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Posts Tagged ‘Relocation’

Cyprus Citizenship – Special Provisions for Highly Skilled and Qualified Individuals

On 30 November 2023, the Cyprus Parliament approved an amendment of the Civil Registry Law , modernising the current legal framework and relaxing the requirements and criteria for naturalisation of foreign nationals...

Changes in Employment Contributions for 2024

As from 1 January 2024, the Social Insurance Contribution rates for each of the employer and the employee are increased by 0,5% and for self-employed individuals by 1%.

Important Amendments on 50% Income Tax Exemption

On 22 June 2023 the Cyprus Parliament approved further amendments to the Income Tax Law in relation to this incentive.

Amendments to the Cyprus Permanent Residence Permit Programme

To address some shortfalls of the Programme, important amendments were introduced with effect on 2 May 2023. These amendments are...

Foreign Interest Companies – Important Amendment

On 30 November 2022, the Council of Ministers approved the Amendment of the Policy for the Registration of Companies in the Register of Foreign Interest Companies. The decision entered into force on 12 December 2022.

Income Tax exemptions for Persons who Move to Cyprus for Employment - Clarifications by Tax Department

On 1 November 2022 the Cyprus Tax Department issued Tax Circular 10 of 2022, providing clarifications and examples on how the exemptions are applied in practice.

Further Improvement of Income Tax exemptions for Persons who Move to Cyprus for Employment

An amending law was published in the Official Gazette of the Republic of Cyprus with respect to the income tax exemptions for employment income, in relation to persons moving to Cyprus for employment. 

Third Country Nationals Relocating to Cyprus – New Options

The Council of Ministers of the Republic of Cyprus recently approved new regulations permitting the issuance of immigration permits for third country nationals in the following cases...

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