NEWSROOM

Reduced VAT Rate on Purchase or Construction of New Residence
13/06/2023

On 8 June 2023 the Cyprus Parliament approved the bill on the application of a 5% VAT rate on the purchase or construction of a property to be used as the main and permanent residence by the buyer/s.

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...

Temporary Application of Zero VAT Rate for Essential Items
05/05/2023

On 2 May 2023 the Council of Ministers of the Republic of Cyprus approved a Decree which amends the VAT Law in order to provide for a zero rate of VAT on supplies of specific items.

Easter Holidays 2023
11/04/2023

It is in times like this that we all need to pause on some occasions from our routine concerns and habits, for relaxation, reflection and spending time with our loved ones.  

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.

Christmas Wishes
15/12/2022

Whether it relates to guarding ourselves from viruses, avoiding war or any other conflict, treatment of refugees, protection of the environment, or any other aspect of our lives, we should not forget that we are all human beings and we all have an equal right of living...

Electronic Submissions and Payment of Overdues to Social Insurance Department
04/10/2022

The Cyprus Ministry of Labour and Social Insurance has recently announced the following in relation to electronic submissions and payments...

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...

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