In an effort to assist the Cyprus-based Financial Institutions tackle the Non-Serviced loans, the Cyprus Government has introduced a scheme which offers various tax breaks and/or reduced fees and levies payable to governmental authorities when a loan is restructured with the purpose of making it viable or to be repaid, and such restructuring involves the […]Read More
The Civil Registry and Migration Department (CRMD) announces that on Monday, 8.2.2016,article 18ΦΖ(7) of the Aliens and Immigration Law (Cap.105) as well as article 4 of the Aliens and Immigration (Amending) (No.2) Law [Ν129(Ι)/2014, O.G. Annex.Ι(Ι) No. 4456] are set into force,Read More
Cyprus to issue new Residence Permits to Family Members of Holders of International Protection. The Civil Registry and Migration Department (CRMD) announces that on Monday, 8.2.2016,article 18ΦΖ(7) of the Aliens and Immigration Law (Cap.105) as well asRead More
The Cyprus Ministry of Finance Cypriot Ministry of Finance has announced in late December 2015 that it will promote amendments to the current Cyprus Intellectual Property (IP) tax regime in order to introduce a new IP tax regime as from 1 July 2016.Read More
The Ministry of Finance has issued a Decree as to the application of the Organisation of Economic Cooperation and Development Common Reporting Standard (‘’CRS’’) and the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information.Read More
Cyprus has been hard at work at expanding its network of Double Tax Treaties, high significant success. As of 2015, Cyprus has concluded three (3) new Doubt Tax Treaties with:Read More
Update to the Partnerships and Business Names Law, Cap. 116 – The introduction into Cyprus Law of the “Partnership Limited by Shares” The recent amendment to the aforementioned law, by the adoption and enactment of the amending Law 144(I)/2015, introduces to Cyprus Law the notion of the Partnership Limited by Shares (“PLS”).Read More
The new non domiciled rules were introduced to further entice corporate executives and high net worth individuals (currently entitled to a 50 per cent tax exemption of personal income tax for a five-year period where income exceeds €100.000) to take up residency in Cyprus.Read More
