Updates Archives | Page 3 of 4 | G. Vrikis & Associates LLC

Cyprus – Special Scheme for Innovative Businesses

01/03/2017G. Vrikis & Associates LLCFinance, Updates

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

Cyprus – Special Contribution on Salaries abolished

07/02/2017G. Vrikis & Associates LLCFinance, Updates

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

Cyprus And India Sign a Double Tax Treaty

14/12/2016G. Vrikis & Associates LLCFinance, Updates

As of mid-November, the Republic of Cyprus and the Republic of India signed a Double Tax Treaty in relation to taxation on income.

Work Permit Application For Employees of International Companies

07/11/2016G. Vrikis & Associates LLCImmigration, Updates

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:

Cyprus Government updates the Cyprus Citizenship by Investment Scheme

13/10/2016G. Vrikis & Associates LLCImmigration, Updates

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

Summary of Procedure for Registering a Branch in Cyprus

23/08/2016G. Vrikis & Associates LLCLegal, Updates

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”).

Cyprus – Notional Interest Deduction Scheme

18/08/2016G. Vrikis & Associates LLCFinance, Updates

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

Cyprus – Amendments to the Immovable Property Tax Law

28/07/2016G. Vrikis & Associates LLCFinance, Updates

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

Cyprus and Jersey – Signing of Double Tax Treaty

14/07/2016G. Vrikis & Associates LLCFinance, Updates

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.

Cyprus – Transfer of Title Deeds to Enclaved (“Trapped”) Buyers under the new Law Provisions

06/06/2016G. Vrikis & Associates LLCFinance, Legal, Updates

SINCE September 2015, and the adoption of the Immovable Property Transfer and Mortgage Law (Amendment) (No. 10) Law of 2015) (hereinafter, the “Law”), thousands of applications have been made with the District Land Registries in Cyprus by enclaved buyers of immovable property,

1 2 3 4