On 8 July 2024 the Cyprus Tax Department issued Circular 04/2024 entitled “50% exemption from Income Tax on remuneration from employment exercised in the Republic”.
On 22 March 2024, the Ministry of Interior announced further clarifications regarding the amended provisions of the Civil Registry Law regarding naturalisation.
To address some shortfalls of the Programme, important amendments were introduced with effect on 2 May 2023. These amendments are...
Companies with accounting profits for tax year 2020 which fall within the Deemed Distribution (DD) provisions, would have to declare a sufficient amount of dividend, in order to meet the 70% threshold of distributed profits on or before 31 December 2022.
On 3 March 2022 the Council of Ministers of the Republic of Cyprus decided for the number of persons who can obtain a Digital Nomad Visa to be increased from 100, which was set initially, to 500.
The Deemed Distribution (DD) provisions apply where a Cyprus tax resident company has not distributed as a dividend at least 70% of its after-tax profits...
The Cyprus Permanent Residence Permit Programme became even more attractive with some changes, which became effective on 24 March 2021.
Following the amendments introduced to the Cyprus Investment Programme we have updated our publications...
