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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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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,
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Introduction A usual occurrence for practicing corporate lawyers, as well as persons involved in the day-to-day running of companies and corporations, is an enquiry from shareholders to the effect whether they can propose the appointment of directors which they think best to act as such.
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In mid-2015, the Wills and Succession Law, Cap. 195, was amended in Cyprus, with the amendments having a particular impact mainly on British persons and other Commonwealth-country individuals who have immovable property in the Republic of Cyprus as the “forced heirship” rule exemption is now abolished.
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CySEC’s Chairman has hinted that CySEC is considering to amend its regulations to force Cyprus Investment Firms (“CIFs”) to have their call-centers based in Cyprus, a fact which would enable CySEC to, amongst others, provide actual oversight of how the marketing is performed,
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Cyprus Law governing Trademarks Trademarks in Cyprus are governed by the Trademarks Law, Cap. 268 (as this has been amended from time to time) (the “Law”), and includes relevant rules and regulations issued under the provisions of the said Law.
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The Civil Registry and Migration Department (CRMD) announces that on Monday, 8.2.2016,article 18ΦΖ(7) of the Aliens and Immigration Law (Cap.105) as well as article 4 of the Aliens and Immigration (Amending) (No.2) Law [Ν129(Ι)/2014, O.G. Annex.Ι(Ι) No. 4456] are set into force,
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Cyprus to issue new Residence Permits to Family Members of Holders of International Protection. The Civil Registry and Migration Department (CRMD) announces that on Monday, 8.2.2016,article 18ΦΖ(7) of the Aliens and Immigration Law (Cap.105) as well as
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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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