Further to the recent amendments introduced in Cyprus as to the Tax Treatment of intra-group back-to-back Financing Agreement, as of the end of June 2017 the Tax Department in Cyprus has released its Circular as to its interpretation of these new provisions. A brief summary of the interpretation to be followed by the Tax Department...Read More

Partnership Law has a long-standing background in Cyprus, but it is worth noting that it has received a notable update in October 2015, by the amendments introduced to the General and Limited Partnership and Business Names Law (the “Law” by the amending Law 114(I)/2015.Read More

In continuation of the ratification of the Cyprus-Iran Double Tax Treaty in January 2017, the Cyprus Government has announced that the Cyprus-Iran Double Taxation Treaty has now entered into force and will come into effect as from the 1st January 2018.Read More

In accordance with relevant notification by the Cyprus Tax Department, there will be a termination of the current tax practice in relation to the minimum acceptable margins on loans granted to related parties. This decision comes as a result of the Tax Department  taking into consideration the International developmentsRead More

Earlier this month, the Cyprus government approved a new scheme aimed at attracting innovative start-ups to establish their business operations in Cyprus and thus benefit from its advantageous tax regimes offered to individuals and companies, whilst at the same time contributing to Cyprus’ economy andRead More

As of the 1st of January 2017, the Special Contribution which was imposed on gross monthly earnings for salary-based employees and the self-employed and private sector pensioners in Cyprus has been abolished. This Special Contribution had been introduced as a special measure toRead More

As of mid-November, the Republic of Cyprus and the Republic of India signed a Double Tax Treaty in relation to taxation on income.Read More

A. ELIGIBLE COMPANIES All companies of foreign interests, including international companies (ex-IBCs), in order to be eligible to employ third country nationals in Cyprus, should fulfil the following:Read More

As of September 2016, Cyprus has proceeded with amending the criteria for its Citizenship by Investment Scheme. Under the amended legislation, the criteria set forth make the obtaining of the Cyprus Citizenship even easier. Compared to the previous scheme, thresholds are considerably lowerRead More

A. Introduction The ability of foreign entities to register a Branch in the Republic of Cyprus has been available for many years, and is covered by Section 347 of our Companies Law, Cap. 113 (hereinafter, the “Law”).   Read More