We were really fed up living in the 'YUK' and being taxed to death and ripped off for everything over 20 years ago, so sold up and moved to Cyprus to live the dream in 2003 for a much better standard of living all round. And have never regretted it for financial reasons and life style. Our village council tax is €170 a YEAR and we get our bin emptied twice a week. We have great health care system, and have both state and private health care which is brilliant with no waiting lists. And we can see a dentist or doctor in the same week. And pay peanuts in income tax !
i'm a long time follower of your personal channel. been thinking about relocating here for more than a year already. the only thing holding me back right now is trying to find clients (i do UX for complex systems)@@taxone
Good luck in your entrepreneurial journey Rico. Hopefully you won't be targeted by the Cypriot big firms that are tied to corrupt politicians and the crime syndicates. Worked for a company that the owner made the sad mistake of using the former president's law firm, to "expedite" things, which resulted in huge expenditures, wasting 10s of millions for zero results and even having his family threatened by the local mobsters. Cyprus is great for SMEs, just avoid the trap of getting a nominee director and either assume the position personally or assign internally within your organization.
Hi, I moved to Cyprus 3 months ago because of your videos on your 2nd channel. I've got my appointment for the end of May with the immigration MEU1 which ask for prove of sufficient income and health insurance (international insurance or local?). Does Non-Dom statut has to be filled after they agree and I got the Registration Certificate? Could you do a video about The MEU1 to explain it, it's confusing. Thanks in advance
Amazing content, thank you! Does the IP Box regime applies to freelancers who provide IT services? It seems to only apply to companies that build SaaS products.
Thank you very much as well. The IP Box does not apply to service providing invoices, it applies to revenue generated when registered intellectual property is exploited.
@@taxone Can intelectual property be books, ideas and things of this nature if they're fundamental to the business or does it have to be in the tech sector?
Aren’t there any restrictions on how much dividends a shareholder can get who is also employed in the company? In Switzerland e.g. it is not possible to have a low salary and high dividends.
There are many factors that come into play. Which country and whether there is tax at source, where you receive the rental income (personal or company), there are also deductions in Cyprus, and other things, so it's best to fill out our form and we will get back to you.
The burocracy is horrible in Germany. Also the tax authoritys make problems with everything. Every big write of they challenge like he is explaining with the suites. I have friends where the tax authoritys asked them why there was a Shisha on the dining invoice of an business meeting with a client... Thats a small inside for you😂
We're talking mainly for small and medium sized businesses here. Of course, if you're a multinational company, life get's easier because you have a team of hundreds or thousands of people that deal with the daily hassle a solopreneur deals with. That's the main point why we think Cyprus is the superior choice when it comes to starting or scaling a business. But also for established companies, Cyprus offers a better tax scheme where you can safe a huge amount of taxes as a big company.
