Double Tax Treaty Between Cyprus & Russia
Cyprus strikes a deal on Double Tax Treaty with Russian Government The Republic of Cyprus and Russia had entered into a Double Tax Treaty (DTT) in 1998 in a joint effort to avoid the double taxing of income and capital generated in Cyprus, in order to promote the...
Medical Company In Cyprus
With a publication in the Official Gazette of the Republic of Cyprus, on 19.07.2013, the Law on Registration of Doctors (Amended) of 2013 (Law 73 (I) / 2013) (hereinafter “the Law”) was issued. The Law provides for the establishment of Medical Companies and...
CYPRUS VAT update regarding Yacht Leasing Scheme
The Cyprus Tax Department released on 23 December 2019 the Interpretative Circular 240 (VAT Tax), referring to the registration, in the VAT Registry, of Cypriot companies which operate in the business sector of leasing pleasure yachts (recreational boats) in...
Cyprus Citizenship: Fast Track Applications Approved for investors
The Cypriot government introduced the citizenship by investment programme as an initiative to attract foreign investment. The programme gives foreigners the opportunity to obtain full Cypriot citizenship through various investment opportunities in Cyprus and...
Επιχειρήσεις που θα εξαιρεθούν από το #lockdown
Σύμφωνα με τον πρόεδρο της Δημοκρατίας Νίκο Αναστασιάδη, όλες οι επιχειρήσεις λιανικού εμπορίου θα αναστείλουν τις εργασίες τους, πλην των επιχειρήσεων που θα περιλαμβάνονται σε σχετικό Διάταγμα που θα εκδοθεί από τον Υπουργό Υγείας. Aναστέλλεται η λειτουργία όλων των...
Έφορος Εταιρειών Κύπρου: Μέτρα για υποβοήθηση των εταιρειών που έχουν υποστεί συνέπειες λόγω Convid-19
Στα πλαίσια των μέτρων που λαμβάνει η κυβέρνηση για στήριξη των εταιρειών/επιχειρήσεων που επηρεάζονται από τα περιοριστικά μέτρα που έχουν επιβληθεί για τον περιορισμό της εξάπλωσης του Κορωνοϊού, το Τμήμα Εφόρου Εταιρειών ανακοινώνει τα εξής: 4η εκστρατεία...
Announcement from the Ministry of Finance a number of Financial Support measures re COVID-19
Extension of the deadline for the submission of VAT returns until 30/04/2020 (applicable for businesses with turnover of less than €1 million in the preceding 12 months);Extension of the deadline for the payment of VAT due (applicable for businesses with turnover of...
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...