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Category: Blog

Citizen Incentives

Citizen Incentives Employees who are third-country nationals will have the right to apply for naturalization after five (5) years of residence and work in Cyprus, or after four (4) years if they hold a recognized certificate of strong knowledge of the Greek language. The transfer of social security contributions will also be ensured through intensified […]

Tax Benefits for Employees in Cyprus

Tax Benefits for Employees in Cyprus Extension of the tax exemption applicable to employees in Cyprus:             – Income tax exemption of 50% for new residents and employees with an income of at least €55,000 with the possibility to extend the benefit from 10 – 17 years; potential beneficiaries of the allowance are persons with […]

Revised Policy for the Employment of Third-Country Nationals

Revised Policy for the Employment of Third-Country Nationals Applicable to employees of foreign companies operating in Cyprus or foreign companies wishing to establish a presence in Cyprus.  Issuance of temporary residence and employment permits in Cyprus.             – Applies to third-country nationals with minimum gross salary of €2,500, provided that they possess a university diploma or […]

Penalties announced for non-compliance with UBO reporting in Cyprus

Penalties announced for non-compliance with UBO reporting in Cyprus March 12, 2022 is the last date when companies or other legal entities incorporated in Cyprus before March 12, 2021 must report their beneficial owners. According to the Circular issued on January 25, 2022 by the Registrar of Companies, in the event of failure to comply […]

Business Facilitation Unit in Cyprus

Business Facilitation Unit in Cyprus On October 15, 2021, the Council of Ministers approved the “Strategy for attracting businesses to operate and/or expand activities in Cyprus”. The goal is to help Cyprus become an international business center for foreign companies while attracting international investment and talent. Effective January 1, 2022, the existing “Fast Track Business […]

Public holidays in Cyprus in 2022

Public holidays in Cyprus in 2022 The Hadjivangeli team has prepared a list of public holidays in Cyprus in 2022. January 1 (Saturday) – New Year January 6 (Thursday) – Epiphany (Baptism of the Lord) March 7 (Monday) – Clean Monday (the first day of Lent, in Cyprus is called Green Monday) March 25 (Friday) […]

Cyprus is the best destination for cinema

Cyprus is the best destination for cinema Choosing Cyprus as your next filming location offers many opportunities and a comprehensive package of benefits. For cinema, Cyprus offers grants and tax incentives in the form of cash rebates, tax credits, tax deductions for investments in infrastructure and equipment, and VAT refunds on expenses. The main characteristics […]

Provisional tax for 2021 tax year in Cyprus

Provisional tax for 2021 tax year in Cyprus We inform you that December 31, 2021 is the deadline for filing the revised (if necessary) preliminary tax estimate for 2021 and the deadline for payment of the second preliminary tax payment for 2021. Obligation to pay input tax The following persons should reconsider whether they should […]