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Cyprus Receives EU Approval For Angel Investor Tax Breaks

Jason Gorringe, Tax-News.com, London

16 February, 2022

The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs.

Investors providing finance to eligible companies may receive a tax relief of up to 30 percent of the amount invested, with an overall cap to such tax relief that cannot exceed 50 percent of their total taxable income, up to a maximum of EUR150,000 per year and of EUR750,000 within five years from the investment.

The scheme will run until December 31, 2023.

TAGS: Finance | tax | investment | European Commission | international financial centres (IFC) | offshore | venture capital | Cyprus | trade | European Union (EU) | Europe | Invest |

 

 

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