Cyprus is the third-largest island in the Mediterranean and is strategically located at the crossroads of three continents (Europe, Africa and Asia).
Vistra (Cyprus) Ltd. is located in Limassol, the second-largest city in Cyprus, which in recent years, has become the focus of increased investment. This is thanks to attractive residence and business schemes in Cyprus, which have brought an influx of multinationals and entrepreneurs seeking a business-friendly hub for their operations.
An EU Member State since 2004, Cyprus recognises the supremacy of EU Law, including the Treaties, Regulations and Directives, which have been accordingly enacted into the laws of Cyprus. Cyprus also recognises decisions made by the Court of Justice of the European Union (CJEU).
Cyprus has introduced preferential regimes for intergroup financing and software/technology development. Cyprus also has double taxation treaties with over 60 countries and several bilateral investment agreements.
As well as offering a full range of corporate, fiduciary and trust services in Cyprus, Vistra (Cyprus) Ltd. offers corporate accounting services in pursuant to International Financial Reporting Standards (IFRS), as well as local regulatory requirements in the Republic of Cyprus.
Vistra (Cyprus) Ltd. is also able to ensure a Cyprus company’s tax compliance is fulfilled in accordance with the Directive on Administrative Cooperation (DAC), Country-by-Country Reporting and Transfer Pricing Guidelines.
With an expertise in administering several types of funds, including private equity, real estate, and fund of funds, Vistra (Cyprus) Ltd. can effectively and efficiently provide daily accounting, management reporting, NAV calculation, and financial statements preparation for an array of Cyprus registered investment structures. And, with a deep understanding of the Alternative Investment Fund Law in Cyprus, Vistra (Cyprus) Ltd. can also help clients navigate any local regulatory requirements with ease.
Finally, Vistra (Cyprus) Ltd. have a dedicated payroll team, which can deliver a service that counts on a global-standard of expertise to ensure tax, social security and ad hoc employer/employee compliance in Cyprus, as well as internationally.
23 Jan 2019
The Cyprus Double Tax Treaty network has expanded for 2019 with a new Treaty with Luxembourg becoming effective as of 1 January 2019 and a new Treaty with the United Kingdom (UK), which replaces the previous Treaty signed in…
29 Nov 2018
23 Jul 2018
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