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Category: Blog

Tax incentives for highly qualified foreign specialists approved in Cyprus

Tax incentives for highly qualified foreign specialists approved in Cyprus. On July 14 the Cyprus Parliament approved important amendments to the Income Tax Law. They introduced provision of significant tax benefits to highly qualified foreign specialists. In particular, employees who were hired by Cypriot companies from January 1, 2022 will now be exempt from paying […]

BELIZE CHANGES under the Business Companies Act for IBC

Please note that all Belize companies will need to be re-registered. The reason for the re-registration is due to the repeal in the IBC Act. These companies will now be governed under the Business Companies Act. This takes place from November 28th, 2022 when the registry re-opened. There is no transaction that will be processed […]

Merry Christmas & Happy New Year 2023!

Wishing you a Merry Christmas and a Happy New Year filled with health, wealth, and joy. Sending love and warm wishes to you and your family this holiday season. May the new year bring you prosperity, happiness, and success. May this holiday season be filled with laughter, love, and cherished moments with loved ones.

LGBTQ rights in Cyprus – interesting facts

LGBTQ rights in Cyprus – interesting facts In this article, we will explain how LGBT and gender issues are regulated in Cyprus. In Cyprus, the following is legally fixed: In Cyprus, the following is legally fixed: Since 2015, same-sex marriages have become civil unions. Civil partnership agreements provide the same rights as marriage, unless otherwise […]

Updating the Register of Beneficial Owners in Cyprus

Updating the Register of Beneficial Owners in Cyprus Definition of beneficial owner Pursuant to Section 2 of the Money Laundering Prevention and Suppression Act 2007-2021, hereinafter referred to as the “Law”, the “beneficial owner” of a legal entity is the natural person who has ultimate ownership or control over the legal entity. Ownership or control […]

Payment of temporary tax for 2022 in Cyprus

Payment of temporary tax for 2022 in Cyprus In accordance with the Cypriot income tax law, all companies that will have taxable income for the 2022 tax year must file with the tax authorities by July 31, 2022 a temporary tax return form (T.D6). This form is based on estimated taxable income for the current […]

NON-DOMICILE STATUS IN CYPRUS

NON-DOMICILE STATUS IN CYPRUS In 2015, a special status began to operate in Cyprus for investors permanently residing in this country, the so-called “Non-Dom” (“not domiciled”). Obtaining this status allows a resident of the jurisdiction not to pay defense tax (DTT), as well as receive some other tax benefits. Who can get Non-Dom status? All […]

CySEC Circular C517

CySEC Circular C517 In addition to Circulars C489, C501 and C511, the Cyprus Securities and Exchange Commission (“CySEC”) wishes to draw the attention of regulated entities to the additional restrictive measures of the Council of the European Union (“EU Council”) that were introduced on June 3, 2022 against Russia in connection with its military aggression […]