ON THIS PAGE 1. Corporate Income Tax (CIT) reduction 2. ETF UCITS 3. Complete overhaul of the tax regime for highly skilled and qualified impatriate workers 4. Profit-participating bonus (prime participative) 5. A new Young Employee Bonus 6. Personal income tax reductions 7. Family wealth management company (SPF or Société de gestion de Patrimoine Familial)Contact … Read more
The presidential race is unpredictable, but the legislative conversation in 2025 for the eventual winner is actually already determined. Nearly all of the Trump tax cuts affecting individual filers expire at the end of that year, as well as enhanced subsidies for Affordable Care Act exchanges. As I was told back in April, the near-term … Read more
A growing number of wealthy Indians are reportedly seeking to switch their citizenships to havens that offer tax benefits, safety, better lifestyle options, and fewer regulations. A recent report by Henley & Partners, a global leader in residence and citizenship by investment, claims that nearly 4,300 Indian millionaires are expected to leave the country in … Read more
In reviving and narrowing a surtax on the state’s most profitable businesses, lawmakers have mostly reversed a cut to New Jersey’s open space programs that happened when an earlier surcharge sunset at the start of 2024. The so-called corporate transit fee — a 2.5% surcharge on businesses with more than $10 million in profits — is … Read more
Fact: UBS currently pays around 18.5 percent on its profits in Switzerland, derived from a mixed calculation of cantonal rates, with Zurich at 19.61 percent and Basel-Stadt at 13.04 percent.
The implementation of local government reform in Cyprus is at an advanced stage and will be completed by the July 1 deadline, according to Interior Minister Constantinos Ioannou.
The GB-CY International Investment Conference 2024 was a success, featuring key players from the UK and Cyprus showcasing investment opportunities in real estate and other industries. The event aimed to strengthen business networking between the two countries, with a focus on real estate and investment opportunities in the UK. Discussions covered various topics, including real estate, finance, relocation, and investment opportunities in both countries. Areas for collaborative business between the UK and Cyprus were also explored.
Fact: Remote work has gained popularity in recent years, leading to the creation of Digital Nomad Visas in various countries.
Fact: Nicosia’s Paphos Gate police station has been empty for nearly a decade and is set to undergo a significant renovation project.
The US is working to deliver humanitarian aid to Gaza through various routes, including the sea lane from Larnaca, according to US Ambassador to Cyprus, Julie Fisher. The construction of a floating platform for aid delivery is in its final stages, and efforts are being made to ensure that aid reaches Gaza as soon as possible.