NEWSROOM

Important Amendments on 50% Income Tax Exemption
03/07/2023

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
10/05/2023

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
01/02/2023

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
09/11/2022

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
29/07/2022

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
08/06/2022

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...

Digital Nomad Visa – Extension of Number of Beneficiaries
08/03/2022

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.

Changes to Employment and Social Insurance Regulations
07/09/2021

The Cyprus Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the Social Insurance...

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