The signature of the amending Protocol to the Cyprus-Poland DTT witnessed the removal of the tax sparing provisions and the amendment of the Director’s fees article. The upcoming entry into force of the amended provisions, led to the need for alternative methods for profit repatriation.
We will be very pleased to give you more detailed information on the repatriation of profits from Cyprus Companies to Polish Investors and to give you tax planning ideas on those alternative methods which we have developed as a result of the changes introduced by the new Protocol which has come into force as from 1st January 2013.
We are also able upon your request to give a presentation at your premises before your Corporate Department or a small group of Investors who may have interest in the repatriation of their profits from Cyprus Companies to Poland on alternative structures which may be followed in the repatriation of profits from Cyprus to Poland at reduced or Nil taxes in Poland.
Observers generally believe that despite the changes introduced by the new protocol, Cyprus will remain a popular offshore jurisdiction for Polish residents because of its taxation system, which includes no capital gains tax, tax-free exit to all jurisdictions, full application of the EU parent-subsidiary directive and all other EU directives, and relatively low costs of incorporation and maintenance.