If you are an active investor who is watching ever changing financial world with great interest, then, of course, you will appreciate the offered consulting services designed for you by Andrievskii Sea Wealth in cooperation with leading lawyers and auditors of the Republic of Cyprus.
Our recent research shows that, to date, the main way to protect information on your investment assets abroad and intention to keep a low tax rate for them – it does not incur any trusts and ingenious combinations with offshore companies, it is rather:
First, choice of tax residency, and, of course, discipline of compliance with certain rules and regimes which help you to achieve required results.
Second, choice of the bank that will use the rules for tax information exchange exclusively with the country in which you will be considered its tax resident.
On July 9, 2015, in order to increase competitiveness of tax system and create a more attractive image for foreign investors, the Government of Cyprus adopted the law introducing the term “Domicile” by amending the “Law on Contribution to the Defense Fund of the Republic of Cyprus” dated 2002 (SDCLaw).
Starting from July 16, 2015, any individuals who are tax residents of Cyprus, but not residing in Cyprus for 17 of the previous 20 years are classified as persons not residing permanently in Cyprus “Non-Domiciled” and are therefore not charged with tax for any income, received in Cyprus or abroad from interest, dividend and rental of real estate.
An individual is considered a resident in terms of taxation in Cyprus, even if he/she resides in the country for less than 183/60 days, if he/she is not present in any other country for more than 183/60 days and considers Cyprus to be a country of his/her vital interests.
You will receive solutions that meet your investment and tax needs and objectives, with tools to legally transform your tax resident status and full access to all any required resources of Andrievskii Sea Wealth to achieve your goal.
You will be able to declare your investment income from around the world in a European country without taxing them for the next 17 years.
