If you are currently a UK non-domiciled individual looking to move your tax residence to another country, you would be well advised to consider Cyprus as one of your alternatives. Cyprus has its own Non-Dom tax regime which is automatically applicable to all foreign individuals becoming tax residents of Cyprus. As from 1 January 2017,...Read More

The Department of Registrar of Companies and Intellectual Property of Cyprus announces that, following the Judgement of the Court of Justice of the European Union (CJEE) in joined cases C-37/20 and C-601/20, of November 22, 2022, access to the Register of Beneficial Owners for the general public is suspended as of the 23rd of November...Read More

The Cyprus government has presented a new strategy for attracting businesses to Cyprus with emphasis on high technology, shipping, innovation, and research and development, in a bid to turn the island into a business and trade centre in the wider region and Europe. Speaking at the presentation on Friday 15 October, President Nicos Anastasiades said...Read More

Six investors have been shortlisted in the context of the project “Ledra” concerning a sale a €477 million package of performing loans by Cyprus state-owned asset manager KEDIPES. The deadline for the transaction provides that final binding offers will be submitted by the end of October. At the initial stage 13 investors entered the virtual...Read More

Russia and Cyprus on Tuesday 8 September signed a protocol amending the double taxation treaty following the conclusion of negotiations in August. “Signing the protocol ensures continuation of the implementation of the double taxation avoidance treaty, which undoubtedly is beneficial for both sides since it encourages investment, trade across all sectors of the economy, but...Read More

In light of the negative consequences of Covid-19, the Cyprus government has announced a national fiscal package of measures to help the affected economy. The support package includes a VAT payment pause of two (2) months and the reduction of VAT from 19% to 17% and from 9% to 7%. The VAT-related measures are: Temporary...Read More

Standard & Poor’s Global Ratings has affirmed its BBB-/A-3 long- and short-term foreign and local currency sovereign credit rating on Cyprus with a stable outlook. The stable outlook incorporates Cyprus` robust growth prospects, improving public debt dynamics, and track record of running budgetary surpluses, according to the report released Friday, 6 March. It also takes...Read More

The Republic of Cyprus and Kazakhstan have signed a Convention for the Avoidance of Double Taxation and for the Combating of Tax Evasion with respect to taxes on income. According to a press release issued by the Public Information Office, the Convention was signed in Nursultan, Kazakhstan, by the Cypriot Minister of Foreign Affairs Nikos...Read More