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Tutis Advisory Services Ltd and its international network, combine a variety of jurisdictions to provide the most effective tax planning solutions specific to your company. Apart from the traditional international tax jurisdictions available, such as the BVI, the Seychelles, Cayman Islands, Belize and many other, there are many very popular Cypriot based structures such as the ones below:

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Cyprus is considered to be one of the most attractive jurisdictions for holding for a number of reasons:

    • Tax Free dividends received and paid
    • Group loss relief (Cyprus companies only)
    • No withholding taxes

 

    Other tax considerations:
  • Lowest tax rate in EU, 12,5% corporation tax
  • Full exemption from tax on disposal of subsidiary
  • No tax on disposal of shares or liquidation of Cyprus Holding company
These are achieved through: 
  • Cyprus’s extensive Double Tax Treaty network 
  • EU Parent Subsidiary Directive 
  • Part of EU and Euro zone - Cyprus features on the white list of the Organization for Economic Co-operation and Development (OECD)

 

Cyprus is considered to be one of the most attractive jurisdictions for trading companies for a number of reasons:
  1. Lowest corporation tax rate in Europe at 12.5%
  2. Majority of expenses are allowable
  3. Low set up costs (for substance)
  4. Great infrastructure (roads, government buildings, transport)
  5. English language is commonly spoken by all residents
Other tax considerations:
  • Full exemption from tax on disposal of subsidiary
  • No tax on disposal of shares or liquidation of Cyprus Holding company
  • Payroll expenses are low so as the payroll taxes
These are achieved through:
  • Cyprus’s extensive Double Tax Treaty network
  • EU Parent Subsidiary Directive
  • Part of EU and Euro zone
  • Cyprus features on the white list of the Organization for Economic Co-operation and Development (OECD)

International trusts play a major role in various tax planning solutions either to wealthy individuals or to corporations group structures. Amongst other our firm offers discretionary trusts, fixed trusts & trading trusts. 
Some of the benefits of using such trusts are the following: 
  • Protection again high taxation 
  • Confidentiality 
  • Holding of property, company or group of companies 
  • No reporting requirements
  • Inheritance purposes (precluded persons)
  • No exchange controls
  • No restrictions on jurisdiction change

Cyprus Companies (Limited Liability Companies) are commonly used as directors to international to single entities or international tax structures for a number of reasons: 
  • Confidentiality of the Ultimate Benefitial Owner
  • Protection of the Ultimate Benefitial Owner as the Cyprus company used is limited liability; i.e it can close down without implications to the shareholders & ultimate beneficial owners
  • Low company maintenance costs
  • Govern by Common Law (in Cyprus we follow the Anglo Saxon system)
Other tax considerations:
  • Remuneration of the Company director is taxed at 12.5% only and the dividends to its Ultimate Beneficial Owner are entirely tax free.
  • Majority of expenses are allowable

Intellectual Property
We provide a wide range of services on Intellectual Property including the registration of trademarks (figurative and wordmarks), the validation of European Patents in Cyprus, registration and protection of industrial designs, the protection of copyrights and the registration of domain names.

Why Cyprus? Because Cyprus offers the most competitive tax rates (Phivi to give me) on Intellectual Property rig

  • Trademarks
A trademark may be comprised of names, words, logos, symbols, numbers, designs, images, the shape of goods, colors, sounds and smells, or the combination of a number of these elements that create a sign.

  • Community Trademarks (CTM) 
We undertake the registration of community trademarks through the Office for the Harmonization of the Internal Market. 
  • International Trademarks
The proprietor of a Registered national trademark in Cyprus can apply for its registration to all country members of the Madrid Union since Cyprus is a member of both the Madrid Agreement and the Madrid Protocol.

  • Patents in Cyprus
We represent proprietors for the registration of national, European or International patents and we take over the validation of granted European patents in Cyprus.

  • Industrial Designs 
Industrial Designs are considered to be objects with aesthetic properties that can be used in Industry.

  • Exclusive Rights 
Only citizens in the Republic of Cyprus or in a Country Member State of the European Union, or with a place of business in Cyprus or in EU are entitled to apply for the registration of an Industrial Design in Cyprus.

  • Copyrights 
Copyright is the statutory right to prevent others from copying or exploiting original work, i.e. artistic and literary work, music recordings, broadcasts, computer software etc., without obtaining first via license the permission from the proprietor of such rights.

Title and security trading companies find Cyprus very attractive as disposal of securities in Cyprus is tax free! This major factor coupled with the below tax and other factors do make Cyprus a very attractive destination for Title Trading Companies
  • Low set up costs (for substance)
  • Great infrastructure (roads, government buildings, transport)
  • English language is commonly spoken by all residents
  • Payroll expenses are low so as the payroll taxes

Other tax considerations:
  • Lowest corporation tax rate in Europe at 12.5%
  • Majority of expenses are allowable

These are achieved through:
  • Cyprus’s extensive Double Tax Treaty network
  • EU Parent Subsidiary Directive
  • Part of EU and Euro zone
  • Cyprus features on the white list of the Organization for Economic Co-operation and Development (OECD)

Cyprus Investment Companies

Cyprus is increasingly becoming an investment company hub in the Mediterranean as various types of investment firms set up their premises locally and trade taking advantage therefore of the Cyprus low tax system + LINK and set up costs.

Tutis Advisory Services Ltd assists clients in setting up a Cyprus Investment Firm, (hereinafter referred to as “CIF”). The company can provide Financial services anywhere in the world including portfolio management and brokerage. 

The advantage is that any income that is generated by financial transactions is tax free. Taking into consideration the low corporate tax (12,5%) and the benefits and simplified procedures a CIF dealing on own account can easily set up accounts when  establishing counter-party relationships with global investment houses.

A "CIF" company can provide the following services

Investment services:

  1. Portfolio management
  2. Investment advice
  3. Reception and transmission of orders in relation to one or more financial instruments
  4. Execution of orders on behalf of clients
  5. Dealing on own account
  6. Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis

Auxiliary Services

  1. Safekeeping and administration of financial instruments, including custodianship and related services
  2. Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
  3. Advice to undertakings on capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings
  4. Foreign exchange services where these are connected to the provision of investment services
  5. Investment research and financial analysis or other forms
  6. Services related to underwriting

Registration time: Application process normally takes around 6 – 8 months.

Cyprus is considered to be one of the most attractive jurisdictions for Investment Companies for a number of reasons:
  • Tax Free dividends received and paid
  • Low set up costs with large choose of high quality personnel
  • Lowest tax rate in EU, 12,5% corporation tax
  • No withholding taxes


Other tax considerations:

  • Group loss relief (Cyprus companies only)
  • Full exemption from tax on disposal of subsidiary
  • No tax on disposal of shares or liquidation of Cyprus Holding company

These are achieved through: 
  • Cyprus’s extensive Double Tax Treaty network 
  • EU Parent Subsidiary Directive 
  • Part of EU and Euro zone - Cyprus features on the white list of the Organization for Economic Co-operation and Development (OECD)