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Old 07-04-2006, 01:19 PM  
Theo
HAL 9000
 
Industry Role:
Join Date: May 2001
Posts: 34,515
we dont operate from cyprus, but there are a lot of adult co. they do. When you retire to this island you basically not allowed to perform any business activities locally. This doesnt affect your status outside it. You can declare the dividends of any co. you have outside cyprus and pay almost 0 taxes. Now, the requirements for such retirement are not so hard ones to reach, but not anyone can do it. It's like a filtering process based on financial status and your ability to actually buy or rent a house in island, spend some money etc. It's very friendly to british citizens, they are the ones with most priviledges here. To be honest I don't know all the info regarding malta, but i was there last week and its much smaller place that pretty much limit your activities, entertainment, international flights etc
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