Cell Companies in Shipping & Aviation by virtue of Act V of 2020

On 3rd March 2020, Act V of 2020 was published and among various amendments, it provided for the addition of Article 84E in the Companies Act, having the purpose of

The Registration of a Branch for an Overseas Company in Cyprus

Overseas companies or “branches” as most commonly called, may register a branch in Cyprus according to the Companies Law, Chapter 113, regulated by Section 347 and operate through it for their international activities.

Taxation of Long – Term Leasing of Yachts

In terms of the Guidelines issued by both the Cyprus Tax Department and the Maltese Revenue, the overall VAT liability incurred on the leasing of a yacht can be reduced substantially depending on the extent of the effective use and enjoyment of the yacht within EU territorial waters.