Tsaks Consulting Greece

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Connecting New York to Cyprus: Expert New-York based corporate tax advisory

Tsaks Consutling GR provides a leading New York – based tax, legal and consulting service specialised in Cyprus Company Formation, IP Box Optimization, and Corporate Banking.

Our team brings over 42 years’ experience helping New-York based entrepreneurs, hedge funds and tech innovators leverage on the jurisdictional advantages Cyprus brings. At Tsaks Consulting Gr, we act as your domestic New York partner working closely with our offices in Nicosia to deliver you a seamless and responsive service.

Through our presence here in New York, we provide oversight, Cyprus tax assistance, an understanding of U.S. tax and a responsive service that New York businesses expect. Our team has:

  • 32 years experience providing tax and legal advice to U.S. based businesses for Cyuprus
  • A domestic U.S. presence providing a seamless service
  • Helped establish and maintain over 65 companies in Cyprus.

Why New York businesses use a U.S.-based Cyprus tax and legal specialist?

Our specialist consultants understand Controlled Foreign Corporation (CFC) rules. We don’t just provide tax advice for Cyprus, we take into account the IRS shadow and ensure your data is ready for 5471 and FBAR filings. We believe this is critical – and sets us apart from our competitors. When providing tax, legal and international corporate structuring advice, particularly with respect to Cyprus, we take a wholistic view which includes US tax obligations and compliance.

We will work with your US accountants where required and take all obligations and requirements into account when advising your organisation. The Tsaks Consulting Gr team is based domestically, and ready to assist.

Cyprus IP Box Advice for NYC tech hubs – the 2026 Cyprus Tax Reforms

New York’s “Silicon Alley” is home to some of the world’s most valuable intellectual property. The Cyprus IP Box Regime is a key tool for many corporations for the protection of licensing software, patents, copyright and other intellectual property assets. This has been strengthened in the 2026 Cyprus Reforms with a tax rate as low as 3% and the current 80% exemption on qualifying IP profits.

Our skilled IP lawyers and accountants, can assist you with all aspects of IP strategy including:

  • IP Transfer – from New York Entities to Cyprus subsidiaries. We advise wholistically, not only on the specific tax benefits, but the overall tax and legal benefits associated with any IP transfer.
  • Our understanding of the OECD Modified Nexus Approach enables us to ensure you adopt a compliant IP structure that meets the requirements.
  • R&D incentives and grants: We help you take advantage of any R&D incentives, as well as European incentives which may apply to your IP and operations.

New York based tax expert on the Cyprus United States Double Tax Treaty

Our team can help you with the full incorporation process, as well as provide strategic advice on the US and Cyprus double tax treaty, and how it applies to your proposed structure and operations. Other additional services we provide all business, whether you are a venture-backed startup in Brooklyn, or private equity firm in Midtown, including:

  • Annual maintenance: Full-service audits, VAT/Vies filings
  • Abolition of Deemed Dividends: our team can help you leverage the 2026 reforms to reinvest capital within you Cyprus entity without triggering artificial U.S. tax events. This is absolutely critical and a key opportunity that can be leveraged on based on the 2026 reforms.
  • A local New York City contact – our service involves us consistently supporting your team on a local basis, as well as in Nicosia if you require.

Establish yourself in and leverage the opportunities of the EU with our New York based, EU accounting service.

Partner with our U.S. based accountants and lawyers here at Tsaks Consulting Gr to ensure your Cyprus corporate structure is established and designed to optimise your tax and legal position. Call us today to discuss your requirements and how we can assist.

Frequently Asked Questions

Is there a Cyprus account in New York that can assist us?

Yes. Our team at Tsaks Consulting Gr can assist you both on the ground in New York, and in Nicosia. As an experienced NYC tax advisor for Cyprus companies, we provide expert legal and tax advice to clients throughout the USA.

Our US based Cyprus company formation services are comprehensive and carried out by experienced accountants and lawyers. We are proud to be a leading Cyprus (and Greek) corporate service provider with US offices.

We need a U.S. based advisor on the Cyprus IP Box program for US Software companies. Do you advise on the 2.5% tax in Cyprus for tech start-ups and can you help us transfer or move our IP from Delaware to Cyprus?

Yes. We specialise in this area and can certainly assist. Our IP lawyers work closely with our tax advisors to help you take full advantage of the Cyprus IP Box program, are across it’s recent changes from 2.5% to 3%, and will assist you with the transfer process.

We will work with you to find the best solution for your tech start-up or software company and optimise your corporate structure.

What is the best bank in Cyprus to use if you are in New York or the US?

This depends on what you need to do. We work with all the largest banks in Cyprus and will help you open accounts as required. One of the key points is to ensure the bank you use is FATCA compliant as this has long-term implications for the IRS.

   Is the Cyprus corporate tax rate 15% in 2026? How does this affect a U.S business?

Yes. The with 2026 tax reform, the Cyprus corporate tax rate is 15%. There is also the abolition of deemed dividends in Cyprus for US shareholders which is beneficial. The affect it has depends on your business structure. Speak with our team of experts to understand the impact in greater detail and how you can leverage any opportunities.