Business Start-Ups for Cyprus Expats
Business Start Up costs in Cyprus are expensive and new Expat Business starting in Cyprus should consider their approach to save money and tax in the crucial first two years as the business gets going.
Consider a contractor or sole trader starting a new Cyprus Business. A start new business could pay over Euro 900 per quarter as a fixed social insurance from the outset. While reductions can be achieved with allot of hard work a minimum social insurance tax bill would be around Euro 300 per quarter.
With good planning you could reduce the business set up costs while remaining compliant for income tax, VAT and Social Insurance
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ProACT Partnership Tax Saving Expat Experts
ProACT Partnership Tax Saving Expat Experts offer a wealth of experience for families, consultants, professionals and the retired, Living and Working Abroad , Relocating Overseas and Investing in Offshore Property Business and Relocation.
We offer Free Tips and Expatriate Advice on How Too......
TAX - WILLS TRUSTS & ESTATES - IMMIGRATION - PROPERTY - INVESTMENT - BUSINESS - PENSION - MEDICAL
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Will You Leave In the Way you Want? Or Will Law of Succession Decide for You?
Sam Orgill www.proactpartnership.com How Do You Want To Leave This World ? Laws of Succession and Estates can limit your chooses once your gone
When you make a Will you are setting out how your accumulated processions, assets and wealth are to be passed on and who to. You could create legacies for the good of family down the generations, or through charities that you support. You can also choose your funeral service.
These choice are available during your lifetime, but not always on death. as you wish.
Who Will you Trust? What Control Do You Have? Does EU Brexit Impact?
Read the Full Article What Will You Wish For? Cremation V Burial
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EU Brexit: Property Fund - Rock Solid Investment
The EU Brexit decision will have a wide ranging 'economic' and 'social' adjustment period in the coming 2-5 years. There will always be winners and losers. ProACT look at EU Brexit for Expats.
Solid Investment
Over many years people have chosen property funds as a 'low risk' investment of a lump sum.
However all investments can go down as well as up. Dont put all your eggs in one basket otherwise you could find your dreams smashed, as property funds lose liquidity and become a 'solid' investment for the wrong reason.
Post Brexit vote has seen half of UK property funds 'close' to redemptions from investors in UK commercial property. International Commercial Investors feared for future values of UK commercial property and hastened to exit the property fund.
Stay Calm Exchange Rates : EU Brexit for Expats
Stay Calm and Carry On Exchanging Currency
Forget the headlines. Exchange rates go up and down but on average they don't change much.
Do not let the headlines scare you. A headline exchange rate GBP : EURO of 1.20 exchange rate is in line with exchange rates between 2012 / 13 / 14.
This rate is better than 2009 / 10 / 11.
EU Brexit for Expats - No Change Today Though the Love Has gone Away
Sam Orgill ProACT PArtnership Expatriate Advice on What is the Same Today
If we look back 100 years, the Austro-Hungarian Empire still existed, and a Tsar was Empire of Russia. Before 1908 you got on your horse, there were no motor cars for the masses, this modern necessity only arrived with the Ford model T introduced that year. Powered flight started in this period. Freedom of movement meant that people were no longer tied to live and work within walking distance. Much has changed over the last 100 years in security, trade, lifestyle and politics. We are still here, and better off.
The rules will change for the UK and EU whether Brexit Lite or Brexit Full emerges in the coming years. What we know today is:
1. Nothing changes today for Expats Living and Working Abroad – in the UK or in the EU.
2. UK is legally bound within the EU law, these will protect the rights of expats
3. Change is inevitable for EU Expats whatever happens.
EU Brexit for Expats: Walls Come Tumbling Down
Sam Orgill of ProACT Partnership considers the background and implications of EU Brexit for Expats Living and Working Abroad
The Clash wondered ‘Should I Stay or Should I Go?’ Indicating a level of indecision with narrow margins. The Jam successors Style Council replied with ‘You don’t have to sit back… you can actually try changin’ it an Walls will come tumbling down’. This was the 70’s angst of the UK as they agonisingly choose to be led into the ECC as it was then.
2016 - Fast forward to 2016 and Great Britain votes 52% to leave – an 18% swing. The EU walls come tumbling down, along with political careers, jobs and lifestyles. What went wrong with the relationship between the British and their European Cousins?
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EU Brexit for Expats: House of Cards?
Sam Orgill of ProACT Partnership considers the background and implications of EU Brexit for Expats Living and Working Abroad
The Clash wondered ‘Should I Stay or Should I Go?’ Indicating a level of indecision with narrow margins. The Jam successors Style Council replied with ‘You don’t have to sit back… you can actually try changin’ it an Walls will come tumbling down’. This was the 70’s angst of the UK as they agonisingly choose to be led into the ECC as it was then.
2016 - Fast forward to 2016 and Great Britain votes 52% to leave – an 18% swing. The EU walls come tumbling down, along with political careers, jobs and lifestyles. What went wrong with the relationship between the British and their European Cousins?
Cremation Remains a Burning Issue for Cyprus Expats and Residents
Cremation has been legalised in cyprus in a new law passed on 7th April 2016.
There are simmering issues to still be resolved with the process far from clear on how you can complete your wishes without your funeral plans turning to ashes.
The next necessary step is for a licensed crematorium to be build. That may be sometime away as vested interests compete from a political, commercial, theological or regional basis.
ProACT believe you should always look forward, and so let's look at the requirements of regulations.
UK Dividend Tax Saving Boost for Expats
UK Dividend Tax Saving Boost for Expats U.K. Dividend taxes change radically under proposals planned to start for 2016-17. Currently UK company dividends are taxed at a flat 10% tax credit at source. This is to be abolished. New taxes are to replace these along with a tax free earnings that give Tax Saving opportunities to small investors and Expats.
Who Do You Choose to Benefit from Your Will?
Now every Expat must review their Wills to ensure that your Wishes are meet and your assets can be distributed as your wish in your Last Will & Testament. Consider Inheritance Tax, Savings Taxes and Property Title Deeds: to bring your needs in line with the new legislation.
ProACT Expatriate Tax Saving Expat Experts – Free Review
ProACT can also assist and offer Free Review and advice to Make a Will, provide updates or revisions as required. You may want to make gifts to avoid Inheritance Tax. Gift to Family, Gift to Trust.
This may just give you piece of mind, but also ensures that when someone dies, unforeseen problems, expense and inheritance taxes are avoided.
Contact Us for a Free Review. Contact Us Free Review !!
If you want to choose who benefits - make written changes to your Will.
Tax Accounting Records for an Offshore Company
If you use an offshore company for contracting overseas or holding assets offshore , then using a Belize company can give you Tax Saving on Income and Capital and Inheritance if used in the right way. Contact Us
But you may have a tax liability in your personal or business country of tax residence. Or in your country of domicile for inheritance tax