Why they are choosing Cyprus for their business headquarters?
Cyprus as an international headquartering center. The country has made big developments in industries such as tourism with many developments like golf resorts, marinas, luxury residences and skyscrapers.Incentives are also given for startups formed or transferred to...
Double Tax Treaty between Cyprus and Kazakhstan
A new Double Tax Treaty (DTT) was signed between Cyprus and Kazakhstan , which was previously ratified by Cyprus in May 2019. The DTT will have full effect on the 1st of January 2021. The Treaty is based on the OECD Model Convention and thus incorporates the latest...
Cyprus: Regulation for bank guarantees for work permits amendments
Following the latest amendment of the Immigration Law, Cap. 105, which took place on the 6.12.2019, the Cyprus Migration Department has made some changes regarding the regulation for bank guarantees for work permits and based on the new regulation, the requirement for...
Registrar of Companies: Recent Amendments to the Cyprus Companies Law Cap. 113
Following recent amendments to the Cyprus Companies Law, Cap. 113 (“the Law”), the Registrar of Companies will impose administrative penalties on certain filings submitted after the prescribed time frames as provided by the Law. The imposition of the administrative...
Cyprus: Revised Fines by Cyprus Registrar of Companies and Official Receiver
As we have reported back in February 2019 some important amendments to the Cyprus Companies’ Law were introduced in December 2018, with some of the measures (such as the abolition of Capital Duty) taking immediate effect, whereas some others coming in to effect later...
Cyprus and Tax Treaties
A. Introduction A Tax Treaty (TT), in general terms, is an agreement between two or more jurisdictions that regulates the tax amount that an individual or a company must pay, so they are not taxed twice...
Cyprus Non-Domicile Regime for Individuals
Cyprus has become an attractive option for companies and individuals. Advantageous tax incentives exist and Cyprus is popular as both a corporate and residential location, offering a sound infrastructure, and also enviable weather. Benefits Enjoyed by Tax...
CYPRUS: RE-DOMICILIATION OF FOREIGN COMPANIES
A. INTRODUCTION As from 28.7.2006, the Companies Law Cap.113 (the “Law”) has been amended and the re-domiciliation of foreign companies to Cyprus is permitted, as per the provisions of the Law. Foreign companies that are established and operating abroad that consider...
Cyprus – Labour & Social Insurance
Labour legislation All companies operating in Cyprus are obliged to adhere to the employment legislation of Cyprus. Detailed information on labour laws and regulations can be found on the website of the Ministry of Labour, Welfare and Social Insurance at...
Cyprus Film Scheme in Cyprus – Tax Incentives
On 27 September 2017 the Cabinet of Ministers has approved a new scheme (the 'Filming Scheme') with the purpose of attracting individuals, local and overseas companies specialising in the filming production to develop and relocate their business and activities to...