In order to obtain the certificate, it was only necessary for the director to send a letter and a statement stating that the management and control of the company was carried out in Cyprus. In addition, if the director was a citizen and tax resident of Cyprus and the company paid the appropriate taxes, it could be almost 100% guaranteed that the tax residence certificate would be issued without any problems. As of today, the requirements for obtaining a Cyprus tax residence certificate have increased significantly.
Olga Osypchuk,
Attorney, Head of International Trade
Department
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