Department profile submitted by Dr. K. Chrysostomides & Co LLC
Our firm has the expertise to design, advise on, implement and defend solid tax planning structures built around the Cyprus tax regime which look to cater for the new challenges brought about by the ever-changing global economic environment and evolving tax regimes.
We strive to enhance tax efficiency, risk reduction and avoidance of tax controversy, effectively and efficiently and we deal with matters involving corporate tax, property tax, personal tax, employment taxes, VAT and customs duties. Specifically, with regard to corporate tax, the key areas of our practice are mergers and acquisitions, reorganisations, joint ventures, commercial projects and due diligence matters.
·Our firm’s corporate and dispute resolution departments work closely with our tax practice team on a number of multijurisdictional transactions and assist with implementing and defending tax strategies for our clients’ international operations and transactions.
Our clients are involved in a wide range of business activities, that include finance, property, shipping, industrial, technology and energy. A significant part of our firm’s tax-related work concerns private client wealth and personal tax. We advise on tax efficient schemes and incentives for HNWIs, including yacht and aircraft leasing schemes and the use of trusts, as well as on individual tax domicile and residency including the Cyprus non-domiciled regime and the exemptions and incentives available to individuals relocating to Cyprus.