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”)....Read More
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...Read More
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...Read More
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...Read More
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...Read More
According to amendment N. 1(I)/2024 of the Central Agency of Equal Distribution of Burdens (Establishment, Objects, Responsibilities and Other Related Matters) Law which was published in the First Appendix of the Official Gazette of the...Read More
The concept of Employee Share Ownership Plans (ESOPs) is a useful tool for achieving an advantageous relationship between employees and shareholders. ESOPs have been internationally identified to simultaneously increase employee satisfaction and the financial wealth...Read More
Several factors attract individuals to become tax residents in Cyprus, including the fact that Cyprus is a member of the European Union, it has a well established international business and investment hub and of course...Read More
In the world of international wealth management and asset protection, the Cyprus International Trust (CIT) stands out as a powerful and versatile tool. Established under the Cyprus International Trusts Law of 1992, a CIT offers...Read More
In order for a Cyprus company to be able to employ third country nationals, such company must be registered as a Foreign Interest Company. Since 1 January 2022 the Business Facilitation Unit (BFU)has been the...Read More
Extension on the deadline for filing the UBO information to the final solution of the Register of Beneficial owners with the Registrar of Companies has been provided. The deadline has been extended to 29.02.2024. It...Read More
On 30 June 2022, the Republic of Cyprus approved the new transfer pricing rules and documentation requirements which are in line with the recommendations of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax...Read More
