On September 29, 2023, Cyprus Minister of Finance Mr Makis Keravnos announced the tax reform project of Cyprus, the “Integrated Tax Transformation Project”. In his speech, the Minister emphasized that
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As of 25 July 2023, Cyprus is fully integrated into Schengen Information System (SIS) which is used for border management and internal security in Europe. SIS supports the exchange of
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The House of Representatives of Cyprus is set to vote today, 02 June 2023 on a bill for amendments to the reduced VAT regime on the purchase and construction of
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In connection to our article “Cyprus Changing its Regime on Reduced VAT for First Homes: an Update” published on 28 March 2023, regarding the reduced VAT regime legislation changes, the
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In its report published on 29 March 2023, the rating agency Moody’s maintained a stable outlook on Cyprus’ Banking System. According to the report, Cyprus’ bank creditworthiness will remain stable
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We would like to remind interested parties that the deadline for the Annual Levy for 2022 for Cypriot companies was extended to 31 December 2022 without the imposition of a
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On 06th December 2022, The Council for Registration of Real Estate Agents announced that new measures will be implemented to provide clarity on the market value of the properties in
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According to the announcement made by the Department of Registrar of Companies and Intellectual Property on 28 November 2022, access to the Register of Beneficial Owners for the general public
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Cyprus has been ranked 18 in the Greenfield Foreign Direct Investment (FDI) index of the FDI Intelligence for 2021, which is a 50 places positive jump compared to the year
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The Minister of Finance of the Republic of Cyprus, Costantinos Petrides, has announced today that the Council of Ministers has approved today a Bill of Law setting forward an attractive tax
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