Although Cyprus has traditionally been a jurisdiction offering a competitive corporate income tax rate of 12.5%, in an attempt to attract the relocation of multinational companies ...
The announcement of the Council of Ministers of the new investment program which shall come into effect on the 1st of January 2022, sets a new pathway for Cyprus to evolve and establish ...
The amendments will not doubt encourage an influx of investors, taking into consideration flexible investment possibilities but also the fact that Cyprus offers access to the European ...
Re-domiciliation or corporate migration is the legal procedure pursuant to which a company may move its place of domicile from the country of its original incorporation to a new ...
In order for the court to issue an order for the appointment of an examiner, the following tests must be satisfied:
The company must be unable or likely to be unable to pay its debts.
No ...
Cyprus temporary residence permit, the so-called Pink Slip, allows Non-European Union passport holders to extend their stay in Cyprus for more than ninety days. Temporary Residence ...
Shareholders being stakeholders in a Cyprus, have a number of rights conferred upon them by the provisions of the Companies law, Cap 113, the Company’s Articles of Association as well ...
A Company may, in accordance with the provisions of the Companies law, Cap 113, and provided that it is permitted by its articles of association, issue redeemable preference shares. ...
The 5th AML Directive came into effect on the 10th January 2020 and it seeks to further strengthen and enhance the prevention of money laundering and the terrorist financing. The underlying ...
Countries have been categorized into Green, Orange, Red and Gray and arrivals into Cyprus and the level of testing will be depend on where each passenger is arriving from.
The DAC6 it introduces a reporting obligation on Intermediaries and Taxpayers, thereby obliging them, (in certain cases) to disclose potentially aggressive tax planning arrangements. ...
The Cyprus arm's-length principle is in line with the international arm's-length principle that governs controlled transactions and facilitates potential compensating adjustments in ...
I. In accordance with the provisions of the article 354J of the Companies law, Cap 113, (“the Law”), a Cyprus registered company, may, provided that the laws of the jurisdiction into ...
Cyprus law does not impose an obligation to have a will. In the event of the death of person who has left no will in place, the estate of such a person shall become subject to the ...
Law Regulating to the Conditions of Entry and Residence in the Republic of Cyprus of Third Country Nationals with the purpose of Research, Study, Training, Volunteer Work, Exchange ...
Cyprus Permanent Residency is a legal status which entitles Non-EU citizens and qualifying dependents to enter and stay as permanent residents in Cyprus with no limitations. It does ...
The duties of the directors are both statutory imposed on them by the Companies law, Cap 113, (“the Companies Law”) as well as fiduciary duties emanating from common law.
An Intra Company Transferee is a employee working in a third country and he /she is being posted to an EU country to render services to a company which is in the same group of companies ...
A posted worker as a worker who is actually employed by one EU company, (“the Home Company”) and whose employer posts him/her temporality in another member state in order that he/she ...
The Council of Ministers has approved a plan - The Modified Action Plan- which will allow the gradual resumption of fligths into Cyprus. The Modified Action Plan will come into effect ...
How the Republic of Cyprus will implement the provisions of the Withdrawal Agreement pertaining to the residence rights of United Kingdom (UK) nationals and their family members, including ...
On 04/07/2020, the remaining provisions of the EU Anti-Tax Avoidance Directive (ATAD EU 2016/1164) of July 2016 have been transposed into Cyprus national law, namely:
• Exit Taxation
• ...
The Cypriot side ensured, among other things, the exemption from a 15 per cent withholding tax on dividends for regulated entities, such as pension funds and insurance companies, as ...
The Republic of Cyprus, has now opened its ports to a number of countries. Entry is permitted subject to the certain conditions and subject to teh country of arrival of visitors.
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