If they properly structure a Cyprus Entity to receive their contracts, they can reduce the tax they would otherwise owe. The Cyprus Entity earns income, and the entertainer, author or athlete is compensated for services rendered to that company.
For more detailed information about the Uses of Cypriot Companies by Individuals, please either scroll up or down this page (quicker) or click below to go to the relevant section:
Entrepreneurs & Professionals | Executives | Entertainers, Authors & Athletes | Intellectual Property Owners | International Investors | Wealth Inheritors - Individuals | Pension Receipt
For more detailed information about the Uses of Cypriot Companies, please either use the main menu on the left or click below to go to the relevant section (quicker):
Uses by Corporations | Uses by Individuals | Non - Tax Uses