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News & Publications

COVID-19 Additional Restrictive Measures
22
Dec

COVID-19 Additional Restrictive Measures

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...
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Tax Relief on Loan Restructuring has been Extended
10
Dec

Tax Relief on Loan Restructuring has been Extended

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...
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Mandatory PCR Test on Entry to the Republic
03
Dec

COVID-19 Measures – Mandatory PCR Test on Entry to the Republic

As per the new restrictive measures announced today 02/12/2021, Passengers aged 12 years and over are obliged to carry out a PCR test until 10 January 2022. In the context of actions taken by the Government to curb the pandemic and to safeguard the health system from increased hospitalizations of COVID-19 patients, the Council of...
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20
Oct

New Tax and Other Incentives to Operate in or Expand Local Operations

As on the 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to operate or expand their activities in Cyprus, in an attempt to make the island a Sustainable Business and Trade Centre of the broader region and Europe. The new tax incentive strategy has been prepared in a manner consistent...
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Eviction Moratorium Deemed to be Unconstitutional
19
Oct

Eviction Moratorium Deemed to be Unconstitutional

In its recent ruling issued on the 5th of October 2021, the Supreme Court ruled as unconstitutional the bill passed by the Cyprus Parliament extending the moratorium on tenant evictions, which was passed then in an effort to reduce the impact on social and economic consequences of the COVID-10 pandemic. In its ruling, the Supreme...
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