NEWS & INSIGHTS – Wealthmore Services Ltd

Latest News & Insights

July 14, 2025

Updated Stamp Duty Calculator Now Available

On the 30th of June 2025, the Tax Department has released a new version of the Stamp Duty Calculator Tool as part of its ongoing digital transformation efforts to better serve the public. The new...

July 7, 2025

Cyprus launches EU BLUE card for highly skilled workers

On the 4th of July 2025, the Migration Department of the Deputy Ministry of Migration and International Protection of the Republic of Cyprus announced that as of Monday, 07 July 2025, it will be accepting...

November 11, 2024

CySEC suspends new CASPs applications in view of Regulation (EU) 2023/1114 on Markets in Crypto-Assets (“MiCAR”)

On 17th October 2024, the Cyprus Securities and Exchange Commission (CySEC) announced that as of that date, it would no longer accept new applications for the registration of Crypto-Asset Service Providers (CASPs) in view of...

November 7, 2024

UK Autumn Budget 2024 Summary and Analysis for Tax and Financial Advisory

Chancellor Rachel Reeves presented the Autumn Budget 2024, marking a pivotal step for the UK’s economic policy under Labour’s leadership. The budget places a strong emphasis on fiscal responsibility, social investment, housing support, and tax...

October 17, 2024

Corporate Sustainability Due Diligence Directive: the new anthropocene Directive

Corporate Sustainability Due Diligence Directive On 24 May 2024, the European Council formally adopted the Corporate Sustainability Due Diligence Directive (the “CSDDD”). The CSDDD must be transposed by Member States into national law by 26...

June 26, 2024

Set up an Electronic Money Institution (“EMI”) in Cyprus and its advantages

Electronic Money Institutions enable the issuance of electronic money and offering innovative payment solutions. In Cyprus, EMIs are regulated entities that provide services such as issuing funds, payment transactions, online wallet management and electronic bank...

May 29, 2024

Understanding Trademark Registration: National, European, and International

Trademark registration is vital for businesses to protect their brand identity and prevent unauthorized use of their logos, names, and slogans. However, the process and scope of protection can vary depending on the type of...

April 4, 2024

Variation of the penalties for the submission of the Annual Reports at the Registrar of Cyprus Companies

The Department of the Registrar of Companies and Intellectual Property has issued an announcement regarding the Companies (Amendment) Law 2024, L.18(I)/2024, published in the Official Gazette of the Republic on March 5, 2024 (the “Law”)....

March 31, 2024

Cyprus Intellectual Property (IP) box Regime

The Cyprus IP Regime (“Regime”) makes Cyprus an attractive location for the set-up of an IP holding and development company, as it offers efficient tax rate as well as legal protection afforded by EU Member...

March 28, 2024

Introducing the New Tax Regime for UK Residents: What You Need to Know

Effective April 6, 2025, the UK tax landscape is set to undergo a significant transformation with the abolition of the remittance basis of taxation. This change marks a shift towards a more streamlined and structured...

March 27, 2024

New Criteria Announced for Naturalization in the Republic of Cyprus

The Ministry of Interior of the Republic of Cyprus has introduced a fresh set of criteria for individuals seeking naturalization as citizens of Cyprus. These amended criteria outline the prerequisites for eligibility to apply for...

February 27, 2024

Announcement: Cyprus has abolished the Annual Levy for Companies registered in Cyprus

On February 21, 2024, the President of the Republic of Cyprus made public the Council of Ministers’ decision to abolish the compulsory annual levy of €350, previously mandated for all companies registered in Cyprus with...

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