Recent figures demonstrate that the number of private jets flying to Cyprus are increasing year by year. Year 2018 was a record year. More and more businessmen are using private jets, while the infrastructure in Cyprus is currently under some serious development planning. But how is best to structure your private jet set up when using Cyprus? How, can you minimize your tax exposure in VAT and/or other direct and indirect taxes?
Our firm has been participating in all relevant committees formulating the private jet tax treatments. We have carried out business plans and made extended research in the UK, Isle of Man, Malta and Cyprus, concerning the future of private jet industry in Europe. We have been acting, for the last years, as consultants and auditors of a prestigious private jet hangar in Cyprus, and we have served businessmen from abroad who wished to structure their private jet set up in Cyprus.