Cyprus New Tax Incentives

In an effort to stimulate economic growth and attract investment from abroad, the Republic of Cyprus has made certain amendments on taxes which benefit foreign investors who conduct business activity via the island. The proposed tax reforms also offer a new boost to the island’s economy. The House of Representatives voted and passed the main […]


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Cyprus Implements New Taxes

The Cyprus Council of Ministers have recently approved and submitted some new tax laws to the House of Representatives. The House of Representatives will evaluate the new bills before approving and implementing them. The Republic of Cyprus aims to simplify and upgrade its tax system so as to remain an attractive jurisdiction. The new laws […]


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National Risk Assessment Measures to Fight Terrorist Financing & Money Laundering

The Central Bank of Cyprus has recently announced its plan on conducting a complete national risk assessment of measures with the purpose of decreasing terrorist financing and money laundering activities. The Central Bank of Cyprus has decided to carry out an evaluation concerning the risks on a national level in cooperation with the World Bank. […]


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Latest Tax Treaty Amendments in Cyprus

Assessment and Collection of Taxes Legislation The government of Cyprus has recently publicized a draft of amendments it proposes to make to the Assessment and Collection of Taxes Law, priory established in 1978. The state of Cyprus proposes amendments to be made to the specific law in order facilitate the realization and incorporation of agreements […]


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Cyprus Companies Law Cap.113 underwent additional amendments

During June, the Cyprus Parliament approved and passed the new upgraded Cyprus Companies Law. Key features of the legislation were renewed and upgraded to improve certain procedures. The legislation modifications outlined below will come to effect as soon as the new Companies Law is publicized in the Cyprus Gazette. The alterations made to the Companies […]


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Cyprus shows an upturn in GDP growth sooner than anticipated

The Republic of Cyprus’ Statistical Service revealed that the Cyprus Gross Domestic Product (GDP) marked an increase of 1.60% during the first financial quarter of 2015 in comparison to the same period a year before. The rise in GDP ranks the Republic of Cyprus the second European country (along with Romania) with the highest percentage […]


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New Cyprus insolvency laws

In mid-April the government of Cyprus consented on a new insolvency legislation framework. The purposes of the new framework is reorganize and update the already existing insolvency law as well as enhance a rescue culture. The new insolvency structure was part of the financial amendments program the government of Cyprus and the island’s financial supporters […]


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Cyprus Stock Exchange (CSE)

The Cyprus Stock Exchange (CSE) was founded based on The Cyprus Stock Exchange Laws and Regulations of 1993 and 1995. The legislation offers the foundation in which the CSE was formed on, run and developed the security market within the island. Additionally, the authority that supervises and regulates the CSE operations is The Cyprus Securities […]


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Cyprus International Trust (CIT) as a means of Business

During the past few years, the global financial crisis has led to turmoil, chaos and instability within the business and economic world. This international uncertainty and instability have led to many alterations within the businesses. An investor seeks and demands additional protection, to protect his business assets. Businesspeople seek stability and unhindered business environment in […]


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Cyprus- IP Regime tax haven for Israeli businesses

Tax legislations modifications place Cyprus as Europe’s lowest Intellectual Property Regime. Cyprus implemented important changes to its royalty tax regime in 2012 by making modifications to the Income Tax legislation. The alterations marked Cyprus as the ideal royalty destination, which facilitated the island to compete with other leading destinations such as the Netherlands and Luxembourg. […]


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