A. What is a Statutory Demand Letter A Statutory Demand Letter, is a form of claim against a Company, that serves as a formal demand of the payment of amounts owed to any person by the Company. Such Letters of Demand, if drafted and served as per the provisions of applicable legislation, can have serious...Read More
The Cyprus Digital Nomad Visa Scheme was introduced in Cyprus with effect from October 15, 2021, pursuant to the decision of the Council of Ministers. Central to the new Scheme’s goals is, the strengthening and promotion of Cyprus as a hub for the provision of digital and electronic services and, in achieving this, contributing to...Read More
The following new circular which was issued by the Tax Authorities in Cyprus in early 2022, provides additional guidance and clarity as to the tax residency according to the legal provision of the 60-day stay in the Republic of Cyprus, under the Income Tax Law, Article 2. Application of the 60-day rule for obtaining tax...Read More
As per the new restrictive measures announced on the 21st December 2021, the following shall be applicable: the re-opening of schools after the Christmas holidays on 10 Januaryand upon the students’ return, all students, teachers and other school staff must present a negative 72 hour-PCR laboratory test or 48-hour rapid antigen test. the extension of all other provisions of...Read More
Cyprus Government has proceeded to extend, ad of the end of November 2021, the regulations relating to the granting of tax relief on loan restructurings. Persons can benefit from this scheme due to the extension which is now valid until the 31st December 2022. The exemptions and incentives granted are: No payment of stamp duty...Read More
