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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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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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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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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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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On 12 December 2024, the Cyprus House of Representatives approved the transposition of Council Directive (EU) 2022/2523 of 14 December 2022, referred to as the “Pillar Two Directive,” into domestic
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The Deputy Ministry of Research, Innovation and Digital Policy announced at the end of 2024, that the Council of Ministers approved the revision of the Startup Visa Scheme to attract
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On 16 December 2024, the Department of the Registrar of Companies and Intellectual Property (the Registrar) announced significant updates to the Beneficial Ownership Registry framework under the Prevention and Combating
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Cyprus is celebrating the earning of its third credit rating upgrade within a month. Standard & Poor’s (S&P) has upgraded Cyprus’s long-term credit rating to A-, reflecting stable prospects and balanced
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Credit rating agency Fitch has upgraded Cyprus’ credit rating from BBB+ to A-, marking the second upgrade in three weeks. Fitch attributed this positive change to Cyprus’ rapid reduction in
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