We advised of, then prepared and submitted an Advanced Tax Ruling request to the Cyprus Tax Department on behalf of a client, a global online trading platform and its UBO, who was establishing a personal wealth management and family office. Our team identified opportunities to utilize the Cyprus tax incentive scheme for Notional Interest Deduction (NID), while strategically avoiding taxation on the initial capitalization of the contemplated company with cryptocurrencies. Leveraging our deep understanding of the relevant legislation, practice and interpretive guidance, we meticulously prepared a comprehensive and detailed submission. We are currently awaiting the response from the tax authorities, with the aim of securing favorable tax benefits for our client in this highly complex case.