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Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.
FINANCIAL MONITORING IN CYPRUS

Cyprus is more effective in combating financial crime due to its PID rules.
- Prevention of money laundering
- Prevention of terrorist financing
- Prevention of corruption
- Prevention of bribery
- Prevention of tax evasion
That is why it is very important not just to transfer cash to Cyprus, but to prepare in advance documents proving the origin of funds, a customs declaration of crossing the border in cash, and so on.
Lawyer (lawyer) for banks in Cyprus – this is one of our main profiles. Our lawyer in the field of banking will advise you on the following issues
- How much money can be put in a bank in Cyprus?
- What work when the bank requested documents on the origin of cats?
- What documents confirm the origin of funds?
- Where to get documents confirming the origin of funds?
- What to do if there are not enough documents about the origin of funds?
- How to withdraw (return) blocked funds in a Polish bank?
- How to close a bank account?
- How to legally circumvent financial monitoring in Cyprus?
- What to do if there is no origin of funds?
- How to pass Finmon in a bank of Cuprus?
That is why we recommend our clients to be careful and seek advice on financial monitoring in Cyprus from our company’s lawyers.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Cyprus?
3 question
Do you have funds in cash in Ukraine?
4 question
Do you have the funds in cash in Cyprus?
5 question
Do you have funds in bank accounts in Ukraine?
6 question
Do you have funds in bank accounts in Cyprus?
7 question
Do you have documents proving the origin of the funds?
8 question
The amount of investment is more than 500 thousand euros?
9 question
Do you need a consultation urgently?
The corporate tax rate in Cyprus was raised to 15%. Doesn't this create problems for Ukrainian business?
On the contrary, it is a strategic advantage. The Tax Code of Ukraine provides for exemption from CFC taxation if the effective rate in the foreign jurisdiction is at least 13%. The 15% rate in Cyprus automatically allows legally exempting the profit of a Cyprus company from additional taxation in Ukraine.
How does the updated IP Box regime for IT companies work?
The Cyprus IP Box applies the Modified Nexus Approach, where the benefit depends on actual development costs. If a company develops software locally, 80% of qualifying profit is exempt from taxes. The 15% corporate tax applies only to the remaining 20% of profit, giving an effective tax rate of 3%.
Is it necessary to pay tax on undistributed profit and the annual company levy?
No. The Deemed Dividend Distribution (DDD) rule was completely abolished for profits generated from January 1, 2026. The annual fixed Annual Levy of €350 was also abolished starting in 2024.
Can I get Cyprus tax residency as a business founder?
Yes, the “60-day rule” applies to business founders. It allows you to obtain tax resident status by staying in Cyprus for only 60 days a year if you own or rent housing, have business ties to the country, and are not a tax resident of another state.
What is Notional Interest Deduction (NID) and who is it suitable for?
NID is a powerful incentive for capital-intensive businesses (e.g., industrial or investment holdings). It allows deducting notional interest on the amount of new equity capital introduced from the taxable base. The deduction amount equals the yield of 10-year government bonds of the country of investment plus 5%. This tool can reduce taxable profit by up to 80%.
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