According to the European Union’s Statistics Service (Eurostat) data published recently, Cyprus recorded the third-highest annual growth rate in the EU for the second quarter of 2024. Based on seasonally
Read More
On 16 July 2024, the Department of the Registrar of Companies and Intellectual Property announced that in cases of change of officers/partners in a company/cooperative, the responsibility to carry out
Read More
On the 9th of July 2024, Eurostat (the statistical office of the European Union) published its findings regarding house sales in the EU. According to Eurostat data, house sales were
Read More
Cyprus is considering easing residency rules for high-income earners. The new proposed bill foresees a minimum of EUR 250, 000 investment in residential property and EUR 40, 000 income from
Read More
On February 7, 2024, following the meeting of the Council of Ministers of Cyprus, the Minister of Finance Mr. Makis Keravnos announced that the Council of Ministers approved the revision
Read More
On February 21, 2024, despite previous opposition from the Ministry of Finance, the Cyprus Cabinet decided to abolish the annual company levy of €350 imposed on Cyprus companies. The Ministry
Read More
In February 2021, the House of Representatives of Cyprus passed a law (Law 12(I)/2021) levying a 0.4% tax on all sales of immovable property whereby the proceeds would go towards
Read More
On December 11, 2023, the Ministry of Finance of Cyprus announced the signing of a new double tax treaty and its protocol with respect to taxes on income and the
Read More
As of 20 November 2023, the one-stop-shop shipping centre at the Deputy Ministry of Shipping in Limassol started its operations as a first step for matters related to the services
Read More
The Association of Cyprus Banks and the Association of Credit Acquisition Companies and Credit Facilities Managers (SEDP) have announced that they will extend the foreclosure freeze for primary residences with
Read More