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News & Publications

11
Jan

Amendments to the IP Regime in Cyprus

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.
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05
Jan

CRS Degree Issued by the Republic of Cyprus

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.
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03
Jan

Cyprus – New Double Tax Treaties and Amendments to Existing ones

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:
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31
Dec

Legal Update (Limited Partnerships)

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”).
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31
Jul

Introduction of “Non-Dom” Rules

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.
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