of the passport of the intended foreign participant in a Cyprus Company. If the participant will be a legal entity (company) then we need proof of existence, like certificate of incorporation. Those documents must be certified by a notary or lawyer or accountant. The clients must send it first by fax to our office and then the original by post or courier service. Together with the copy of passport we need also our firm’s questionnaire duly completed.

After the approval of the name we draft the following agreements between our firm and the client:

  1. Trust agreement in case of nominee shareholder, which indicates that the shares are owned in trust
  2. Deed of indemnity for the nominee director and secretary
  3. Agreement for the fees

All the above agreements are send to the client by email or fax and in order to proceed with the incorporation we need those agreements signed first by fax or scanned electronic copy and after the original agreements.

After that we proceed with the incorporation of the company (about 6 working days). For the whole procedure we need about 10 working days (if the client choose a name from our list).

For practical and tax reasons usually the non-resident shareholders hold there shares through nominees. Our office provides that service. Of course the share certificates are kept by the beneficiaries and trust declaration agreements are signed. […]

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Cipro

Cipro, sì della Commissione Ue alla proposta di tonnage tax

Il regime è conforme al massimale di aiuti previsti dagli orientamenti comunitari in materia ed è autorizzato sino al 2019

La Commissione europea ha approvato, in base alle norme vigenti sugli aiuti di Stato, la proposta, avanzata dal governo, che prevede di introdurre la tonnage tax nell’ordinamento cipriota. Il meccanismo, opzionale, riguarda tutte quelle imprese armatoriali operanti nel settore del trasporto marittimo internazionale. La Commissione ha rilevato che la proposta, applicata con successo in molti altri Stati dell’Unione europea, contribuirà a rafforzare la competitività della flotta cipriota, senza falsare indebitamente la concorrenza.

I termini della proposta
Le compagnie di navigazione ammesse a beneficiare dell’imposta sul tonnellaggio possono decidere di tassare le proprie attività in base alla stazza netta della flotta piuttosto che in base agli utili effettivi. Secondo l’esecutivo Ue il regime è conforme al massimale di aiuti previsti dagli orientamenti comunitari in materia e il governo cipriota ha calcolato che il costo annuale della misura si aggirerebbe intorno agli 1,5 milioni di euro. La Commissione ha autorizzato il regime di tonnage tax fino al 31 dicembre 2019. L’obiettivo è sostenere il settore della navigazione a Cipro così come in altri Stati dell’Ue con una forte caratterizzazione marittima dell’economia.

La posizione della Commissione europea
Una leva competitiva per rilanciare il trasporto marittimo, garantire la prevenzione dell’inquinamento marino e favorire una politica di semplificazione fiscale. Questa da sempre la posizione della Commissione europea sui vantaggi della tonnage tax. Per evitare le distorsioni della concorrenza due sono gli obiettivi che la Commissione considera prioritari: evitare le distorsioni della concorrenza e, di fatto, creare una parità di condizioni definendo un rapporto di 1:3 o 1:4 tra le navi di proprietà e le navi noleggiate a tempo.

Le motivazioni alla base della proposta
L’introduzione della tonnage tax nel sistema tributario e mercantilistico cipriota è sostenuta da anche da valide ragioni economiche. Cipro, membro dell’organizzazione marittima internazionale, dipende in maniera significativa dal commercio marittimo internazionale ed è sede del maggior numero di imprese di gestione navale al mondo. L’industria di settore è la più importante d’Europa e la decima nel mondo. Con l’adozione di questo sistema di imposizione fiscale il governo ritiene di poter garantire immediate ricadute positive sul sistema marittimo nazionale.

Il ruolo della gestione navale a Cipro e nell’Ue
Nella Comunità europea la gestione navale viene effettuata in gran parte a Cipro. Esistono comunque società di gestione con sede in Belgio, Danimarca, Germania e Regno Unito. Al di fuori della Comunità, le società di gestione navale sono principalmente stabilite a Hong Kong, Singapore, India, Emirati Arabi Uniti e Stati Uniti. Proprio lo scorso anno la Commissione europea ha pubblicato una comunicazione (GUUE – C 132/6  dell’11 giugno 2009) relativa al diritto delle imprese che provvedono alla gestione degli equipaggi e alla gestione tecnica delle navi di beneficiare di riduzioni d’imposta sulle società o dell’applicazione dell’imposta sul tonnellaggio in linea con gli orientamenti comunitari sugli aiuti di Stato al trasporto marittimo. La comunicazione non riguarda gli aiuti di Stato accordati alle imprese che provvedono alla gestione commerciale delle navi. La comunicazione si applica alla gestione degli equipaggi e alla gestione tecnica delle navi prescindendo dal fatto che questi servizi siano forniti congiuntamente o separatamente.

Fonte: Fisco Oggi

[…]

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Cipro

New Tax Legislation for International Business Companies

As from 01.06.2002 the house of Parliament of Cyprus introduced new tax legislation for International Business Companies. As from 01.01.2003 all companies registered after 31.12.2001 will be taxed at the rate of 10%. Companies registered before 31.12.2001 and have declare income will be taxed with the rate of 4.25% until 2005.

Below we give you the main provisions of the new tax law:

  • The definition of resident of Cyprus is introduced. A company is resident in Cyprus if its management and control is in Cyprus.
  • There is no longer a distinction between local companies and International business companies (IBCs). The taxable profits of all Cypriot companies will be taxed at the rate of 10%. Existing IBCs that had income from their activities at 31 December 2001 can choose to be taxed with the rate of 4,25% until the end of the fiscal year 2005 (but certain tax exemptions provided by the new legislation will not be available).
  • Dividend income from abroad and from Cyprus is wholly exempt from corporation tax.
  • Profits earned from a permanent establishment abroad are fully exempt from corporation tax.
  • No taxation on the profits from the disposal of securities for all the companies that are residents of Cyprus. “Securities” are defined as shares, bonds debentures founders` shares and other securities of companies or other legal persons, incorporated under the law in Cyprus or abroad and options thereon.
  • Abolition of the 5 year restriction for the carrying forward of losses. No time restriction on the carrying forward of losses.
  • Losses of a company can be set off against profits of another company of the same group.
  • In order to conform with EU, the new tax legislation adopts the appropriate EU directive which enables without tax implications reorganizations, mergers acquisition and amalgamations of companies.
  • Abolition of 10% minimum tax on utilization of losses brought forward from previous years.
  • 50% of the interest income of a company resident of Cyprus is exempt from corporation tax. However interest income earned from the trading activities of a company is fully taxable.
  • For 2002, 20% of the interest income earned by a company resident of Cyprus is exempt from corporation tax.
  • Abolition of reduced rates for Income Tax for profits from exports.
  • Abolition of exemptions available for the importation of foreign exchange from activities abroad.
  • No withholding tax on the payment of dividends, interest and royalties to non-resident of Cyprus.
  • There are special rules for an additional special tax for 2002, 2003 and 2004 for semi-government bodies and companies that are not controlled by foreigners.

Special contribution of defence for entities

  • Abolition of special contribution for defence for companies.
  • Dividend income is subject to special contribution for defence at the rate of 15% in the case where the shareholder is resident of Cyprus. In the case where a company resident of Cyprus does not proceed with the distribution of a dividend two years after the end of the fiscal year on which profits have been earned, 70% of the profit will be considered as distributed (deemed distribution). In the case where the shareholder is non-resident of Cyprus there is no deemed distribution of dividends.
  • Interest income is subject to special contribution for defence at the rate of 10% in the case when the company is resident of Cyprus. Interest income earned from usual trading activities is not subject to special contribution for defence (from 1 July 2002).

Income tax for individuals

  • An individual is resident of Cyprus if he lives in Cyprus for one or more periods which exceed the total of 183 days per fiscal year.
  • All individuals who are residents in Cyprus are taxed at the following rates:

For tax year 2002

Chargeable income
Cyprus Pounds

Tax rates
%

Up to 9,000

Nil

9,001 – 12,000

30

12,001 and above

40

For tax year 2003

Chargeable income
Cyprus Pounds

Tax rates
%

Up to 9,000

Nil

9,001 – 12,000

20

12,001 -15,000

25

15,001 and above

30

For tax year 2004

Chargeable income
Cyprus Pounds

Tax rates
%

Up to 10,000

Nil

10,001 – 15,000

20

15,001 -20,000

25

20,001 and above

30

  • Dividend income from abroad and from Cyprus is fully exempt from income tax.
  • The whole amount of interest income is fully exempt from income tax. For 2002, interest income of CYP600 plus 50% of amount exceeding CYP600 is exempt from income tax.
  • No taxation on the profits from the disposal of securities for individuals that ate residents of Cyprus. “Securities” are defined as shares, bonds debentures founders’ shares and other securities of companies or other legal persons, incorporated under the law in Cyprus or abroad and options thereon.
  • Abolition of personal allowances and deductions for individuals who are residents of Cyprus including married allowances and allowances for children. Social grants will be provided in lieu of the allowances abolished.
  • Abolition of reduced income tax rates for expatriates working in international business companies. For non-Cyprus residents taking up employment in Cyprus a special exemption from income tax will apply for the first three years of their employment in Cyprus amounting to 20% of income earned or CYP5.000 per annum whichever is the lower.
  • Profits of an individual earned from permanent establishment abroad are wholly exempt from income tax.

Special contribution for defence on individuals

  • Abolition of special contribution for defence on employees, self-employed persons and retirees (from 1July 2002).
  • Dividend income is subject to special contribution for defence at the rate of 15% in case where the shareholder is resident of Cyprus.
  • Interest income is subject to special contribution for defence at the rate of 10% in case where the individual is resident of Cyprus.

In case where the total annual income including interest income does not exceed CYP7.000, the interest income is subject to special contribution for defence of 3%. Individuals earning interest income from saving bonds, development bonds and deposits with the Housing Finance Corporation including interest earned by a provident fund will be subject to special contribution for defence at 3% (from 1 July 2002).

Value Added Tax (VAT)

  • VAT rate is increased from 10% to 13% as from 1 July 2002.

Immovable property tax

Immovable property tax is imposed on immovable property situated in Cyprus and the rates are amended as follows:

Property value
Cyprus Pounds

Rate
%

Up to 100,000

100,001 – 200,000

2.5

250,001 -500,000

3.5

500,001 and above

4

 

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