Posts in Cyprus Business
PLAN YOUR EXPAT EXIT PLAN - 5 Things To Include

PLAN YOUR EXPAT EXIT PLAN - 5 Things To Include

Sam Orgill of www.proactpartnership.com gives

5 Things Expats Should include in Their Exit Strategy - when Living and Working Abroad Goes Wrong

What gets missed, in the excitement and enthusiasm of relocating overseas, achieving your dream of Living and Working Aboard, investing in overseas property and business, is an exit strategy. 

We all get carried away with something new, something exciting, and can easily allow our common sense to be left on the beach while we go in search of promised new lands, home and work abroad. But what then? How do we get back home? What if the dream fails?

Here’s a check list of 5 things for expats to include in their exit strategy.

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2017 Cyprus Temporary Tax Returns and Payment Now Due

The tax return deadline is 31/7/17 for 017 Cyprus Temporary Tax Returns and Payment Now Due. 

If you have yet to make a return then you have a month left to complete the return and make any tax due without penalty.

WHAT IS THE TEMPORARY RETURN?

The Cyprus temporary tax return is an estimate of income tax due for the current year and is due from 1st July.

ProACT Partnership Tax Saving Expat Experts -Tax Return Service

Need help completing a return ? What advice on when to pay ? Need to be sure to avaoid penalties ? Contact-us for Free Review

www.proactpartnership.com/contact-u

Sam Orgill

ProACT Partnership Expatriate Advice

 

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Bank Deposit Guarantees for Cyprus Banks

Have you ever wondered how safe your Cyprus Bank Deposits are ? Are you fearful of the 2013 Cyprus banking collapse and loss of investor deposits. ? If a bank fails how long before you get your money back. 

Here's an outline of how Cyprus Bank deposits are covered. Note these are an EU standard and apply to other EU banks with minor local variations. 

Safer Than a Bank

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Brexit Ends Political Union Not Global Trade & Tax Links

Brexit ends political union but not trade links. Many UK businesses are owned by overseas investors.

This slanted video does not bring up say Cadbury's or Liverpool FC owned by Americans

It doesn't highlight the Business Owned overseas by UK business. The Footsie 100 is filled with overseas invested Business.

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EU Brexit for Expats - Cyprus Solution

EU Brexit for Expats contains many uncertainties. Expats are concerned to know with cettainty how they will be affected.

Come January 2017 EU Brexit is given momentum by the Trump factor as the new USA president shakes things up globally.  The consensus politics of the world are being disrupted and new paradigms are being set.

Read More and Contact Us for Expat Tax, Overseas Property, Wills, Estates, Business

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5 Ways to Save Inheritance Tax on Overseas Property Investment - Works for Capital Gains Tax Too !!

5 Ways to Save Inheritance Tax on Overseas Property Investment - Works for Capital Gains Tax Too !!

ProACT Sam Orgill www.proactpartnership.com Gives you 5 ways to Save Inheritance Tax or Capital Gains Tax being paid on your Overseas Property Investment. 

The time to protect your overseas property investment for tax savings is before your need to let it go. Whether you sell, give away or die there are potential inheritance or Capital Gains Taxes. If your Business gets in trouble you can ring fence your overseas property investment from creditors. You may lose your health and need long term care, again personal assets can be drained to pay medical or nursing home care fees.

CLICK HERE to Read the Full Article 5-ways-to-save-inheritance-tax-on-overseas-property-investment-works-for-capital-gains-tax-too

Whatever the reason to move on and the transfer of the overseas property investment (or business) there is a potential tax liability.  Capital Gains and Inheritance Tax Savings of up to 40% can be achieved if you plan ahead and organise your assets in a tax efficient manner. By looking forward, planning ahead you can save thousands in tax when selling overseas property.

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CLICK HERE to Read the Full Article 5-ways-to-save-inheritance-tax-on-overseas-property-investment-works-for-capital-gains-tax-too

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Business Start-Ups for Cyprus Expats

Business Start Up costs in Cyprus are expensive and new Expat Business starting in Cyprus should consider their approach to save money and tax in the crucial first two years as the business gets going.

Consider a contractor or sole trader starting a new Cyprus Business.  A start new business could pay over Euro 900 per quarter as a fixed social insurance from the outset. While reductions can be achieved with allot of hard work a minimum social insurance tax bill would be around Euro 300 per quarter.

With good planning you could reduce the business set up costs while remaining compliant for income tax, VAT and Social Insurance

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For EU Brexit for Expats Updates Register and subscribe to our free newsletters click here ProACT Partnership Expat Experts will keep you informed. Click Here to Register

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EU Brexit for Expats: Walls Come Tumbling Down

Sam Orgill of ProACT Partnership considers the background and implications of EU Brexit for Expats Living and Working Abroad

The Clash wondered ‘Should I Stay or Should I Go?’ Indicating a level of indecision with narrow margins.  The Jam successors Style Council replied with ‘You don’t have to sit back… you can actually try changin’ it an Walls will come tumbling down’.  This was the 70’s angst of the UK as they agonisingly choose to be led into the ECC as it was then. 

2016 - Fast forward to 2016 and Great Britain votes 52% to leave – an 18% swing. The EU walls come tumbling down, along with political careers, jobs and lifestyles. What went wrong with the relationship between the British and their European Cousins?

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EU Brexit for Expats: House of Cards?

Sam Orgill of ProACT Partnership considers the background and implications of EU Brexit for Expats Living and Working Abroad

The Clash wondered ‘Should I Stay or Should I Go?’ Indicating a level of indecision with narrow margins.  The Jam successors Style Council replied with ‘You don’t have to sit back… you can actually try changin’ it an Walls will come tumbling down’.  This was the 70’s angst of the UK as they agonisingly choose to be led into the ECC as it was then. 

 

2016 - Fast forward to 2016 and Great Britain votes 52% to leave – an 18% swing. The EU walls come tumbling down, along with political careers, jobs and lifestyles. What went wrong with the relationship between the British and their European Cousins?

Register and subscribe to our free newsletters click here

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Savings Taxes Removed in Cyprus for Expats

Tax Saving as Defence Tax Removed for Non Dom Expat in Cyprus

Happy New Year - Defence Savings Taxes are reduced from 30% to 0% for Expats Living and Working Abroad in Cyprus who qualify for the new 'non-dom' tax status for Expats.

Defence levy Savings taxes are now 0% for all non-domiciled Expat Cyprus investors and tax residents for savings, dividends, investments, property rental income and investments.

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