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  • Our Work
  • Our Way
  • Our Approach
  • Our Integrity
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  • Cyprus
  • Post EU Accession
  • Russia
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  • Incorporation of Companies
  • General Office Administration
  • Tax Services
  • Management and Administration
  • Legal Services
  • Office set-up and relocation
  • Banking Services
  • Accounting and Administration
  • Corporate Governance
  • Real Estate
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  • Client Profile
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  • Client Approach
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  • Choosing a Jurisdiction
  • Our Jurisdictions
  • Incorporating in Cyprus
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Russia

An ever-increasing number of western companies are expanding their activities across their borders. Their success depends on obtaining timely and relevant information regarding the market in which they wish to expand. On the other hand, organizations operating in countries which are relatively less stable and with limited resource capital markets such as east Europe, experience difficulties in realising their growth potential. They are not in a position to expand their activities or create optimal structures as they lack access to cross-border markets and international finance.

At Kossifos Management Services we assist businesses moving in both directions. We consult companies to reorganize their business, create tax efficient structures, secure finance, business plans and bring to them our knowledge of different business environments.

During the past fifteen years, Cyprus has established itself as a major financial centre for inward investments in Russia, central and east Europe. This is due to an excellent infrastructure, geographic location, strong cultural links and a comprehensive treaty network with all the major countries in the region.

Few treaties in the world have lower withholding tax rates for dividends and interest than the Cyprus treaties. In the case of Russia, none of its other treaties provide for lower rates when one takes into account the Cyprus corporate tax rate. Royalties, interest and payments to Cyprus entities from Russia would ensure minimum overall taxes – both withholding and at Cyprus level. Further, the profits can either be accumulated in Cyprus or be re-invested within the group or be paid as dividends without any additional tax.

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