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....
06 November 2023
ATAD 3: EU Unshell Directive
The Directive targets EU tax resident entities that are engaged in cross-border economic activities but have little or no economic substance, known as “shell entities”....
05 November 2023
Extension of Income Tax 50% Exemption Approved by Council of Ministers
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....
12 May 2022
Frequently Asked Questions on Back to Back Financing Arrangements
The Cyprus Tax Department issued, on 24 January 2022, a set of Frequently Asked Questions related to financing arrangements between related parties of a so called...
04 February 2022
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...
21 October 2021
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...
24 August 2021
Cyprus Investment Programme to be Terminated
The Cyprus government announced recently that the Cyprus Investment Programme will be terminated as from 1 November 2020....
20 October 2020
Setting Up in Cyprus: Hiring/Relocating Personnel
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....
08 October 2020
Mini Fund Managers in Cyprus
A new legislation entitled the “Law which provides for the Incorporation and Operation of Small Alternative Investment Fund Managers” came into force on 3 July 2020...
