LSTS assists its clients in optimising tax gains and minimising tax leaks through expert international tax planning.
LSTS offers legal advice and support through Cyprus qualified corporate lawyers able to advise on all corporate law matters.
LSTS offers the full spectrum of fiduciary and company secretarial services required by clients optimising through Cyprus.
LSTS offers bespoke substance services allowing clients to tailor products and services to achieve the requisite presence.
LSTS offers assistance in opening bank accounts in numerous premium jurisdictions in Europe and Asia.
RUSSIA DEOFFSHORISATION 31 March 2015 Update Notification requirements for foreign structures – New date 15 June 2015 A bill has been submitted to the Upper House of the Russian Parliament, moving the deadline for submitting notifications on participation in foreign companies from 1 April to 15 June 2015. Our expectations are that this bill willRead More
CYPRUS FINANCING TAX STRUCTURES BACK TO BACK LOANS One Tier Financing Company Provisions of the Law Article 33 of the Income Tax Law 2002 (the “Law”) gives the Inland Revenue Department the power to adjust transactions between connected companies, entities and individuals on an arm’s-length basis and to tax the resulting deemed profits, gains orRead More
THE CYPRUS INTERNATIONAL TRUST On 8 March 2012 the House of Representatives in Cyprus enacted the International Trusts (Amending) Law of 2012 effecting various structural amendments to the International Trusts Law of 1992. A new era began for Trusts in Cyprus giving a favourable trust regime by ensuring that international investors, settlors and beneficiaries enjoyRead More
“Deoffshorisation” Tax free repatriation of assets under liquidation of foreign entities Importance of initiating liquidation proceedings prior to 1 January 2017 FOREWORD Under the Russian Tax Code (the “Code”) Russian companies and Russian controlling persons can receive assets under liquidation proceeds from foreign entities tax free and also create a tax basis for futureRead More
Creditors Voluntary Liquidation FOREWORD Below we set the procedure for the creditors’ voluntary liquidation for a Cyprus company with references to the Cyprus Companies Law Cap. 113 (the “Cyprus Companies Law”) followed by a practical step by step procedure of the actions necessary to complete such a liquidation. LSTS members are licensed liquidators under theRead More
Members Voluntary Liquidation FOREWORD Below we set the procedure for the members’ voluntary liquidation for a Cyprus company with references to the Cyprus Companies Law Cap. 113 (the “Cyprus Companies Law”) followed by a practical step by step procedure of the actions necessary to complete such a liquidation. LSTS members are licensed liquidators under theRead More
India and Cyprus sign the treaty for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion UPDATE 18 NOVEMBER 2016 On 18 November 2016 Cyprus, represented by the Finance Minister Harris Georgiades, and India, represented by the High Commissioner Ravi Bangar, have signed the treaty for the Avoidance of Double Taxation and theRead More
ANNUAL MOSCOW LEGAL FORUM The Third Annual Moscow Legal Forum, is the largest legal forum in Russia, attended by over 1000 participants, including the “Magic Circle” law firms, and “Big Four” advisory firms. John Joannides, Head of Legal & Business Development of LSTS Cyprus was invited to speak at the forum, on the Russian DeoffshorisationRead More
Intellectual Property Rights – Cyprus Tax Structures OPPORTUNITY WINDOW CLOSES 31 December 2015 FOREWORD In July 2012 the Cyprus Income Tax Law, Law 118 of 2002 was amended to provide, amongst others, very beneficial tax incentives and exceptions relating to income deriving from the intellectual property rights (“IP”). The provisions of the revised tax legislationRead More