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Posts Tagged ‘Incentives’

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...

Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessels – Procedure and Arrangements

Through a Circular issued by the Shipping Deputy Ministry on 3 September 2021, the relevant procedure and practical arrangements for qualifying with those incentives has been determined.

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.

Release of Updated Publications Following Important Changes to Cyprus Permanent Residence Permit Programme

Following the very beneficial amendments introduced to the Cyprus Permanent Residence Permit Programme, we have updated our publications covering, among others, the said changes.

Important Changes to the Cyprus Permanent Residence Permit Programme

The Cyprus Permanent Residence Permit Programme became even more attractive with some changes, which became effective on 24 March 2021.

Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessels

The Cyprus Shipping Deputy Ministry announced incentives for encouraging emission-reduction and protection of the environment by vessels.

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