The Cyprus Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the Social Insurance...
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.
Cyprus has become a very popular destination for redomiciliations over the last few years and there are very good reasons for this.
Following the very beneficial amendments introduced to the Cyprus Permanent Residence Permit Programme, we have updated our publications covering, among others, the said changes.
The Cyprus Permanent Residence Permit Programme became even more attractive with some changes, which became effective on 24 March 2021.
On 3 December 2020 the Cyprus Parliament approved the extension of the two incentives already in place for attracting people to relocate to Cyprus and obtain employment in the country.
The Cyprus government announced recently that the Cyprus Investment Programme will be terminated as from 1 November 2020.
We are examining aspects related to human resources, whether these relate to hiring employees from the local market and/or relocating existing personnel from abroad.
