04.19
Tax Advisory & Compliance
investment income of an individual foreign client in the instance he relocates in Cyprus

Representative Work

Kinanis LLC provided tax advice to a client which resulted in a favourable tax ruling in relation to the taxation of the investment income of an individual foreign client in the instance he relocates in Cyprus.

The client’s investment income for 2018 amounted to approximately Euro1.800.000,00 and was comprised by the gain from sale of shares, bonds, fund units, structured notes, dividend income and interest income from bonds, structured noted and fixed deposits.

With this favourable tax ruling the Client decided to relocate in Cyprus and become a Cyprus tax resident individual for the tax year of 2019 onwards.