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One of the greatest challenges of international businesses is finding the right banking/payment solution partner. PERSONAL AND CORPORATE BANKING NAVIGATION We at Highworth, have developed relationships with a wide selection of banks, payment institutions, EMIs and e-commerce payment service providers in Cyprus and throughout Europe, UK, Canada, UAE and the Middle East. Our team of professionals can arrange for a private session with you to obtain a thorough understanding of your banking needs and based on our wide network, can provide you and/or your clients with valuable recommendations for banking solutions to include various jurisdictions to best accommodate your business

The formation of a company in Cyprus is governed by the Cyprus Companies Law, Cap 113, as amended. TAX TREATMENT OF CYPRUS COMPANIES Beneficial tax system Corporate Tax rate 12.5% (with eective corporate rate lower for most international transactions though Cyprus) No withholding tax on dividends received from foreign entities No withholding tax on dividends distributed to non-resident shareholders No withholding tax on royalties arising from sources outside Cyprus Profits arising from the disposal of securities are tax exempt Group relief provisions for companies resident in Cyprus Fully compliant with EU and OECD Special tax schemes available for Shipping industry,

We are proud to support this year’s Demo Day as Platinum Sponsors and excited to empower the next generation of innovative entrepreneurs. At Highworth (Cyprus) Ltd, we specialize in structuring startups to be investor-ready, tax efficient and fully compliant from day one. With a proven track record supporting successful ventures across Europe and beyond, we help founders like you build companies designed to scale confidently. Build a Global Business – The Right Way, from Day One.

As part of our ongoing commitment to serving you better, we are delighted to announce that our offices in Beirut will be reopening this year. After being temporarily closed due to the challenges brought by the regional conflict, we are excited to resume full operations in Lebanon. Our Highworth delegation will be visiting Beirut during the first half of February 2025 for three days between Tuesday the 11th and Thursday the 13th of February. This visit is a perfect opportunity to reconnect and discuss how we can support your business and personal goals. Feel free to contact us at our

The Republic of Cyprus has announced significant enhancements to its Cyprus Startup Visa Scheme, effective January 1, 2025. It is aimed at attracting innovative entrepreneurs, tech founders, and investors from non-EU and non-EEA countries who wish to establish and grow their businesses in Cyprus.   Apart from the creation of a new startup, the scheme also includes the relocation of an existing startup to Cyprus or the establishment of a branch of an existing startup in Cyprus.  KEY BENEFITS OF THE ENHANCED STARTUP VISA SCHEME  Reduced Financial Barriers  The required minimum share capital for startup founders has been reduced from 50%

November Newsletter

As per the article 111B(2), the qualifications differ for individuals who reside in the Republic of Cyprus for highly skilled employment in companies which are determined by the Decision of the Council of Ministers, as well as for their family members. The following companies fall into this category: Businesses/companies of foreign interests operating in the Republic of Cyprus and operating independent offices in Cyprus, which are housed in suitable premises, separate from any private residence or other office; Cypriot shipping companies; Cypriot hi-tech/innovation companies with products related to the aviation and space industry, computers, IT technology and communication sector, pharmaceuticals,

October 2024 Newsletter IP Box Calculator

We are seeking a dynamic Head of Client Accounting to oversee the accounting services we provide to our clients, including international companies, trusts, and foundations. The successful candidate will lead a team of accountants, ensuring the highest standards of accuracy, compliance, and efficiency in all client-related accounting processes. This is a key leadership role within the firm, requiring technical expertise, strong leadership, and excellent communication skills.  Key Responsibilities:  Lead and manage the client accounting department, providing guidance, training, and support to the team.  Oversee the preparation of financial statements, management accounts, and VAT/VIES reports for international clients.  Ensure compliance with applicable accounting