The Complex Web of Israel-Cyprus Economic Ties and Tax Implications
Over the past decade, Israel and Cyprus have forged increasingly close economic bonds, marking a significant trend in the Mediterranean's business landscape.
The Impact of Political Changes on Expatriates and Global Business
In a world where political landscapes are ever-evolving, the implications of electoral outcomes and political shifts on expatriates and international businesses cannot be understated.
Tax Obligations for Remote Workers in Cyprus with UK Employers
In an increasingly connected world, the opportunity to work remotely from picturesque locations like Cyprus, while being employed by a company based in the UK or elsewhere in Europe, is an attractive proposition for many. However, this dream scenario comes with its own set of tax and social insurance complexities that remote workers need to navigate. Here’s what you need to know if you find yourself in this situation.
EU Expands to Shorten UK Expat Stays
ProACT Sam Orgill previews EU Schengen Zone Expansion on the Eastern front in the year ahead and the restrictions this will bring to UK travellers.
The Cyprus Tax Haven: How Remote Working Contractors Can Enjoy 0% Tax
In today’s digital economy, remote working has become the norm for many contractors, and Cyprus is emerging as a haven for those looking to optimise their tax situation. The Cypriot tax system presents an opportunity for remote contractors to benefit from 0% tax, whether they operate with or without a Personal Service Company (PSC).
You will NOT pay inheritance tax
When it comes to inheritance tax, there's a common misconception that it's a burden you'll have to bear.
Understanding Cyprus's "Tax For All" System
Cyprus has introduced a groundbreaking "Tax For All" system. This comprehensive tax reform aims to simplify the tax filing process, enhance transparency, and ensure a more equitable tax collection. As Cyprus positions itself as a leading destination for expatriates and businesses, understanding the implications of this new system for tax residents is crucial.
Big Brother is Watching You
In an era where the concepts from George Orwell’s 1984 seem less like fiction and more like the daily news, expatriates around the globe are finding themselves at the crossroads of increased surveillance and shifting political winds.
Minimum income requirements for a UK visa are rising
The minimum income requirements are increasing from £18,600 to £29,000 in Spring with a further increase to £38,700 planned in 2025.
Investment risks buying property abroad
Investing in property overseas can be an enticing opportunity for many investors looking to diversify their portfolios, secure a vacation home, or capitalise on the potential for higher returns compared to their local market. However, venturing into the international real estate market is not without its challenges. From navigating complex legal frameworks to understanding the local tax implications, overseas property investment requires thorough due diligence to mitigate risks and avoid potential tax traps.