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Posts Tagged ‘Substance’

Extension of Income Tax 50% Exemption Approved by Council of Ministers

The Council of Ministers approved on 10 May 2022 the significant improvement of an incentive aimed at attracting foreign companies and highly skilled staff to Cyprus.

Frequently Asked Questions on Back to Back Financing Arrangements

The Cyprus Tax Department issued, on 24 January 2022, a set of Frequently Asked Questions related to financing arrangements between related parties of a so called Back to Back nature.

New Package of Incentives for Establishing or Expanding Presence in Cyprus

On 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to establish or expand presence in Cyprus. The Plan is in line with...

Setting up in Cyprus – Company, Officers, Premises

We will consider whether to form a company in Cyprus or redomicile a foreign company to the country. We will also contemplate alternatives concerning premises, as well as for sourcing and appointing officers for the company.

Cyprus Investment Programme to be Terminated

The Cyprus government announced recently that the Cyprus Investment Programme will be terminated as from 1 November 2020.

Setting Up in Cyprus: Hiring/Relocating Personnel

We are examining aspects related to human resources, whether these relate to hiring employees from the local market and/or relocating existing personnel from abroad.

Mini Fund Managers in Cyprus

A new legislation entitled the “Law which provides for the Incorporation and Operation of Small Alternative Investment Fund Managers” came into force on 3 July 2020 in Cyprus.

Updated Publications on Incentives to Invest, Set-up a Business and Relocate to Cyprus

Following the amendments introduced to the Cyprus Investment Programme we have updated our publications... 

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