We work for your joy and happiness!
+357 25 345010
info@eltoma-global.com
info@eltoma-global.com
Manage cookies
Cookie Settings
Cookies necessary for the correct operation of the site are always enabled.
Other cookies are configurable.
Other cookies are configurable.
Taxation for Companies & Individuals – Cyprus
Strategic Tax Advisory and Full Compliance Services for Local and International Clients
Cyprus-incorporated companies (local and foreign-owned)
Expatriates, high-net-worth individuals, and digital nomads
Entrepreneurs relocating to Cyprus or receiving foreign income
Investment vehicles, holding companies, and special purpose entities (SPEs)
Law firms, corporate service providers, and fiduciaries acting for third parties
Taxation for Companies & Individuals on Cyprus
Strategic Tax Advisory and Full Compliance Services for Local and International Clients.
Eltoma (Cyprus) Limited provides comprehensive tax advisory, compliance, and planning services for companies and individuals subject to the Cyprus tax regime. With nearly two decades of experience advising local and international clients, we help businesses and individuals optimise their tax position, benefit from Cyprus’s favourable tax framework, and meet their reporting obligations in a timely and accurate manner.
Cyprus offers one of the most attractive and transparent tax systems in Europe, featuring a low corporate income tax rate of 12.5%, an extensive double tax treaty (DTT) network, no withholding tax on dividends paid to non-residents, and beneficial regimes for non-domiciled individuals, IP income, and holding companies.
Our in-house tax advisors and qualified accountants ensure that every aspect of your business or personal affairs is structured in accordance with Income Tax Law, VAT Law, and applicable international tax standards, including OECD and EU guidelines.
Our in-house tax advisors and qualified accountants ensure that every aspect of your business or personal affairs is structured in accordance with Income Tax Law, VAT Law, and applicable international tax standards, including OECD and EU guidelines.
Our Services Include:
We assist Cyprus-incorporated companies, branches, and permanent establishments in complying with local corporate income tax obligations:
- Tax registration with the Cyprus Tax Department
- Calculation and submission of temporary tax returns (Forms TD6 & TD6A)
- Preparation and filing of annual income tax returns (Form TD4)
- Calculation of annual tax liabilities and quarterly provisional payments
- Utilisation of group relief, tax losses, and notional interest deduction (NID) schemes
- Implementation of tax-efficient profit repatriation strategies
- Application of intellectual property (IP) box regimes under Cyprus law
- Assistance with structuring of financing arrangements and shareholder loans.
We advise individuals—residents, expatriates, and non-domiciled persons—on tax matters affecting their income and international mobility:
- Personal tax registration and issuance of Tax Identification Code (TIC)
- Preparation and filing of individual income tax returns (Form TD1)
- Calculation of Special Defence Contribution (SDC) where applicable
- Assessment of non-domicile status and eligibility for SDC exemptions
- Tax optimisation for high-net-worth individuals and digital nomads
- Support with Cyprus 183-day and 60-day tax residency rules
- Assistance with obtaining tax residency certificates and responding to foreign tax inquiries.
Our VAT team helps businesses understand and comply with Cyprus VAT legislation, including registration, filings, and special schemes:
- VAT registration for Cyprus-based and foreign businesses (Form VAT 101)
- Filing of quarterly VAT returns (Form VAT 4), recapitulative statements (VIES), and Intrastat declarations
- Advisory on place of supply rules, reverse charge mechanisms, and intra-community transactions
- Registration and administration of Import VAT Deferral Scheme (IVADS) for importers
- VAT group registration for holding or affiliated companies
- VAT compliance reviews and assistance during VAT audits or inspections.
Cyprus is a widely used jurisdiction for holding and investment vehicles due to its business-friendly tax rules:
- Structuring Cyprus holding companies to benefit from no withholding tax on dividends
- Use of Cyprus SPVs for real estate, private equity, and asset protection
- Advising on participation exemption for dividends and capital gains
- Management of substance requirements and board governance for tax residency purposes
- Strategic use of Notional Interest Deduction (NID) on new equity financing
- IP income structuring under Cyprus IP box regime (80% deemed deduction).
Cyprus has signed over 65 double tax treaties (DTTs) which can be used to reduce withholding taxes and mitigate exposure to double taxation:
- Treaty benefit applications for dividend, interest, and royalty payments
- Review of eligibility under beneficial ownership and substance criteria
- Liaison with foreign tax advisors to structure compliant and efficient transactions
- Application for foreign tax credits and treaty-based exemptions
- Tax residency planning for individuals and companies with international connections.
Eltoma provides full representation before the Cyprus Tax Department and other relevant authorities for:
- Handling tax audits, investigations, and queries
- Submission of voluntary disclosures and correction of past filings
- Negotiation of tax assessments and payment plans
- Filing objections, appeals, and obtaining binding rulings
- Preparing documentation for tax clearance certificates and "No Objection" letters (e.g. for company deregistration or dividends).
Why choose Eltoma for Tax Services?
- Licensed and Experienced: Decades of expertise advising Cyprus companies, individuals, and international clients
- Full Compliance: Adherence to Income Tax Law, Assessment and Collection Law, VAT Law, and applicable EU Directives
- Local and International Perspective: We understand how Cyprus tax fits into broader cross-border strategies
- End-to-End Service: From planning and registration to filings and audit support—handled under one roof
- Trusted Representation: We engage directly with tax authorities on your behalf to simplify compliance
| | Get in Touch Contact Eltoma (Cyprus) Limited for expert guidance tailored to your commercial and personal needs! |