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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 developments
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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 and
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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 to
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As of mid-November, the Republic of Cyprus and the Republic of India signed a Double Tax Treaty in relation to taxation on income.
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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:
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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 lower
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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”).   
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By way of Circular No. 2016/10 issued by the Cyprus Tax Authorities on the 1st August 2016, further information and clarifications were given as to the application of this Scheme and the interpretation of its various terms and definitions, which are expected to provide valuable guidance as to
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By a decision of the House of Representatives in July 2016, amendments have been made to the Immovable Property Tax Law (the “Property Tax”). The amendments have been published in the Official Government Gazette as of the 25 July 2016 and have taken effect as of that date, and
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Cyprus and Jersey signed a treaty for the avoidance of double taxation on income based on the model convention for the avoidance of double taxation of the Organisation of Economic Cooperation and Development (OECD), the finance ministry said.
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