Enhancing Substance

• support Cyprus tax residency status
• avoid creating a taxable presence in another jurisdiction
• support transfer pricing challenges
• defend beneficial ownership challenges
• address increased anti-avoidance and anti-abuse provisions
• exchange information transparently and confidently

 
How CFA can help?

CFA specialists can assist you with the following services:

• Diagnostics of the tax risks arising in the existing structure
• Recommendations on the actions required to deal with these risks including aligning the following:
  • Split of functions and risks between foreign jurisdiction and Cyprus
  • Supporting of the desired functions and risks in the foreign jurisdiction and Cyprus with the corresponding substance in terms of decision-makers/employees’ location and documentation structure
• Assistance in the implementation of substance recommendations following the diagnostic review
• Assistance in preparing a comprehensive corporate governance framework
• Setting-up an office and hiring employees in Cyprus (including assistance in drafting employment contracts, obtaining work permits and optimization of taxation and social security liabilities with respect to the employees)
• Organization of decision-making process in relation to operational and strategic matters
• Providing support in relation to administrative issues (assistance in accounting functions, tax compliance, audit) of the Cypriot companies