Note the distinction between resident tax and non-tax resident companies. Cyprus is becoming increasingly popular as a business location. No other country in the EU offers similar tax breaks at the same time, EU wide legal certainty. The growing interest in Cyprus limited companies to optimize tax but also leads to a growing number of firms, which it takes much less with accurate advice and harm clients over the medium term rather than to create advantages. For this reason, Shanda consult published this press release about some important information about the societies in Cyprus and their tax treatment.

Companies (international business company) no longer exists the IBC recommended by many consulting companies in Cyprus for over 5 years! Often it is however simply an inaccurate choice of terms in the context of application or advice. Well but, as a consultant is that it is not precise with his choice of words, leaving your review. Although it is in Cyprus also other Societies are (partnerships, AG-like public limited companies”, etc.), the limited liability company is in almost all cases (limited liability company” “) in question, not only for foreigners, since it is the locally common in Cyprus company form. From the perspective of company law, there is no differentiation between domestic and foreign companies, or between companies in Cyprus with domestic or foreign, or resident in Cyprus or non resident shareholders. However, Cyprus tax law distinguishes between residents “and tax foreigners”, or between, so the Cypriot terminology, tax-resident “and non-tax resident” companies. Companies which have not only its registered headquarters in Cyprus, registered in Cyprus, but its Managing Director (= directors) are resident in Cyprus, whose centre of business Decisions so is in Cyprus, considered to be tax-resident companies. Tax-resident companies are subject to under the simply structured Cypriot tax law, a 10% corporate tax. There are no other taxes on the profits of the company, some a few, rarely applicable exceptions.

Non-tax resident companies, however, are subject to Cyprus of any tax liability. The Centre of business decisions must be outside Cyprus, that is to say, the Managing Directors (directors =) must be resident outside Cyprus. Also non-tax resident companies may talk to business persons residing in Cyprus or companies. Should they do this, the profit of 10% corporation tax resulting from these transactions is subject to. Still, an important feature is that tax-resident companies full will benefit of existing double taxation agreements, while non-tax resident companies of the existing Tax treaties may not benefit. So usually a non tax-resident company, is unnecessary for taxpayers resident in Germany because due to non applicability of the double taxation agreement between Germany and the Republic of Cyprus, as well as due to lack of the main characteristic of the establishment (place of business decisions must be Cyprus ‘ “) the entire profit of the Cypriot, not tax-resident company would need to be taxed according to German rates in Germany. Often applied the exceptions are cases in which the German taxpayer (natural or legal person) outsources its business with foreign customers in the Cypriot society. In this case, accounting directly between the Cypriot society and the client foreign (from the German perspective) is performed. Beneficial for internationally active companies EU directives (E.g. EU parent subsidiary directive) come on non-tax resident companies not in application.

Fibernet will start with a new generation of powerful server from HP the three available vServer-as well as dedicated server variants (entry, Pro and business) are managed via SSH (UNIX/Linux) or remote desktop (Windows). The control panel (DCC) developed by Fibernet leaves nothing to be desired. All servers benefits the customer by IPv4/Ipv6 Protocol, 100 MBit/s network, unlimited DNS management, email, as well as a 24/7 phone support. Setup fees are completely eliminated with a contract duration of 12 months. The vServer environment by IAE is based on Citrix XenServer and starts with the entry variant and favourable CHF 39.90 monthly, 25 GB hard drive and 512 MB RAM and RAM as a business variant is available with up to 2 GB. Monitoring, Plesk, and other options are available as an option. With the dedicated business variant webmaster get a dedicated server for Web and Server projects and move with the hardware from Hewlett-Packard ProLiant DL in the high-end area.

2 x 500 GB hard drive, 12 GB RAM, Virtualisierungsfahigkeit,. unlimited traffic, as well as monitoring included are just some of the highlights and leave nothing to be desired. The new Hewlett-Packard Server series ProLiant is designed for constant availability, lowers the power consumption without sacrificing performance continuously and thus is a pioneer in terms of energy efficiency. In combination with Genotecs long-term purchased power another sign of commitment to the environment this Internet service provider. A special action IAE provides to its customers: who (www.facebook.com/ genotec) 31.12.09 logs on to Facebook on the fanpage of Fibernet deadline, receives in return for all entry-level server as a special introductory offer the first month free. With this action we want to give the opportunity new customers, to go with our base servers and to benefit equally from the outset, explains Pascal Leu, product manager dedicated / vServer, on the occasion of the launch of the product.

Our scalability allows the customer, depending on the need for the project and our. Servers to grow. About Fibernet: Founded in 2001 the Swiss Internet service provider Genotec AG. The company employs 36 people and serves in the own data centers in Zurich, Basel, Bern and Allschwil over 50’000 domain and about 500 Server customers. IAE is an Ofcom registered provider and certified as “Microsoft Gold Certified Partner”. IAE was awarded the quality seal Swiss Quality Hosting of the simsa and checked providerliste.ch. Since 2008, IAE is newly listed in the top 500 of the strongest IT companies of Switzerland at Computerworld. Learn more about the IAE: Pascal Leu, product manager dedicated / vServer Genotec AG CH – 4123 Allschwil Tel. + 41 (0) 848 Binningerstrasse 95 321 123 E-Mail: web:

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