Cyprus Business Consultancy Service

Limassol, November – In response to the evolving global economic landscape and the increasing trend of cross-border business activities, we are pleased to announce the introduction of our comprehensive Tax Advisory services in Cyprus. This unveiling represents a significant development for businesses seeking expert guidance in navigating the complexities of international taxation. The current global business environment is undergoing a transformative shift, characterized by heightened cross-border activities, increased capital mobility, and the dismantling of trade barriers. Recognizing the growing demand for efficient tax consultants, we present our team of expert Cyprus Tax Advisors. More than mere service providers, we position ourselves as strategic partners dedicated to aiding businesses in ensuring tax regulation compliance, risk mitigation, and optimizing tax positions for sustainable growth. Our services extend beyond traditional tax advisory, covering meticulous tax return preparation, resolution of complex tax issues, thorough tax return audits, and seamless facilitation of tax payments. At the core of our Cyprus Tax Planning and Consultancy Service lies its adaptability to the dynamic international business landscape. Entrepreneurs and investors are increasingly establishing international business companies, strategically positioning their participations globally, and engaging in trading activities in jurisdictions with favorable business environments. Cyprus, with its efficient financial, tax, legal, and banking systems, coupled with low operating costs, emerges as an ideal hub for such ventures. Our Cyprus Tax Consultants comprehend the unique challenges and opportunities linked to cross-border activities, providing tailored solutions to navigate this intricate terrain. In an era where agility and thorough understanding of international trade transactions are paramount, our professional Cyprus Tax Consultant team stands as an epitome of expertise. We are committed to furnishing clients with the knowledge and insight required not only to survive but to thrive in this dynamic setting. Through our advisory services, businesses can capitalize on friendly business environments, efficient financial systems, and high-quality professional services strategically positioned near their international markets. Moreover, our comprehensive suite of services extends to company formation, guiding businesses through the intricacies of establishing a robust corporate presence in Cyprus. Our expertise in corporate accounting ensures meticulous financial management, offering transparency and accuracy necessary for informed decision-making. Additionally, our immigration services facilitate seamless transitions for businesses and individuals navigating the complexities of relocating to Cyprus, ensuring compliance with immigration regulations. As opportunities for cross-border activities increase, so do associated risks and regulations. Our Cyprus Tax Advisors are poised to address these challenges, providing high-quality and competent advisory services that empower businesses to make informed decisions. Whether ensuring compliance with the latest tax regulations, navigating the intricacies of international tax structures, or proactively identifying opportunities for tax optimization, our team is equipped to provide personalized solutions aligning with the unique needs of each client. In conclusion, our Tax Advisory services in Cyprus aim to be a cornerstone for businesses looking to unlock their full potential in the global marketplace. With a steadfast commitment to excellence, our Cyprus Tax Consultants are dedicated to providing businesses with the tools and expertise they need to thrive in an ever-changing international business landscape. https://www.youtube.com/watch?v=6ABZj_lZdus About Globalserve Globalserve Consultants, a licensed accounting and corporate provider firm, operates under the regulatory oversight of the Institute of Certified Public Accountants of Cyprus (ICPAC) with license number E495/F/2013. Established in 1994, the firm has solidified its position as a prominent entity within the sector in Cyprus. Its core activities encompass international tax advisory services and the formation and management of international business companies, spanning various jurisdictions including Cyprus, UAE, UK, Malta, the Netherlands, Hong Kong, Singapore, Switzerland, Luxembourg, Bulgaria, and other international business centers. With a robust presence, Globalserve Consultants oversees the incorporation of these entities in more than 30 international business hubs.

Nicosia, Cyprus – Globalserve Consultants, a distinguished leader in international business solutions, is pleased to unveil its highly anticipated Business Consultancy Services. With an unswerving commitment to providing expert guidance and crafting tailor-made solutions, Globalserve Consultants is positioned to empower businesses seeking to optimize tax structures, facilitate seamless company formations, and navigate intricate immigration services. The imperative for a resilient and adaptable strategy has surged as the global business landscape evolves. Recognizing contemporary enterprises' multifaceted challenges and opportunities, Globalserve Consultants proudly presents its comprehensive Business Consultancy Services. This holistic suite encompasses a spectrum of vital business requirements, encompassing international tax advisory, efficient company formation, streamlined immigration protocols, and comprehensive corporate and legal support. Key Highlights of Globalserve Consultants' Business Consultancy Services: Efficient Tax Structures: Drawing from specialized prowess in forming international business entities, particularly honing in on Cyprus Limited Liability Companies as optimal EU intermediaries or holding entities, Globalserve Consultants is steadfastly devoted to architecting tax structures impeccably aligned with each client's business aspirations. Leveraging extensive industry insight and years of domain expertise, the firm's adept professionals meticulously engineer tax strategies geared to foster growth, ensure compliance, and achieve competitive advantage.Comprehensive Immigration Services: Traversing the intricate landscape of immigration protocols within Cyprus can be daunting. However, with Globalserve Consultants as your guiding ally, this process seamlessly metamorphoses into an efficient journey. Whether residency or employment-related, the firm's proficient experts adroitly oversee services spanning the procurement of yellow slips, meticulous management of BCS processes, acquisition of pink slips, and attaining diverse licenses. This unparalleled immigration support expedites the assimilation of professionals into the fabric of Cyprus' business sphere. Holistic Corporate & Legal Services: The commitment to unwavering client support underscores Globalserve Consultants' comprehensive approach across an extensive gamut of corporate and legal requisites. From precision-driven company incorporation and administration to the establishment of resilient banking liaisons, the creation of trusts and foundations, the orchestration of seamless mergers and acquisitions, and comprehensive accounting and reporting, the firm's accomplished team ensures that enterprises are endowed with indispensable tools ensuring legal compliance, impeccable corporate governance, and administrative prowess. "Globalserve articulated, "The cornerstone of our ethos is our unwavering commitment to proffer businesses a meticulously customized suite of services finely tuned to their distinct prerequisites. Globalserve Consultants' Business Consultancy Services are deeply rooted in a legacy spanning decades, characterized by innovation, and informed by industry-leading proficiency. As a steadfast ally, we bolster businesses aspiring for strategic expansion within the swiftly evolving global panorama." Bolstering its commitment to excellence, Globalserve Consultants extends its exceptional services through a network of representative offices in Cyprus, Greece, and the UAE. This outreach radiates across Europe, encompassing the CIS countries, the Eastern Mediterranean, and the Gulf region. The firm's dedication to conformity with international regulatory frameworks and diligent anticipation of client needs is vividly underscored by its prestigious affiliations with reputable organizations, including ICPAC, CCCI, STEP, and IFA. For an exhaustive understanding of how Globalserve Consultants is poised to reshape business strategies, optimize tax structures, and deftly facilitate seamless international operations, kindly explore gstaxconsultants.com. Alternatively, connect with the dedicated team via email at marketing@globalserve.com.cy or +357 25 817181 for direct engagement. https://www.youtube.com/watch?v=JJ_5OPDGcBA&t=1s About Globalserve Consultants: Globalserve Consultants, a licensed accounting and corporate provider firm regulated by ICPAC in Cyprus, proudly embodies a distinguished heritage since 1994. Pioneering a comprehensive spectrum of international tax advisory services, fortified by unparalleled expertise in company formation and strategic management solutions, Globalserve Consultants stands as a beacon within the industry. Guided by an unwavering commitment to excellence and a flair for innovation, the firm orchestrates transformative solutions that steer client enterprises toward resounding success.

Limassol, Cyprus: Globalserve Consultants LTD, a leading licensed accounting and corporate provider firm in Cyprus, is pleased to announce its comprehensive tax advisory services to assist individuals and businesses with the recent amendments to Article 8(23A) of Cyprus's Income Tax Law (ITL). The Cyprus Parliament recently voted to introduce significant amendments to Article 8(23A) of the Income Tax Law, and these changes were officially published in the Cyprus Gazette on 30 June 2023. The amendments are applicable retroactively from 1 January 2022 and encompass the following key provisions: Extended Residency Requirement: The 50% exemption on income tax is now granted to individuals who were not residents of Cyprus for 15 consecutive years (instead of 10 years as previously the case) before any employment in Cyprus. This means eligible individuals can enjoy the tax exemption after 15 years of non-residency in Cyprus before starting employment there. Change of Employer Eligibility: The 50% exemption on income tax is now granted to individuals even if they change their employer. Previously, the exemption was only applicable to the first employment in Cyprus, and changing employers would result in the termination of the exemption. Extended Exemption Period: The 50% exemption on income tax is now granted for 17 consecutive years starting from the tax year of employment in Cyprus. This exemption will remain in effect until Article 8(23A) 's provisions are abolished or the 17-year period is completed, whichever occurs earlier. Transitional Provisions: It is important to note that these amendments also apply to the transitional provisions introduced in Article 8(23A). Individuals whose employment commenced before 1 January 2022 and who were not Cyprus tax residents during any of the 15 years preceding their employment in Cyprus may be eligible to transition into the provisions of the new Article 8(23A) for the 50% exemption. This eligibility is applicable during any tax year in which their remuneration exceeds the amount of €55,000, starting from the year 2022 until the completion of 17 consecutive years from the year of their employment. To qualify, individuals must meet one of the following conditions: They were eligible for the 50% exemption under Article 8(23) of the Income Tax Law.They were first employed in Cyprus during 2016-2021, with remuneration exceeding €55,000 annually. They commenced their first employment in Cyprus during the period 2016-2021 with remuneration not exceeding the amount of €55,000 per annum and within six months from the date of publication of the new Law in the Cyprus Government Gazette (26 July 2022), their remuneration exceeded the amount of €55,000. Contact Information: For inquiries or assistance related to the amendments to Article 8(23A) of the Income Tax Law in Cyprus, please contact: Globalserve Consultants LTD Phone: +357 25 817181 Address: Globalserve Business Centre, Vasili Michaelidi 9, Limassol 3026, Cyprus About Globalserve Consultants LTD: Globalserve Consultants LTD is a licensed accounting and corporate provider firm in Cyprus, regulated by ICPAC, with license number E495/F/2013. With over 25 years of experience, Globalserve offers a wide range of professional services, including tax and financial advisory, incorporation and administration of companies, banking services, M&A transactions, accounting, and more. The company is a member of prestigious organizations such as ICPAC, CCCI, STEP, and IFA, ensuring compliance with international regulations and providing expert solutions tailored to client's needs worldwide. For more information about Globalserve Consultants LTD, please visit www.gstaxconsultants.com. https://www.youtube.com/watch?v=3Ovl8PKvVkM&t=18s Please note that the information provided in this press release is based on the amendments to Article 8(23A) of the Income Tax Law in Cyprus up to publication date. Tax regulations may be subject to further changes, and individuals and businesses are advised to seek professional advice for their specific circumstances.