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With recent changes to the UK’s non-domiciled (non-dom) tax policies, British entrepreneurs and investors are exploring alternatives to mitigate increasing tax burdens.

Cyprus, with its favourable tax regime and expert Cyprus accountants, emerges as an excellent choice for relocating businesses or establishing a tax-efficient base.

Why Choose Accountants in Cyprus for Your Financial Strategy?

Cyprus is more than just a scenic Mediterranean island; it’s a thriving hub for international business. Many expatriates and companies are discovering the advantages of working with accountants in Cyprus, who offer specialised expertise in navigating tax laws and ensuring compliance. Here’s why Cyprus stands out:

Tax Benefits Designed for Non-Domiciled Residents – Cyprus offers one of Europe’s most competitive tax regimes. Non-domiciled residents enjoy exemptions from taxes on worldwide dividends, interest, and rental income. Additionally, there’s no inheritance tax, and corporate profits are taxed at just 12.5%. By partnering with skilled Cyprus accountants, you can seamlessly benefit from these provisions while staying compliant.
Simple Tax Residency Rules – The “60-day rule” allows individuals to establish tax residency in Cyprus with minimal requirements, such as spending 60 days on the island and having business or employment ties. Working with accountants in Cyprus ensures that all residency requirements are met without hassle, enabling you to take full advantage of the island’s tax-friendly policies.
Expert Financial Support – The expertise of Cyprus accountants goes beyond tax compliance. These professionals can guide you on matters such as double-tax treaties, corporate structuring, and optimising international income streams. Their insights make the transition to doing business in Cyprus smooth and efficient.
Ease of Establishing a Business – Setting up a company in Cyprus is a straightforward process, supported by a modern legal and regulatory framework. The country encourages foreign investment by offering low corporate taxes, exemptions on dividends, and no withholding taxes on royalties. By engaging with knowledgeable Cyprus accountants, businesses can fully capitalise on these advantages.

Beyond Taxes: The Lifestyle and Business Appeal of Cyprus

While the tax benefits are a major draw, Cyprus also offers a high quality of life. The island combines excellent infrastructure, a warm climate, and a family-friendly environment. English is widely spoken, making day-to-day life and business interactions easy for British expatriates. From pristine beaches to a vibrant cultural scene, Cyprus ensures a work-life balance that is hard to find elsewhere.

Additionally, Cyprus serves as a strategic gateway between Europe, Asia, and the Middle East. Its location makes it ideal for businesses with international ambitions, providing access to diverse markets. Robust telecommunications and a highly educated workforce further enhance its attractiveness for companies of all sizes.

Whether you’re an individual looking to optimise your tax strategy or a business seeking international expansion, Cyprus offers a compelling proposition. By working with experienced Cyprus accountants, you can navigate the complexities of relocation and taxation with ease, taking advantage of one of the most competitive tax regimes in Europe.

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Is It Time for You to Do Business in Cyprus? Cyprus Accountants Take a Look at Tax Benefits

Hiring outside London has dropped significantly after Chancellor Rachel Reeves unveiled her first Budget, leaving regional businesses scrambling to contain costs.

The recruitment firm Robert Walters reported a 45pc fall in fee income from operations outside the capital during the final quarter of 2024, while London-based income rose by 3pc.

The company attributed the decline to a hiring slowdown triggered by Ms Reeves’s tax measures, including a £25bn increase in employers’ National Insurance contributions. Toby Fowlston, chief executive of Robert Walters, said the surcharge “has been a dent to employers, and obviously that cost is needing to be absorbed.”

A trading update revealed that the 30 October Budget rattled business confidence and dampened employers’ hiring plans in the closing months of 2024. The Institute of Directors reported that business confidence fell to its lowest level since the first Covid lockdown in December 2024.

Mr Fowlston noted that worker confidence has also taken a hit, as many employees who secured “premium salaries” in the post-pandemic hiring boom are hesitant to switch roles in an uncertain market. “If you put yourselves in the shoes of an employee, they’re thinking: I’m on a good salary, the market is volatile, why would I move?” he explained.

He added that Labour’s plans to overhaul UK employment law could amplify the pressure on Britain’s jobs market. “Further increases in costs” for employers would be “critical” for Labour to address in collaboration with businesses, he warned, cautioning that reforms—especially around zero-hours contracts—could have unintended negative consequences.

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Regional hiring slumps as Labour’s NI rise dents employers’ confidence

Retailers in London’s West End have warned that new business rates reforms could spell store closures and job losses, with the flagship shopping district facing a collective rise of £44.5 million in property bills next year.

The New West End Company, which represents 600 retail, hospitality and leisure businesses in the area, highlighted a potential 20 per cent hike in rates bills following changes announced in the autumn budget.

Dee Corsi, chief executive of the New West End Company, described the rise as “another cost for businesses” on top of rising employers’ national insurance contributions and the minimum wage. “Already faced with a rapidly rising tax bill, it is hard to see how increasing the business rates burden won’t tip the scales towards job losses and store closures,” she warned.

Chancellor Rachel Reeves used her recent budget to unveil a two-tiered business rate for retail, hospitality and leisure properties with rateable values under £500,000 from 2026-27. While the Treasury’s discussion paper notes these measures will capture larger distribution sites used by “online giants”, more than two thirds of New West End members say they will pay “millions more” each year. Prominent retailers in the district, including Marks & Spencer and H&M, are already grappling with squeezed margins and footfall challenges.

The government relies on business rates—forecast to raise £26 billion in England this year—as a stable source of revenue for local authorities, but bricks-and-mortar shops argue that the system places too heavy a burden on property-intensive sectors. The British Retail Consortium has also voiced concerns, stressing that retail and hospitality currently shoulder over a third of total business rate costs despite making up only 9 per cent of the overall economy.

Labour’s manifesto pledges to replace the current structure with a fairer system that “levels the playing field” between physical shops and online behemoths, aiming to combat empty retail units across high streets. While businesses welcome an overhaul, many remain anxious about short-term costs and the impact on already-fragile margins. The government declined to comment on the warnings from West End retailers.

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West End retailers warn of shop closures as business rates surge

Amazon has placed orders for more than 150 electric heavy goods vehicles (HGVs) in a bid to create Britain’s largest zero-emission truck fleet. The online retail and logistics giant is also stepping up its commitment to rail transport, moving packages along the west coast main line for onward distribution.

Amazon confirmed it has ordered over 140 new Mercedes-Benz eActros 600 trucks and eight Volvo FM Electric units, supplementing nine electric tractor units already in its fleet. By the end of this year, it expects to have 160 large zero-emission HGVs in operation.

While the company declined to specify exact costs, with each e-HGV priced at up to £200,000, the outlay could total around £30 million. The trucks boast a range of 310 miles per charge and take about an hour to recharge at high-speed stations.

The orders form part of a wider plan to add 1,500 electric trucks to Amazon’s European fleet by 2027, backed by a £300 million investment. Though Amazon has yet to disclose how many diesel HGVs it still operates, the firm remains committed to achieving net zero emissions by 2040.

It is estimated there are currently only 300 electric HGVs on UK roads. Amazon’s new orders are therefore set to make a sizeable impact, firmly accelerating Britain’s transition to electric transport solutions.

In parallel, the company will expand its use of rail freight, transporting shipping containers on the west coast main line between Scotland, the West Midlands and London. These deliveries will link to local sorting centres for further handling and last-mile service.

Amazon has also revealed plans for on-foot deliveries in central London, using restockable trolleys and working alongside partners who operate electric vans and e-cargo bikes.

“This is a win for our customers, the environment and our business,” said Nicola Fyfe, head of Amazon logistics in Europe. “By deploying the country’s biggest order of eHGVs, making use of the UK’s electric rail network, and launching on-foot deliveries, we are cutting emissions and boosting delivery efficiency.”

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Amazon invests in the UK’s largest e-HGV fleet, expands rail deliveries

Senior bankers at Lloyds Banking Group risk having their bonuses reduced if they fail to meet new in-office requirements, which mandate being on site at least two days per week.

The move, revealed ahead of the 2024 financial year bonus distribution next month, comes as major employers roll back remote working arrangements in a bid to encourage more face-to-face collaboration.

Lloyds – owner of Halifax, Lloyds and Bank of Scotland – confirmed it is reassessing office attendance as part of its performance-based bonus measures for top staff, including those in hybrid roles who were ordered last year to be in the office for 40% of their working time. That equates to at least two days a week for most full-time employees.

Ged Nichols, general secretary of the Accord union representing Lloyds staff, emphasised the need to apply the bonus-related office policy with sensitivity. “The inclusion of a metric on complying with the requirement for some staff to attend offices for 40% of their working time should not create problems if it is applied fairly, and is sensitive to individuals’ circumstances with mature and reasonable judgments applied.”

A wide range of businesses, particularly those headquartered in the US such as JP Morgan and Amazon, have recently implemented stricter back-to-office mandates. Supermarket chain Asda has introduced a compulsory three-day office week for thousands of workers in Leeds and Leicester, while Santander is finalising attendance requirements for its 10,000 UK employees.

Some staff are pushing back. Several Starling Bank employees resigned after being told to come into the office more frequently, and nearly 6,000 people have signed a Change.org petition calling on advertising giant WPP to revoke its four-day office rule. WPP says it believes its policy is “right for the long-term interests of the company”, acknowledging it may not prove universally popular.

A Lloyds spokesperson noted the bank is “proud to offer an industry-leading approach to flexible working”, but stressed the importance of ensuring it could still meet its strategic objectives and customer commitments. Lloyds has also announced a new bonus scheme that includes 33,000 of its lowest-paid employees, potentially delivering bigger payouts for top performers among them.

Up to 1,000 of the lowest-paid staff – including junior workers across 932 branches – could receive extra bonuses on top of a standard group-wide allocation, if managers deem they have “exceeded expectations” or made a “transformative impact” on the business.

Nichols welcomed the extension of performance-based incentives for lower-paid workers but insisted any higher awards “are not made possible by reducing the value of the standard awards for everybody else”.

The 2024 financial year bonuses will be handed out shortly after chief executive Charlie Nunn unveils annual results on 20 February. It is widely expected that this new office attendance metric will have a tangible effect on some employees’ payouts, underscoring the ongoing tension between flexible working and business-led demands for more in-person collaboration.

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Lloyds bankers risk bonus cuts over two-day office rule

Prime Minister Sir Keir Starmer has publicly reaffirmed his commitment to keeping Chancellor Rachel Reeves in her post until the end of the current parliament, despite new polling showing Nigel Farage’s Reform UK almost neck and neck with Labour and pushing the Conservatives into third place.

Reeves, who cut short a trip to China to face growing internal criticism, was accused of failing to contain a surge in government borrowing costs and a sharp fall in the pound. Labour MPs privately fear that her October budget—featuring steep tax rises and increased public spending—will hamper economic growth and could jeopardise the Government’s fiscal targets.

Starmer initially offered only guarded assurances of his “full confidence” in Reeves. However, amid speculation over her future, Downing Street confirmed that she would remain chancellor until 2029. “He will be working with her in the role of chancellor for the whole of this parliament,” said a No 10 spokesman.

The pledge of loyalty came as a YouGov poll showed Labour’s vote share sliding to 26 per cent, a significant drop from the 34 per cent the party secured in July. Reform UK, buoyed by new support, has surged to 25 per cent — just one point behind Labour — while the Tories languish in third place at 22 per cent. The Liberal Democrats and Greens poll at 14 per cent and 8 per cent respectively.

Anthony Wells, head of European Political and Social Research at YouGov, described the “speed and scale of Labour’s collapse since July” as striking, with voters defecting to the Lib Dems, Greens, Reform and the undecided camp. He warned that the election may not have been the nadir for either Labour or the Tories, as the poll suggests a tightening three-way race in the months ahead.

Mounting debt interest levels have eroded the chancellor’s £10 billion fiscal buffer aimed at balancing the books. If the cost of borrowing remains high, Reeves may be forced to announce further spending cuts in March—an approach Prime Minister Starmer characterises as “ruthless,” akin to the coalition government’s austerity programme from 2010. Criticism from the party’s left flank has intensified, with figures such as Diane Abbott warning of an “austerity mark two.”

Reeves is also coming under pressure from employers who fear Labour’s forthcoming workers’ rights package could stifle hiring and trigger early redundancies. The Confederation of British Industry (CBI) urged the government to delay the proposed reforms, which would extend unfair dismissal rights from day one and raise sick pay. Rupert Soames, CBI president, called it an “ugly rush,” warning that businesses might act pre-emptively to shed staff before any new legislation takes effect.

Despite these challenges, Starmer insists the government will press on with its economic agenda to deliver stability. Whether that resolute stance can shore up Labour’s slide in the polls remains uncertain, as Reform continues its strong showing and business leaders demand clarity on both fiscal and regulatory policy.

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PM pledges loyalty to Reeves as Labour vote share plummets and Reform gains ground

Spain’s prime minister, Pedro Sánchez, has unveiled a controversial proposal that would saddle non-EU property buyers who lack legal residence with taxes equalling the full purchase price of their new home.

The move represents a fresh effort by Spain’s Socialist government to discourage speculation and relieve pressure on a housing market beset by soaring prices — but it stands to hit British buyers particularly hard.

Under the draft measure, any non-resident from outside the EU purchasing property worth over €1 will be subject to a tax rate of 100 per cent on the home’s value. This startling levy, included in a broader package of housing reforms, comes as official statistics show more than 12,000 Spanish properties were bought by British buyers in 2023 alone. Although that figure is down on the previous year, it underlines the significance of Spain’s second-home market to Britons seeking a foothold in the sunny Iberian Peninsula.

Mr Sánchez’s announcement, made in Madrid on Monday, outlined additional plans to raise taxes on holiday rentals — ensuring they are taxed “like a business” — amid concerns over growing gentrification in popular tourist hotspots and complaints that locals are being priced out of the housing market. Meanwhile, his socialist administration aims to channel hundreds of acres of state-owned land into social housing via a newly created public housing agency.

Passing these changes will be far from straightforward. Mr Sánchez’s minority government faces stiff opposition both from conservative politicians, who view the proposals as overly interventionist, and from the far left, who argue that the reforms do not go far enough in helping tenants. The Bank of Spain, however, recently warned that stretched household rents could have “adverse economic and social effects”, lending urgent impetus to the debate.

British homebuyers, landlords and holiday-rental operators alike are now watching closely to see how parliamentary negotiations unfold. If approved, the unprecedented 100 per cent tax rate for non-EU non-residents could profoundly reshape Spain’s property market, sending ripples through the country’s tourist economy and beyond.

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Brits buying second homes in Spain set to be hit with 100% property tax

Charlie Mullins, the outspoken multi-millionaire entrepreneur and founder of Pimlico Plumbers, has declared his support for Reform UK following his move abroad to avoid paying further taxes under the new Labour government.

Mullins, who recently sold his iconic London-based plumbing firm and left Britain, told the Andrew Eborn YouTube show he has no intention of financing what he describes as “excessive” new levies under Labour’s leadership.

Mullins, well-known for his straight-talking style, confirmed that Reform UK leader Nigel Farage has personally asked him to consider standing for office—either as a local councillor or as a Member of Parliament—in forthcoming elections. “I’ve always believed in cutting red tape and backing business-friendly policies”. Former Business Matters columnist Mullins said: “Reform UK speaks for many entrepreneurs who are tired of being taxed heavily.”

Farage, is reportedly keen to capitalise on Mullins’ high public profile and vocal dissatisfaction with Labour’s fiscal stance. Mullins confirmed that if he can ‘he will run and give it his best shot’. Political commentators suggest his entry into frontline politics could add significant weight to the Reform UK movement, which aims to attract business owners who oppose higher taxes.

Mullins’ decision to back the party is a further sign of growing dissent among prominent business figures who question the economic impact of Labour’s policies. While Mullins has no immediate plans to return to the UK, he remains an influential voice in the ongoing debate about taxation, business growth, and Britain’s political future.

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Charlie Mullins to answer Farage’s call: Pimlico Plumbers founder poised for Reform UK MP bid

Tony Buzbee is an influential figure in both the legal world and his community, celebrated for his unwavering dedication to justice and philanthropy. Born on a farm in Atlanta, Texas, Buzbee’s early life was steeped in values of hard work and perseverance.

He attended Texas A&M University, where he earned a Bachelor of Science in Psychology and distinguished himself as Battalion Commander of the NROTC Midshipman Battalion. He later earned his Juris Doctor from the University of Houston Law Center, embarking on a legal career that would make him one of the most respected trial lawyers in the nation.

In 2000, Buzbee founded The Buzbee Law Firm, a practice committed to advocating for the underrepresented, including individuals, small businesses, and victims of corporate negligence. Known for taking on high-stakes cases and achieving groundbreaking results, the firm has a reputation for holding powerful entities accountable. Beyond the courtroom, Buzbee is deeply invested in his community, contributing millions of dollars and countless hours to charitable causes such as homelessness, children’s welfare, and animal protection. A father of four, Buzbee balances his professional success with a steadfast commitment to family and philanthropy.

What inspired you to establish The Buzbee Law Firm, and what sets it apart from others in the legal field?

I founded The Buzbee Law Firm because I saw a gap in the legal system—a gap where hardworking people, small businesses, and underrepresented groups were often overlooked or dismissed. I grew up in a small farming community, where fairness was a value you lived by, and I brought that mindset into the courtroom. Our firm exists for one reason: to achieve stellar results for our clients.

What sets us apart is our approach. We don’t take cases lightly, and we don’t settle for quick wins. Every case we accept becomes a mission. We invest substantial resources, conduct thorough investigations, and prepare as if every case will go to trial. Many firms talk about being trial-ready; we embody it. Our motto, “Just Win,” is more than a slogan—it’s a promise to our clients that we will fight relentlessly for their rights.

Your firm is known for handling high-profile, high-stakes cases. How do you prepare for such challenges?

Preparation is the cornerstone of everything we do. When we take on a high-stakes case, we start by building an airtight foundation. That means gathering every piece of evidence, analyzing every angle, and understanding our opponents better than they understand themselves.

I often say that walking into a courtroom is like stepping into the ring—it’s a battle of wits, strategy, and endurance. You don’t win because you’re the loudest; you win because you’re the most prepared. My team and I approach every case with the mindset that we’re going to trial, even if it ultimately settles. That readiness puts us in a position of strength and ensures that our clients get the best possible outcome.

How do you balance your aggressive courtroom persona with your philanthropic efforts in the community?

They’re two sides of the same coin. In the courtroom, I fight aggressively because my clients deserve someone who will stand up for them without hesitation. Outside the courtroom, I channel that same energy into making a positive impact in the community. Whether it’s raising millions for Houston Children’s Charity or donating my exotic car collection to the Jesse Tree, I see philanthropy as an extension of my purpose.

It’s not just about writing checks; it’s about rolling up your sleeves and getting involved. For example, I’ve chaired galas, supported animal welfare initiatives, and contributed to organizations like Meals on Wheels and the Star of Hope Mission. Balancing these roles isn’t easy, but I believe success comes with a responsibility to give back.

What role does your upbringing play in your approach to both law and philanthropy?

My upbringing shaped everything about me. Growing up on a farm in Atlanta, Texas, I learned the value of hard work, integrity, and community. My parents worked tirelessly to provide for us, and they taught me that you don’t turn your back on people in need. Those lessons are at the core of everything I do, both professionally and personally.

In my legal career, it’s why I fight so hard for the underdog. I know what it’s like to feel overlooked or underestimated, and I refuse to let my clients feel that way. In my philanthropy, it’s why I focus on causes that provide tangible help—whether it’s feeding families, supporting homeless shelters, or protecting animals. My upbringing instilled in me a sense of duty to make a difference, and that’s what drives me every day.

The Buzbee Law Firm has a reputation for going to trial rather than settling cases quickly. Why is that?

Because justice isn’t always served by taking the easy route. Too often, big corporations or insurance companies rely on the fact that most people will accept a quick settlement out of fear or desperation. At The Buzbee Law Firm, we refuse to play into that dynamic.

When we take a case, we commit to seeing it through, no matter how long it takes or how tough the fight becomes. That means being ready to go to trial and standing firm against intimidation tactics. Trials are where we can hold wrongdoers accountable in the most public and impactful way. Some of our biggest victories—cases that have resulted in multi-million-dollar verdicts or systemic changes—happened because we were willing to go the distance.

What do you consider your most significant legal victory, and why?

It’s hard to pick just one because every case we take is significant in its own way. That said, I’m particularly proud of the cases where we’ve achieved not just compensation for our clients but real, lasting change. For instance, cases involving defective products or corporate negligence that led to safety reforms.

Those victories matter because they go beyond the immediate client—they make our communities safer for everyone. It’s one thing to win a case; it’s another to know that your work prevented future harm. Those are the wins that stick with me.

What advice would you give to young lawyers who want to follow in your footsteps?

First, don’t lose sight of why you entered this field. Law is a profession of service, and your clients’ needs should always come first. Second, outwork everyone. Preparation is the great equalizer, and there’s no substitute for putting in the hours to know your case inside and out.

Third, be fearless. You’ll face opponents with more resources, more connections, and more experience, but none of that matters if you’re willing to fight for what’s right. Finally, never compromise your integrity. Success is fleeting, but your reputation lasts forever.

You’ve been involved in some of Houston’s largest philanthropic efforts. What drives your passion for giving back?

It’s simple: I’ve been blessed, and I believe in paying it forward. Success doesn’t mean much if you’re not using it to make the world better. Whether it’s raising $2.8 million for Houston Children’s Charity or supporting animal welfare initiatives, I see giving back as a way to honor the values I was raised with.

I’m also a firm believer in the ripple effect. When you help one person or one organization, that impact spreads. It inspires others to give, to get involved, and to make a difference. If my work can spark that kind of change, then I know I’m doing something worthwhile.

What legacy do you hope to leave behind, both in law and in life?

In law, I hope my legacy is one of courage and excellence. I want to be remembered as someone who never backed down from a fight, who stood up for the underdog, and who achieved justice for those who needed it most. I also hope that the cases we’ve won—especially those that led to systemic changes—serve as a reminder of the power of the legal system to make the world better.

In life, my legacy is my family and the community I’ve supported. I want my children to grow up knowing the importance of integrity, hard work, and compassion. I want them to see that success isn’t just about what you achieve but what you give back. If I can leave the world a little better than I found it, then I’ll consider my life well-lived.

Tony Buzbee’s life and career are a testament to the power of resilience, determination, and a commitment to justice. Through The Buzbee Law Firm, he has transformed the lives of countless clients and made a lasting impact on the legal profession. Beyond the courtroom, his philanthropic efforts continue to uplift his community, proving that true success is measured not just by victories but by the difference one makes in the lives of others.

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Tony Buzbee and The Buzbee Law Firm: A Legacy of Justice, Leadership, and Community Impact