An EU VAT number and VIES reporting make B2B invoicing across the EU straightforward when rules are followed.
Legal Services
Legal-first corporate services. A licensed lawyer, backed by accounting and audit, ensures your personal protection and your company’s smooth, compliant operation.
Why choose Trustank Corporate
Trustank is a lawyer-led, Bar-supervised corporate services firm that works in sync with accounting and audit to keep filings, contracts and numbers aligned. We run a zero-mistake culture with strict deadline control and clean records that banks and regulators accept. The process is hassle free: we plan, draft, file and report with one point of contact and fast responses. Support covers the company and the individual or family where they intersect, including shareholder matters, dividends and residency evidence. The result is lasting compliance, protection and trust.
What we do
Corporate Litigation
We cover disputes inside the company and claims against other businesses. We act on minority oppression, breaches of shareholders’ agreements, directors’ duty breaches, diversion of business, and contract breaches with suppliers or customers. Expect fast protective orders when needed, clear remedies, and settlements that hold.
Agreements
We cover the documents and guidance that make deals safe and workable. We structure local and cross border transactions, run due diligence and report risks, and draft and negotiate SPAs, asset sales and commercial terms. We issue clear legal opinions on enforceability, warranties and indemnities, and coordinate with tax, accounting and compliance so the numbers and filings match the contract. We keep your transactions secure and on time.
Advisory
Advisory is straight legal counsel when you need clarity and speed. We give practical legal opinions on company law and contracts, guide boards on duties and conflicts, review terms before you sign, and map risks with clear next steps. Typical work includes governance and shareholder issues, regulatory and licensing questions, data and privacy matters and dispute risk assessments.
Family Office
Family Office is discreet, multi-disciplinary legal support for families and long-term wealth. We set clear governance, structure holdings in Cyprus and abroad, and design succession that works across borders. Work includes trusts and foundations, real estate and luxury assets, private investments with due diligence and clean exits, and calm handling of disputes. Everything is coordinated with your accountants, auditors and banks so documents are precise, risks are mapped and filings stay on time.
Regulatory / Compliance
We deliver tailored legal advice and representation across compliance and regulatory law. We build and implement policies and controls, prepare licensing packs for CIFs, CASPs, AIFs and other regulated firms, and guide governance, AML and GDPR so teams work safely and transparently. When regulators inspect or issue warnings, we manage the response and defend your position through inquiries, penalties and appeals. Clients range from startups to financial institutions in Cyprus, the EU and beyond.
Migration
We arrange Cyprus residence permits for non-EU nationals through investment or employment, set up employer permits, and guide high-skilled hires through the EU Blue Card. We advise on the fastest lawful routes to Cyprus or other EU citizenship through residence, marriage or descent and we assess eligibility for reputable citizenship by investment programs in third countries with timelines measured in weeks. We also handle all migration services for EU nationals relocating to Cyprus, from registrations to family members and practical setup.
One Contract • All Services
Cyprus, a trusted legal jurisdiction
Common
law roots
Cyprus applies English common law and treats UK case law as persuasive authority. This gives strong tools for company disputes, including breach of fiduciary duty, unfair prejudice, derivative actions and constructive trusts, with predictable remedies and robust interim injunctions.
Enforceable
agreements with practical costs
Contracts are straightforward to enforce in Cyprus. Courts are receptive to clear written terms, offer fast interim measures when needed, and procedures are relatively cost-effective compared with larger jurisdictions so breaches can be tackled quickly without runaway legal spend
Passport
EU fastest lawful route
An EU passport unlocks full freedom to live, work, study and do business across the Union, with easier banking, healthcare access and travel. In Cyprus you reach it through lawful residence to naturalisation routes, including high skilled employment with approved companies, once language and residence requirements are met.
New
Civil Procedure Rules
Cyprus has overhauled its court rules with tighter case management, streamlined pleadings and earlier evidence exchange. The reforms are designed to cut delays and move cases to hearing faster than in many EU jurisdictions, with a stronger push toward settlement and focused trials.
Licensing
Forex, Crypto and Capital Markets
A wide treaty network and generally no withholding on dividends to non-residents help you move profits cleanly when the structure is right.
Protect
your assets and wealth
Good to know
Precision today prevents disputes tomorrow. Strong business relationships rely on prevention, not firefighting. Put the right agreements in place, define approvals and timelines, and keep clean records. This protects deals, eliminates fines and penalties from public authorities, and lowers the risk of claims from counterparties.
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Precision today prevents disputes tomorrow
Mandatory Package
Accounting
Suitable for: Newly established businesses starting operations in Cyprus, established groups adding a Cyprus entity, and dissatisfied clients who want to move their accounting from another provider to Trustank.
Clean books | Timely filings
Your accountant, always available
What you get (one-off setup)
Bookkeeping & Tax Optimization
Monthly bookkeeping (20–30 transactions, extra charges apply for mor), tax compliance, and strategic tax planning.
Salary Calculation & Payslip Preparation
Payroll management for up to 10 employees (extra charges apply for more) including payslips.
VAT Returns & Compliance
Preparation and submission of periodic VAT returns and related compliance checks. Like all EU member states, the Cyprus VAT reporting calendar is on an annual basis.
VIES Returns (VAT Information Exchange System)
Preparation and submission of the required VIES statements to Cypriot tax authorities. VAT registered persons who carry out intra-Community supplies of goods or services.
Social Insurance contributions & PAYE Tax fillings
Handling the relevant filings and assistance with the monthly payment of contributions.
Preparation of T.D.63 Certificate of Annual Emoluments
An official document issued by an employer, that shows the total income paid to an employee during a specific tax year, along with the deductions made (such as PAYE tax and social insurance)
Preparation and Submission of Employer’s Return (T.D.7)
Submission of the Employer’s Return to the Tax Department.
Preparation and Submission of Personal Income Tax Return (T.D.1)
File your yearly tax declaration with the Tax Department.
Provisional Tax Calculation
Calculate and pay provisional tax in two instalments (July and December).
Dividends Declaration & Withholding Compliance
Profit and solvency check with distributable reserves confirmed, resolutions and minutes prepared, SDC/GHS calculated per shareholder, outbound withholding and treaty position reviewed, payment files and notices issued, statutory filings and remittances made with proof, and registers and your digital company file updated. (Additional charges apply for multiple distributions in a year)
Tax Clearance Certificates & Tax Residency Certificates
Application for necessary certificates for international tax planning or corporate structuring.
Non-Domiciled Registration
Official confirmation issued by the Cyprus Tax Department stating that a person is tax resident in Cyprus but not domiciled (i.e., does not have permanent ties to Cyprus for tax purposes).
Accounting System Setup & Support
Set up and maintain cloud accounting that automates routine work, improves accuracy, and gives you 24/7 remote access to upload invoices, review real-time reports, and monitor performance from anywhere.
Price: € 3,850 / annually
* Special rates are available for multi-company setups.
F.A.Q
What do you need from the client each month?
Invoices in and out, bank/EMI statements, payroll changes, and any contracts that affect revenue or costs.
How fast can you start?
As soon as onboarding is done and we have portal access and opening balances. We can take over mid-year and tidy the books to date.
What’s the VAT registration threshold in Cyprus?
€15,600 of taxable turnover on a rolling 12-month basis. We track it and let you know when registration is required. However most clients choose the get registered with VAT from day one since they already have invoices to issue which require VAT number.
How often are VAT and VIES filed?
VAT is usually quarterly. VIES is monthly for intra-EU supplies.
Can you work with our existing auditor?
Yes. We prepare a clean audit pack, answer routine queries, and keep numbers aligned with minutes and contracts.
What about provisional tax?
We calculate provisional tax and handle the two instalments each year, then true-up at year end to avoid interest and penalties.
How does provisional tax work?
Companies estimate current-year profit and pay in two equal instalments: 31 July and 31 December (revised later if needed).
Can you get a Tax Residency Certificate or Tax Clearance?
Yes. We prepare the application, supporting schedules and file it with the Tax Department.
How are dividends handled from an accounting/tax angle?
We calculate and document dividends, update registers, and handle SDC/GHS and any filings. You receive clear statements per shareholder.
Are my expenses deductible?
If expenses are wholly and exclusively for the business and properly documented, they are generally deductible. An experienced accountant can advise on handling them in the company’s best interests.
What if volumes spike as we grow?
We scale the monthly routine and adjust the document flow. You’ll get a simple note when volumes suggest a process change.
Can we switch from our current accountant to you?
Yes. We run onboarding, collect the handover file, reconcile to date and continue without gaps. We can also speak to your old provider if you prefer.
How do you keep us on track with deadlines?
We maintain a compliance calendar for VAT, VIES, payroll, Annual Return and UBO confirmation, with reminders before anything is due.
Is our data safe?
Yes. We follow Cyprus/EU privacy rules, restrict access to need-to-know staff, and keep a clean digital file for audits and banks.
Do you offer fixed pricing?
Yes. One contract covers the bundle (accounting, VAT/VIES, payroll, and the audit handover), with no hidden fees.
What is the Cyprus tax year and when is the corporate return due?
Calendar year (1 Jan–31 Dec). The TD4 corporate return is due 31 March of the second year after the tax year; the balancing tax is generally due 1 August of the following year.
What is the Interest Limitation Rule (ILR)?
Net interest (“exceeding borrowing costs”) is deductible up to 30% of tax-EBITDA or €3m—whichever is higher. Unused interest capacity and disallowed interest can be carried forward up to 5 years (with carve-outs and group rules).
Does Cyprus have an IP box?
Yes. 80% deduction on qualifying profits from qualifying IP (Nexus aligned).
SDC on dividends, who pays?
Individuals who are Cyprus tax-resident and domiciled pay SDC 17% on dividends. Non-dom individuals are exempt from SDC on dividends. Use our Dividends Calculator.
Is GHS (GeSY) due on dividends?
Yes. Dividends to Cyprus tax-resident individuals (dom or non-dom) attract GHS 2.65%, subject to the €180,000 annual income cap for contributions withheld at source and reported/paid via the Tax Department.
Are there outbound withholding taxes (WHT)?
Generally no WHT on dividends/interest paid to non-residents, and no WHT on royalties for rights used abroad except for “defensive” WHT on payments to entities in EU Annex I (non-cooperative) / certain low-tax jurisdictions (e.g., 17% on dividends, other rates for interest/royalties under recent laws).
Capital gains, what’s taxed?
20% CGT on gains from Cyprus-situated immovable property and on shares of companies that (directly or indirectly) derive ≥50% of value from Cyprus immovable property (listed shares excluded).
How does the “non-dom” status interact with dividends?
Non-dom Cyprus residents do not pay SDC on dividends or interest, but GHS on passive income still applies (up to the cap).
What confirms tax residency for treaty relief?
A Tax Residency Certificate from the Cyprus Tax Department often needed by banks or counterparties confirms residency for treaty purposes. (We handle the application and schedules.)
Do Cyprus companies prepare IFRS accounts and audit?
Yes. IFRS financials and mandatory annual audit by licensed auditors are standard, which helps with banking and due diligence.
How does the 60-day tax residency rule work in Cyprus?
It’s an alternative to the 183-day rule for individuals. In the same calendar year you must:
(1) spend at least 60 days in Cyprus
(2) not spend over 183 days in any other single country
(3) not be tax-resident anywhere else
(4) have ties to Cyprus (e.g., carry on a business here, be employed here, or hold an office such as director of a Cyprus tax-resident company) for the year and
(5) have a permanent home in Cyprus (owned or rented). All conditions must be met within the year.
How are days counted for the 60-day/183-day rules?
Day of arrival in Cyprus = day in Cyprus. Day of departure = day outside Cyprus. Same-day in-and-out trips are counted as in Cyprus. Keep travel proofs (boarding passes, passport stamps, e-tickets).
What is a Cyprus tax ruling?
A written advance ruling from the Tax Department on how tax law applies to your specific facts (e.g., NID, IP, PE, withholding, residency). It’s generally binding on the Tax Department provided your facts are complete and accurate and the law doesn’t change.
When should I seek a tax ruling?
When a material transaction needs certainty (financings, IP licensing, complex restructurings, cross-border dividends/interest/royalties, management-and-control evidence). We prepare the fact pattern, legal analysis and supporting documents and handle the submission.
Do you work with EU VAT OSS and IOSS?
Yes. We register and file OSS for intra-EU B2C distance sales and IOSS for low-value imports (≤ €150) sold to EU consumers. We align your invoicing, evidence and returns so rates apply correctly per customer location.
