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Author: Michalis C. Zambartas

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Citizenship, Immigration

Cyprus Launches EU Blue Card Applications to Attract Global Talent

9 July 20259 July 2025Michalis C. ZambartasCyprus, EU, EU Blue Card, non-EU, residency

Recently, the Deputy Ministry of Migration and International Protection of the Republic of Cyprus announced that starting Monday, July 7, 2025, the Republic of Cyprus will begin processing applications for
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Compliance, Tax Law

Cyprus – Extension of Personal Income Tax Return Filing Deadline to September 30, 2025

19 June 202519 June 2025Michalis C. ZambartasCyprus, personal income tax

The Cyprus Council of Ministers has approved an extension for the submission of 2024 personal income tax returns and associated payments. This adjustment is intended to simplify compliance and ease
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Nicosia
Real Estate

Cyprus Property Market Gains Momentum, Nicosia Leads in Major Deals

19 May 202519 May 2025Michalis C. ZambartasCyprus, Nicosia, real estate

Cyprus’ real estate market continued to grow steadily in 2025. March and April have seen significant activity, with Nicosia emerging as a key player in overall sales and high-value transactions.
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Season's Greetings
17 April 202517 April 2025Michalis C. Zambartas

Happy Easter!

Our Offices will be closed for Easter Holiday on:
Friday, 18/04/2025,
Monday, 21/04/2025. and
Tuesday, 22/04/2025

VAT

Cyprus Tax Department Announces Extension for Non-Taxation Election for VAT Purposes on Property Rentals

10 April 202510 April 2025Michalis C. ZambartasCircular 2/2025, Cyprus, Law 157(I)/2017, non-taxation, T.D.1220, VAT

On March 24, 2025, the tax department introduced Circular 2/2025, providing the option to submit Form T.D. 1220 until December 31, 2025. This form facilitates the election for non-taxation for
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Digital Nomad
Citizenship, Immigration

Cyprus Launches Updated Digital Nomad Visa Scheme

3 April 20253 April 2025Michalis C. ZambartasCyprus, digital nomad visa, non-EU, residency

On 26 March 2025, the Deputy Ministry of Migration and International Protection announced the launch of the updated Digital Nomad Visa Scheme. Accordingly, 500 residence permits will be issued under
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Compliance

Navigating Cyprus Transfer Pricing Rules: SIT Filing Requirements, Deadlines, and Penalties

28 March 202528 March 2025Michalis C. Zambartasarm’s length, Cyprus, SIT, Summary Information Table, transfer pricing

From the 2022 tax year onward, all companies in Cyprus, as well as Permanent Establishments (PEs) of non-resident entities that engage in controlled transactions (transactions with related parties), are obligated
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Employment Law

Extended Deadline for Mandatory Registration of Employees in ERGANI System

24 March 202524 March 2025Michalis C. ZambartasCyprus, Decree ΚΔΠ 455/2024, ERGANI, Essential Employment Terms

On 20 December 2024, the Official Gazette of the Republic of Cyprus published a Decree ΚΔΠ 455/2024 issued by the Minister of Labour and Social Insurance. By this Decree ΚΔΠ
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strike off
Company Law, Compliance

Cyprus – Companies without Postal Codes will be Stricken-Off from the Registry

4 February 20255 February 2025Michalis C. ZambartasDepartment of Registrar of Companies and Intellectual Property, non-compliance, post code, strike off

On 24 January 2024, the Department of Registrar of Companies and Intellectual Property (the Registrar) announced that all registered companies with the Registrar should verify and update their registered office
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Property Tax
Real Estate, Tax Law

The Impact of Spain’s Possible 100% Property Tax Hike on Non-EU Residents: Potential Impact for British Expats and the Proposition of Cyprus

29 January 20255 February 2025Michalis C. Zambartascapital gains, Cyprus, inheritance, property, Spain

Spain is experiencing a housing crisis. Shortages and rising housing prices are believed to be caused by foreign buyers and mass tourism hence recently large protests were held against tourists
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Recent Posts

  • Michalis Zambartas Receives a Certificate of Appreciation for His Contribution to World Bank’s B-READY 2026 Report
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  • Cyprus Secures ‘A’ Credit Rating as S&P Maintains Positive Outlook
  • Cyprus to Extend the Transitional Period on 5% Reduced VAT for Primary Homes
  • Cyprus Approves New €100 Million Support Package to Ease Impact of Iran War

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