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Cyprus: Business Conduct That Is Beyond Reproach - Elias Neocleous & Co LLC

An interview with our Managing Partner, Elias Neocleous, has recently been published in Gold Magazine. During a wide-ranging discussion Elias was asked for his thoughts on the challenges and ...
Tags: News, Cyprus, Elias, Co LLC, Elias Neocleous, Reproach Elias Neocleous


Cyprus: What Are The Main Benefits Offered By The Cyprus Non-Dom Regime? - Dixcart Group Limited

Cyprus offers; a warm climate, good infrastructure, convenient geographic location, membership of the EU, tax advantages for companies and incentives for individuals through the Cyprus non-dom regime.
Tags: News, Eu, Cyprus, Dixcart Group Limited


Cyprus: Cyprus Alternative Investment Funds And Mini-managers - Antoniou McCollum & Co.

Aiming to become an ideal jurisdiction for the establishment of alternative investment funds in the European Union, Cyprus has developed a versatile, predictable and robust regulatory framework on alternative investment funds (AIFs) and their managers.
Tags: News, Cyprus, Antoniou McCollum, European Union Cyprus


Cyprus: Cyprus Tax Facts 2021 - Stamp Tax And Registrar's Fees On Issue Of Capital - BDO Ltd

Cyprus Tax Facts 2021 - Stamp Tax And Registrar's Fees On Issue Of Capital
Tags: News, Cyprus, Issue Of Capital BDO Ltd


Cyprus: Cyprus Tax Facts 2021 - Company Levy - BDO Ltd

All companies incorporated in Cyprus are required to pay a fixed annual levy of €350 to the Registrar of Companies. The maximum levy for groups is set at €20.000.
Tags: News, Cyprus, Cyprus Tax Facts 2021 Company Levy BDO Ltd


Cyprus: Cyprus Tax Facts 2021 – Interest And Penalties - BDO Ltd

The following penalties apply for late payment of taxes and late submission of Income tax returns:
Tags: News, Cyprus, Interest And Penalties BDO Ltd


Cyprus: Cyprus Tax Facts 2021 - Tax Due Dates - BDO Ltd

END OF FOLLOWING MONTH - Payment of tax deducted from employees salary (PAYE). Payment of Social Insurance deducted from employees salary. Payment of NHS contributions. Payment of special contribution for defence ...
Tags: News, Cyprus, Tax Due Dates BDO Ltd, PAYE Payment of Social Insurance, Payment of NHS


Cyprus: Cyprus Tax Residency - Areti Charidemou & Associates LLC

Under the Income Tax Law, an individual is considered Cyprus tax resident if they are physically present in Cyprus for at least 183 days in the tax year (183-day rule)...
Tags: News, Cyprus, Associates LLC


Cyprus: Permanent Residence By Investment Scheme - Ernst & Young Cyprus Ltd

Pursuant to the provisions of Regulation 6 (2) of the Aliens and Immigration Regulations, the Minister of Interior decided on the 24th of March, after informing the Council of Ministers, to issue Immigration Permits to third-country national applicants.
Tags: News, Cyprus, Interior, Council of Ministers, Young Cyprus Ltd


Cyprus: A Commentary On The Future Of Work - Ernst & Young Cyprus Ltd

On March the 30th EY Cyprus organised a webcast with the topic "The future of work and the future of Skills".
Tags: News, Cyprus, Young Cyprus Ltd


Cyprus: Extension Of The Deadline For The Submission Of The 2020 Income Tax Returns For Individuals, 2020 Employer's Return And The Payment Of 2nd Instalment Of 2020 Provisional Tax - Ernst & Young Cyprus Ltd

We would like to inform you that the Cypriot House of Representatives has voted for an amendment to the Assessment and Collection of Taxes Law which in effect, extends the submission deadline of the Income Tax Return for individuals.
Tags: News, Cyprus, Young Cyprus Ltd


Cyprus: Introduction Of Beneficial Ownership Registers In Cyprus - Dixcart Group Limited

The Cyprus AML Law 188(I)/2007 has recently been amended to introduce into local law, the provisions of the 5th AML Directive 2018/843.
Tags: News, Cyprus, AML, Dixcart Group Limited


Cyprus: Article Of Our Associate Pavlos Vasileiou In Fileleftheros Newspaper - Elias Neocleous & Co LLC

Our associate Pavlos Vassiliou recently published an article in Fileleftheros newspaper. The article analyses the important issue of the compliance of the public administration authorities with the...
Tags: News, Cyprus, Co LLC, Elias Neocleous, Pavlos Vassiliou


Cyprus: Cyprus Tax Facts 2021 - Double Tax Treaties - BDO Ltd

This table provides a summary of the withholding taxes applicable for payments to Cyprus companies from double tax treaty countries.
Tags: News, Cyprus, Double Tax Treaties BDO Ltd


Cyprus: Establishment Of The Ultimate Beneficial Owner (UBO) Register In Cyprus - A. Karitzis & Associates L.L.C

In particular, article 61A (4)(a) of the Prevention and Suppression of Money Laundering and Terrorist Financing Law (13(I)/2018) provided for the introduction of the UBO Register.
Tags: News, Cyprus, Ubo, Associates L L C


Cyprus: Mergers & Acquisitions Comparative Guide - Chrysostomides Advocates & Legal Consultants

Mergers & Acquisitions Comparative Guide for the jurisdiction of Cyprus, check out our comparative guides section to compare across multiple countries
Tags: News, Cyprus, Legal Consultants


Cyprus: Blockchain And Shipping: Can It Work? - Michael Kyprianou Advocates & Legal Consultants

The new era which we are all currently living in, entails digitization, computer coding, digital information, while new technological infrastructures are taking their place as the new leading...
Tags: News, Cyprus, Michael Kyprianou


Cyprus: Ultimate Beneficial Owner (UBO) Registry Now In Effect - Eurofast

As we informed you late last year, the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. The registry development has been...
Tags: News, Cyprus, Council of Ministers


Cyprus: New Amendments To The Residency Programme - Eurofast

On April 7, 2021, the Republic of Cyprus has announced amendments to the eligible criteria for the Cyprus Permanent Residency Programme. In pursuance of the provisions of Regulation 6(2) of the Aliens
Tags: News, Cyprus, Cyprus Permanent Residency Programme


Cyprus: Cyprus Tax Facts 2021 – Value Added Tax - BDO Ltd

VAT is imposed on the provision of goods and services in Cyprus, as well as on the acquisition of goods from the EU and the importation of goods into Cyprus.
Tags: News, Eu, Cyprus, Value Added Tax BDO Ltd


Cyprus: Cyprus Tax Facts 2021 - Transfer Fees - BDO Ltd

Transfer fees are levied by the Department of Land and Surveys for transfers of immovable property situated in Cyprus.
Tags: News, Cyprus, Department of Land, BDO Ltd


Cyprus: Amendment To Assessment And Collection Of Taxes Law Extends Deadlines For 2020 Tax Return Submissions And Provisional Tax Payments - Elias Neocleous & Co LLC

An amendment to the Assessment and Collection of Taxes Law has been passed by the House of Representatives and was published in the Official Gazette 20 April 2021.
Tags: News, Cyprus, House Of Representatives, Co LLC, Official Gazette, Elias Neocleous


Cyprus: World Intellectual Property Day And SMEs - Michael Kyprianou Advocates & Legal Consultants

As celebrated across the world, every 26th of April, the World IP Day is one of the most celebrated events, established by the World Intellectual Property Office (WIPO). As WIPO notes...
Tags: News, Cyprus, Wipo, Michael Kyprianou, World Intellectual Property Office WIPO


Cyprus: Cyprus Tax Facts 2021 - Special Contribution For Defense - BDO Ltd

Special Contribution for Defence (SDC) is imposed on income earned by Cyprus tax residents. Non tax residents are exempt from SDC.
Tags: News, Cyprus, Defense BDO Ltd


Cyprus: Cyprus Tax Facts 2021 - Corporation Tax - BDO Ltd

All companies tax resident of Cyprus are taxed on all their income accrued or derived from all sources in Cyprus and abroad.
Tags: News, Cyprus, Cyprus Tax Facts 2021 Corporation Tax BDO Ltd


Cyprus: Cyprus Tax Facts 2021 - Personal Income Tax - BDO Ltd

All Cyprus tax residents are taxed on all income accrued or derived from all sources in Cyprus and abroad.
Tags: News, Cyprus, BDO Ltd


Greek and Turkish Cypriot leaders to hold talks on resuming peace process

UN-led meeting in Geneva aims to re-energise efforts to end dispute four years after talks collapsedLeaders from either side of Cyprus’s ethnic divide have flown to Geneva for a UN-led summit aimed at exploring whether the time is ripe to resume the peace process four years after the collapse of talks to reunify the island.The foreign ministers of Greece, Turkey and Britain – Cyprus’s three guarantor powers – will join Greek Cypriot and Turkish Cypriot teams in the hope of re-energising efforts ...
Tags: Europe, Greece, World news, Cyprus, Turkey, Britain, United Nations, Un, Geneva, Greece Turkey


Cyprus: Immovable Property Tax - BDO Ltd

Immovable property tax paid annually to the Tax Office is abolished as from 1/1/2017. The rates which applied up to 31 December 2016 on the market value of the property as at 1/1/1980 were the following:
Tags: News, Cyprus, Tax Office, Immovable Property Tax BDO Ltd


Cyprus: Social Insurance - BDO Ltd

The maximum level of income on which social insurance contributions are paid on is as follows:
Tags: News, Cyprus, Social Insurance BDO Ltd


Cyprus: Retention Of Title Clauses: Securing Payment In Contracts Of Sale - A.G. Erotocritou LLC

Prior to considering the nature, effect and legal implications of so-called retention (or reservation) of title clauses, it would perhaps be prudent, for contextual purposes...
Tags: News, Cyprus, Erotocritou LLC



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