Cyprus

If you are living in Cyprus and involved in the UK Property and real estate, UK Property Accountants will provide expert UK tax and accounting solutions tailored to the residents of Cyprus . The property taxes applicable in the UK is quite complex and can be very difficult to understand for Cyprus based businesses and individuals. The UK tax system is drastically different from the tax system of Cyprus.

Following are the most common forms of ownership structure commonly used by the investors and businesses based in Cyprus for property ownership and property development projects:

• UK limited company with residents of Cyprus as shareholders
  
• Private Limited Liability Company (LLC) registered in Cyprus
  
• Direct ownership by individual investors
• Other complex structures such as trusts and entities based in Cyprus
  

Tax experts and accountants at UK Property Accountants with experience and expertise in dealing with Cypriot residents will be able to advise you on the best structure and execute the chosen structure. We also understand the reliefs and tax implication of the double taxation treaty between the UK and Cyprus (UK/Cyprus Double Taxation Treaty) signed on 22 March 2018.