Eli Doron, adv. – Yaron Tikitzky, adv. (c.p.a)

The relevant law dealing with Cyprus’s corporate law is the Cyprus Companies Law, cap. 113. This code is actually an almost identical adoption of the English Companies Act of 1948. As a matter of fact, the English Act has been identically adopted at first, and only later has been modified to a certain extent. The main modifications are attempting to homogenize the Cyprus law and the European Union law. Therefore, the Cyprus corporate code has both European-Continental and English-Common Law characteristics.

After the 2001 major modification, foreign control companies, i.e. companies that are on full control of foreign bodies, are regulated as offshore companies. As wise, beginning from 2003, offshore companies must pay tax as any company, and does not benefit from unique privileges. And yet, this rule of thumb isn’t complete and has exceptions when the company is trading merely out of Cyprus’s borders.

The Cyprus corporate taxation system is complex and intricate, and cannot be simply laid forth here. However, in abstract it can be pointed out the companies’ revenue owe a 10% tax, whether local or offshore companies. This tax is the lowest tax rate amongst all nations in the European Union. In addition, the Cyprus codes determine a 2% employers’ income tax.

Moreover, one of the main reasons that foundations of Cyprus’ companies is so attractive to foreign investors is that the Cyprus tax law exempts Cyprus’ companies investments in foreign companies, under considerably convenient term. Therefore, as long as the foreign company’s activities are permanent and don’t exceed 50% of the Cyprus company’s revenue, and as long as the tax on that activity in the foreign country aren’t substantially smaller than the corporate tax in Cyprus, then the activity is exempt from local tax in Cyprus. However, it should be noted and clarified, that although these conditions seem very appealing to the foreign investor, they are not as simple as noted above, and are more complex and intricate than can be explained here. The Cyprus law system is characterized by having a European Union law contributory to its local codes on the one hand, and a unique local code on the other, and therefore is an intertwined system that requires high professionalism.

In addition to the noted above, the Cyprus tax law exempts corporate dividend distribution to foreign citizens. But, even this privilege is subordinate restrictions, in accordance to harmonization of the Cyprus code and the European Union laws.

Consequently, it is very plausible to take advantage of the Cyprus tax law and corporate law in order to maximize efficiency and revenue management. However, it should be clarified that the goal of the local Cyprus’ codes are not to enable use of foreign companies for foreign investment, but rather to promote the local economy. For this reason, it should be well insured that the Cyprus’ company shall be managed from inside Cyprus, and that the heart of investment shall not be foreign either.

Casino is a game that could make money in real form. Playing casino is very profitable, from every point that you collect from each play will generate profits for your own. Premises play online casino games in every week you can get the desired gift. If you bet $ 10 in one game then you win, you will get 100 points which will change with the dollar. Therefore collect as many points from the results of your game. Play casino offers all the best facilities so that you can play only for fun but you also get money from this game.

Islam is not a religion, Islam is a cult. For anyone to think otherwise, they are not familiar with Islam or cults. There is a big difference between religions and cults. The basic difference is freedom. You are free to practice a religion if you choose. Free to go to church. Free not to go. This is not the case with Islam. This is because those who do not practice Islam in Islamic countries are put to death. There is a great deal of pressure to practice Islam in western countries as well.

A cult isolates you from others. One of the first things a cult leader does is to get the cult members away from those who do not share beliefs of the cult. Cult members are often driven away from family members. The purpose is to make the cult member more dependent on the cult. This is how Islam works.  Islam is not a religion, Islam is a cult. Islam teaches that those who do not follow Islam are enemies. Muslims are discouraged from socializing with those of other faiths. The Koran states that those who do not follow Islam are enemies and should be driven off. Violence is even advocated for non believers. This is another example of why Islam is not a religion. Islam is a cult.

Another aspect about cults is that they get followers to do things that disturb others to force their cult on others. Most cult members are brainwashed so that they are totally under control by the cult. This is the reason why so many Muslims are willing to strap on a suicide vest and blow themselves up to take out as many non believers as possible. Regular religions do not advocate this type of violence or behavior. While a religion may ask that you give yourself to God, they do not ask that you do so wearing a suicide vest while killing innocent people. Or learn to fly a plane into buildings so that you can take out as many innocent lives as possible. No religion in the world advocates violence in the way that Islam does.

Those who defend Islam and make comparisons to Christianity, namely the Crusades, do not realize that during the Crusades, that happened many centuries ago, it was convert or die. Again, this did not happen a few years ago, but in a time when people also killed the infirm and used leeches as a form of medicine. And people were given a choice to convert. This is not the case with Islam. You do not have a choice. Suicide bombers and terrorists kill all targets without issuing a choice of conversion. Even their own.  Islam requires total and unquestioning devotion to the cult, to the point where women and children are encouraged to die as martyrs and kill innocents. Islam is a cult.

It is hard to realize that Islam is not a religion because for years, we were told it was. An offshoot of Judaism and Christianity with all three religions being closely related. But as Islam has grown, its true colors have come out.  Islam is not a religion, Islam is a cult.