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.
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.
Cyprus has proven to be an ideal jurisdiction for technology companies and other organisations which own patents, trademarks, trade secrets, copyrights in literary and artistic works, computer software, and other inventions...
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.
The tax incentives for investing in innovative enterprises have been extended even further following a law approved by Cyprus Parliament recently. The extension concerns...
An amendment to the Income Tax Law (the ‘Law’) was voted by the Cyprus Parliament on 7 July 2022 in order to allow for an increased tax deduction on...
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.
The tax incentives for investing in innovative enterprises, which were introduced in 2017, were extended until 30 June 2024 by a decision of the...