The Sovereign Group is an offshore service provider and international tax planning organization, set up specifically to deal with complex issues, giving its clients sensible and practical information on mitigating their taxes in a compliant manner.
We have offices located in every major international finance centre and have appropriate licenses wherever it is possible to be regulated, including Guernsey, Gibraltar and Isle of Man. Our Cyprus office offers local and international company formation, management/nominee services, international tax planning, bank introductions and an efficient back-office service; with its multi-lingual staff, it is an ideal location from which to offer our global products to the Russia and CIS.
The Cyprus VAT Service has launched new guidelines on VAT payments applicable under the Yacht Leasing Scheme. As a result, effective VAT rates can be reduced to as little as 3.4% of the initial value of a yacht - less than the equivalent in other favoured jurisdictions, including Malta.Read full article