As of the 27th May 2022, the Council of Ministers of the Republic of Cyprus has approved new Regulations governing immigration permits which can be granted to individuals coming from 3rd countries (non-EU), as follows: Aliens can be employed or reside in Cyprus, when they have an insured income of €40,000 per year, privately owned...Read More
As of the 11th May 2022, the Ministry of Labour and Social Insurance of the Republic of Cyprus, in exercising its powers under paragraph (1) of Article 24 of Foreigners and Immigration (entry conditions and residence of third country nationals with the purpose of search, studies, practice, volunteer service, student exchanges of educational programs) Law...Read More
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
