These anonymised studies are based on matters undertaken by ASC Law Firm. Identifying and commercially sensitive details have been removed to protect client confidentiality.
An international technology group required a detailed review of its existing structure before making use of the Cyprus IP Box regime. The ownership chain for the group's intellectual property had to be clearly established, while its research and development activity, supporting records and internal arrangements required further organisation so that the legal ownership, development functions and tax treatment formed a coherent whole.
ASC advised on the group structure and mapped the chain through which the intellectual property was owned and commercially exploited. We worked with the client to regularise the R&D framework and supporting documentation, clarify the relationship between the relevant group entities, and align the structure with the requirements of the Cyprus IP Box regime. To provide greater certainty on the proposed treatment, ASC also prepared and pursued an application for a Cyprus tax ruling.
A tax ruling was obtained and the group established a clearer, properly documented framework for the ownership, development and exploitation of its intellectual property. The completed work enabled the qualifying business to benefit from the Cyprus IP Box regime on a supportable basis, while also giving the wider group a structure that could be administered consistently as its R&D activity developed.
An international family wished to relocate its affairs to Cyprus and create a long-term framework for its personal, business and family wealth interests. The mandate extended beyond tax residency or the formation of a single company: the family needed its relocation, corporate interests, property acquisition, wealth holding and future succession arrangements to be considered as parts of one coordinated plan.
ASC advised on the family's relocation to Cyprus and established the Cyprus corporate structures required for its business and investment interests. We also assisted with the acquisition of immovable property and created a trust structure for the holding, management and succession of family wealth. Acting as the coordinating legal adviser, ASC brought together the immigration, corporate, property, trust and succession elements so that the family did not have to manage several disconnected advisers and structures.
The family consolidated its personal, corporate and wealth-planning arrangements within a coordinated Cyprus-based structure. The resulting framework supports ongoing asset management, administration and succession planning, while providing the family with a single strategic point of legal coordination as its circumstances and objectives evolve.
A fintech business sought to establish an Electronic Money Institution and required legal support from the earliest structuring decisions through to regulatory authorisation and the commencement of regulated operations. The project required the proposed business model, ownership, governance, management presence and operating substance to be developed in a way that could withstand regulatory scrutiny.
ASC advised on the applicable regulatory framework, the corporate structure, governance arrangements and substance requirements. We coordinated the preparation of the licensing documentation and supported the client throughout the authorisation process, helping to maintain consistency between the legal structure, regulatory submissions and the institution's intended operating model.
The institution successfully completed the authorisation process and established its regulated operations. This mandate forms part of ASC's broader work for the payments sector, which also includes advising regulated payment and electronic money institutions on passporting services into Cyprus and on relocating or establishing operational functions in Cyprus.
A venture capital manager sought to launch an investment vehicle focused on artificial intelligence while accommodating a defined level of digital asset exposure. The proposed strategy required a regulated structure and an investment policy capable of giving the manager and its investors clear parameters for a developing asset class.
ASC advised on the establishment of a Cyprus fund vehicle under the UCITS framework and developed a bespoke investment policy addressing the fund's artificial intelligence focus and proposed digital asset exposure. The legal and regulatory work was structured around the manager's investment objectives while providing an intelligible framework for governance and investor consideration.
The AI-focused fund vehicle was established in Cyprus with a tailored investment policy and a regulated framework for the manager and its investors.
A British technology entrepreneur, preparing for the partial sale of a business interest that would generate a significant capital gain, sought to structure his personal tax position ahead of the transaction. He had no existing connection to Cyprus and was subject to UK income tax on worldwide income.
ASC designed a comprehensive relocation plan, beginning with an analysis of UK exit taxation implications, the identification of the optimal timing for UK departure, and the establishment of Cyprus tax residency under both the 183-day and 60-day rules. ASC co-ordinated with UK advisers to manage the UK departure and prepared the Cyprus Non-Dom and tax residency applications.
The entrepreneur established Cyprus tax residency and Non-Dom status in the tax year preceding the sale, achieving exempt status on the capital gain under Cyprus law and benefiting from zero SDC on subsequent dividend distributions from the sale proceeds. The relocation was effected in a manner that was fully compliant with both UK and Cyprus tax obligations.
These case studies illustrate our capabilities. Every client engagement begins with a fresh analysis of their specific objectives and constraints.
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