Cyprus work is not as good as starting a business, how low is the tax

The CRS is coming to the necessary identity

--- Low-key luxury has the connotation of the Cyprus passport

Cyprus has been known as the "European backyard" beauty

Life is at ease, the population of about 1,190,000 people;

The goddess of love Venus's home;

Perfume, the birthplace of wine;

The olive oil is abundant, or hand-picked traditional pressed;

Fruit can be washed, and the traditional press. The birthplace of perfume and wine;

Olive oil in abundance, still hand-picked and traditionally pressed;

Fruit can be eaten without washing;

Over 320 days of sunshine throughout the year;

300,000 euros can be purchased and self-built a large House with a garden and a pool;

Cheap prices, a couple of hundred dollars to eat seafood dinners! Low-end consumption, too low-end;

House walls also use 12 steel bars, building materials higher than the EU standard;

High level of health care system, free medical care;

Birth of a child is also rewarded;

World-class tax haven;

Overseas permanent establishments of the profits of the tax exemption;

Most of the time Dividend income is exempt from tax;

No capital gains tax on the sale of overseas real estate;

No tax on the sale of stocks, bonds or other securities;

Corporate income tax is only 12.5%, one of the lowest in Europe;

No property, inheritance, or gift tax, and a special tax rate on pensions of only 5%;

No real estate tax.

Cyprus has now signed double tax treaties with 50 countries and territories, including China. Cyprus passport, a must-have status for the advent of CRS!

British education system, direct access to the UK's top schools

Cyprus International School has students from 38 countries, where students can easily learn more than one language, such as English, Greek, French, Russian, Spanish, Italian, etc.;

British education, many with a wealth of teaching experience in the United Kingdom teachers;

The school has a variety of student clubs, which increase students' enjoyment and ability to socialize;

British Commonwealth countries, students' results are recognized by the United Kingdom, students can easily enter the United Kingdom's leading schools;

Students who have obtained a green card and have resided in Cyprus for more than five years can apply for Cypriot citizenship, and enjoy great discounts on tuition fees for British universities;

Students who have obtained a green card and have resided in Cyprus for more than five years can apply for Cypriot citizenship. British universities enjoy great discounts on tuition fees;

Some universities run schools jointly with British and American schools, implementing the 2+2 academic system, graduating directly from the British and American degrees;

Cyprus is a British Commonwealth country, where there are a lot of British International Schools, the child finished high school in Cyprus, you can directly enroll in the UK's top schools, including Oxford, Cambridge and other well-known universities in the United Kingdom, and easy access to Oxford, Cambridge and other famous British schools.

Rich as oil, called "European Dubai"

12 natural gas fields offshore natural gas, reserves of about more than 6 trillion cubic feet, valued at about 129 billion U.S. dollars, to meet the European 40% of the supply of natural gas, can be used in Europe for about two hundred years.

Melco International, owned by gambling king Stanley Ho, which is listed on the Nasdaq in the United States and has made a splash in Las Vegas, is also involved in the operation of the Cyprus casino.

It is foreseeable that Cyprus will become the Las Vegas on the Mediterranean in the near future. No wonder, the world's rich people like to go to ~ ~ ~ ~

CRS Introduction

CRS is the English abbreviation for Common Reporting Standard, which is translated into Chinese as "Uniform Reporting Standard". It was proposed by the Organization for Economic Cooperation and Development, also known as OECD (Organization for Economic Co-operation and Development).

Two years ago, the OECD proposed guidelines in Australia to guide participating jurisdictions in the regular exchange of information on financial accounts of tax residents, with the aim of improving tax transparency and combating the use of cross-border financial accounts to avoid tax by strengthening global tax cooperation.

To give a simple example, if we Chinese go to the UK one day and deposit a sizable amount of money, then the UK banks are obliged to disclose the amount of information on the Chinese deposits to the Chinese tax authorities, which is an exchange of information.

The earliest country on the planet that wanted to do information exchange was actually the U.S. The U.S. started to push the principle of information exchange in 2010, with his Foreign Account Tax Compliance Act (FATCA), which the Taiwanese translated as the Fat Cat Act. The United States pushed very hard, but very effective, for example, the United States began to find Switzerland, Switzerland disclosed all the information on the deposits of Americans to the United States to help the United States to collect a lot of tax, so the United States asked all the countries on the market to sign the exchange of information rules with him. The U.S. did so well that OECD members began to follow suit.

The *** Same Filing Guidelines, which aim to promote the automatic exchange of tax information between countries, are being implemented in each country gradually and are expected to fully cover all member countries in 2018. Although not a model with the force of law, the OECD, the organization that initiated the CRS, advocates that member countries should sign up for the exchange of citizens' information, as required.

At the beginning of the year, Cyprus opened a new immigration channel, with the opportunity to gain access to a hefty €2 million investment for a mere €100,000 payout.