Cyprus Non Dom Dividends from companies - Who should be manager?

[sergeylim88]

@Sols can you confirm this?

 

[Sols]

Needs to be assessed in detail by an adviser in Gibraltar. Corporate income is taxable in Gibraltar if it's accrued and derived from Gibraltar. So it depends on what exactly your company does and how things are set up. If you plan to move to Gibraltar and want to make use of the territorial tax system, work with a good tax adviser/lawyer to find a solution to ensure your income is not considered accrued or derived in Gibraltar.

 

[bigbite100]

"There is no charge to tax on the receipt by a Gibraltar company of dividends from any other company."

https://taxsummaries.pwc.com/gibraltar/corporate/income-determination

Okay so in that case it means if a gibraltar company sends an invoice to a US LLC it is taxable, because we are talking dividends here, right?

 

[Marzio]

if a gibraltar company sends an invoice to a US LLC it is taxable

Yes

because we are talking dividends here

No, if you invoice a company what you generate is income, not dividends.

 

[bigbite100]

Yes



No, if you invoice a company what you generate is income, not dividends.

sorry, misunderstanding. you talked about dividends before. that is what i meant.

i mean because you were talking about dividends, just sending an invoice from a gibraltar company to a Non Gibraltar company would still be taxed with 12,5%. so in that case, Gibraltar doesn´t have any advantages to just staying with a CY company.
and @Sols what do you think?